Rtw Investments Adds $20M in RadNet, Inc. ($RDNT)
RTW Investments added 346,500 shares of RadNet, Inc., boosting its stake by 8.8%.
Key Points
- RTW Investments grew its RadNet stake by 8.8%, adding 346,500 shares to hold 4.29 million shares valued at $243 million.
- RadNet shares traded at $56.71 with a market cap of $4.46 billion and a forward P/E of 60.1.
- Recent analyst actions include Barclays maintaining a buy rating with a $65 target, and insider buying by CEO Howard Berger.
RTW Investments has increased its holdings in RadNet, Inc. (NasdaqGM: RDNT), adding 346,500 shares. This move boosts its stake by 8.8% to a total of 4,285,000 shares, as reflected in the latest Form 13F filing with the SEC. The position is valued at approximately $243 million as of the reporting period.
What Changed in RTW Investments' RadNet Position
RTW Investments previously held 3,938,500 shares of RadNet. With the addition of 346,500 shares, its holdings have grown to 4,285,000 shares, marking an increase of 8.8%. The total value of this position is now around $243 million.
Other Institutional Activity in RadNet
BlackRock, Inc. slightly increased its holdings in RadNet by 14,714 shares, bringing its total to 10,035,734 shares worth about $561 million. Price T Rowe Associates made a significant addition of 1,455,781 shares, now holding 4,154,863 shares valued at approximately $232 million. Vanguard Portfolio Management initiated a position with 3,899,127 shares, valued at $218 million. Beck Mack & Oliver, however, reduced its stake by 65,259 shares, ending with 3,166,192 shares valued at $177 million.
RadNet, Inc. Stock Snapshot
Shares of RadNet, Inc. traded at $56.71. The company has a market cap of around $4.46 billion and a forward P/E ratio of 60.1. The stock's 52-week range is between $50.76 and $85.84. It has a 50-day moving average of $55.96 and a 200-day moving average of $68.66. RadNet's current ratio is 1.17, with a quick ratio of 1.05 and a debt-to-equity ratio of 143.
Recent Earnings
RadNet reported revenue of $2.14 billion, with a growth rate of 22.1%. Despite this revenue growth, the company posted a net margin of -0.66% and a return on equity of 1.77%. The next earnings release is scheduled for August 6, 2026.
Insider Buying and Selling at RadNet, Inc.
On June 2, 2026, insiders including David Swartz, Gregory Spurlock, Lawrence Levitt, and Laura Pastre each bought 2,946 shares. On May 5, 2026, CEO Howard Berger bought 25,992 shares at an average price of $18.64.
Analysts Set New Price Targets
On May 20, 2026, Barclays maintained its buy rating on RadNet with a price target of $65. Keybanc initiated coverage on January 9, 2026, with a buy rating and a $92 price target. The consensus among analysts is a strong buy, with a mean target price of $89.75 based on 8 opinions.
About RadNet, Inc.
RadNet, Inc. provides outpatient diagnostic imaging services in the U.S. and internationally. Operating through Imaging Centers and Digital Health segments, it offers MRI, CT, PET, and other imaging services. RadNet also develops AI-powered health informatics solutions. Headquartered in Los Angeles, California, the company was founded in 1981 and employs approximately 11,000 people.
Bottom Line
RTW Investments' increased stake in RadNet, Inc. signals a growing interest in the healthcare diagnostics sector. Investors track these 13F filings for insights into institutional sentiment, though they reflect past positions. RadNet's stock performance and analyst ratings suggest ongoing interest, despite its current unprofitability.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.