ExodusPoint Capital Management LP Makes New $309,000 Investment in Akumin Inc. (NASDAQ:AKU)

ExodusPoint Capital Management LP purchased a new position in Akumin Inc. (NASDAQ:AKU) during the 4th quarter, Holdings Channel reports. The firm purchased 102,751 shares of the company’s stock, valued at approximately $309,000.

Separately, SCW Capital Management LP grew its position in Akumin by 27.6% in the 4th quarter. SCW Capital Management LP now owns 11,437,308 shares of the company’s stock worth $34,426,000 after purchasing an additional 2,471,923 shares during the last quarter. 30.37% of the stock is owned by hedge funds and other institutional investors.

Shares of Akumin stock opened at $3.28 on Thursday. The company’s 50-day simple moving average is $3.60. Akumin Inc. has a twelve month low of $1.69 and a twelve month high of $4.10.

Akumin (NASDAQ:AKU) last issued its earnings results on Wednesday, March 31st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.13. Analysts anticipate that Akumin Inc. will post 0.11 earnings per share for the current year.

Several analysts have issued reports on AKU shares. Clarus Securities restated a “buy” rating on shares of Akumin in a research report on Tuesday, February 9th. Zacks Investment Research lowered shares of Akumin from a “hold” rating to a “sell” rating in a research report on Tuesday.

Akumin Company Profile

Akumin Inc provides outpatient diagnostic imaging services in the United States. Its centers offer physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and reduce unnecessary invasive procedures. The company provides various medical imaging services, including magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, digital radiography, fluoroscopy, and other diagnostic or interventional radiology procedures; and online medical bill payment services.

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