Dimensional Fund Advisors LP lifted its stake in RadNet, Inc. (NASDAQ:RDNT) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,531,850 shares of the medical research company’s stock after acquiring an additional 112,194 shares during the period. Dimensional Fund Advisors LP owned 3.24% of RadNet worth $11,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of RadNet by 1.9% in the 2nd quarter. Wells Fargo & Company MN now owns 35,843 shares of the medical research company’s stock worth $278,000 after acquiring an additional 654 shares during the period. Bank of America Corp DE lifted its stake in shares of RadNet by 5.9% in the 1st quarter. Bank of America Corp DE now owns 26,580 shares of the medical research company’s stock worth $157,000 after acquiring an additional 1,477 shares during the period. National Planning Corp lifted its stake in shares of RadNet by 9.8% in the 2nd quarter. National Planning Corp now owns 16,796 shares of the medical research company’s stock worth $132,000 after acquiring an additional 1,500 shares during the period. American International Group Inc. lifted its stake in shares of RadNet by 7.0% in the 1st quarter. American International Group Inc. now owns 22,857 shares of the medical research company’s stock worth $135,000 after acquiring an additional 1,500 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of RadNet by 3.5% in the 2nd quarter. Citigroup Inc. now owns 66,202 shares of the medical research company’s stock worth $513,000 after acquiring an additional 2,245 shares during the period. 48.39% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on RDNT. Zacks Investment Research lowered shares of RadNet from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. TheStreet lowered shares of RadNet from a “b-” rating to a “c” rating in a research note on Friday, October 27th. BidaskClub raised shares of RadNet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Finally, Jefferies Group LLC raised shares of RadNet from a “hold” rating to a “buy” rating and increased their target price for the company from $7.00 to $12.00 in a research note on Tuesday, August 22nd.

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Shares of RadNet, Inc. (NASDAQ:RDNT) opened at $9.80 on Wednesday. RadNet, Inc. has a one year low of $5.25 and a one year high of $11.90. The company has a market cap of $461.95, a P/E ratio of 32.33, a P/E/G ratio of 3.26 and a beta of 0.87. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 7.88.

RadNet (NASDAQ:RDNT) last released its earnings results on Thursday, November 9th. The medical research company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. RadNet had a net margin of 1.21% and a return on equity of 23.73%. The business had revenue of $227.60 million during the quarter, compared to analyst estimates of $232.84 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. equities analysts predict that RadNet, Inc. will post 0.35 EPS for the current year.

In related news, insider Stephen M. Forthuber sold 18,500 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $8.38, for a total transaction of $155,030.00. Following the completion of the sale, the insider now directly owns 406,922 shares of the company’s stock, valued at $3,410,006.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Sandy Nyholm Kaminsky sold 1,100,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $10.95, for a total transaction of $12,045,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,226,796 shares of company stock valued at $13,367,025. Company insiders own 9.36% of the company’s stock.

About RadNet

RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

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Institutional Ownership by Quarter for RadNet (NASDAQ:RDNT)

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