David B. Pearce Sells 1,000 Shares of Amedisys Inc (AMED) Stock
Amedisys Inc (NASDAQ:AMED) insider David B. Pearce sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 10,488 shares of the company’s stock, valued at $524,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Amedisys Inc (AMED) traded down 2.10% during midday trading on Wednesday, reaching $48.46. 308,022 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.64 billion, a P/E ratio of 41.42 and a beta of 0.89. Amedisys Inc has a 12-month low of $34.58 and a 12-month high of $65.91. The firm has a 50-day moving average of $58.14 and a 200-day moving average of $54.09.
Amedisys (NASDAQ:AMED) last issued its quarterly earnings results on Wednesday, July 26th. The health services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Amedisys had a net margin of 2.70% and a return on equity of 13.71%. The company had revenue of $378.80 million during the quarter, compared to analysts’ expectations of $380.80 million. During the same period last year, the company posted $0.42 EPS. Amedisys’s revenue was up 5.0% on a year-over-year basis. Analysts anticipate that Amedisys Inc will post $2.21 EPS for the current fiscal year.
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AMED has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Amedisys from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC reissued a “buy” rating and set a $57.00 target price on shares of Amedisys in a research report on Friday, April 28th. Mizuho raised shares of Amedisys from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, May 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $56.00 target price on shares of Amedisys in a research report on Monday, June 5th. Finally, Stephens boosted their target price on shares of Amedisys from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Amedisys by 2,877.7% in the first quarter. BlackRock Inc. now owns 5,676,870 shares of the health services provider’s stock valued at $290,032,000 after buying an additional 5,486,225 shares during the period. Vanguard Group Inc. boosted its position in shares of Amedisys by 2.7% in the first quarter. Vanguard Group Inc. now owns 2,369,678 shares of the health services provider’s stock valued at $121,067,000 after buying an additional 63,238 shares during the period. FMR LLC boosted its position in shares of Amedisys by 6.9% in the first quarter. FMR LLC now owns 2,352,632 shares of the health services provider’s stock valued at $120,196,000 after buying an additional 152,632 shares during the period. William Blair Investment Management LLC boosted its position in shares of Amedisys by 8.1% in the first quarter. William Blair Investment Management LLC now owns 1,632,242 shares of the health services provider’s stock valued at $83,391,000 after buying an additional 122,305 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Amedisys by 148.7% in the first quarter. American Century Companies Inc. now owns 1,200,754 shares of the health services provider’s stock valued at $61,347,000 after buying an additional 717,939 shares during the period. 99.80% of the stock is owned by institutional investors.
Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.
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