8,500 Shares in Envision Healthcare Corporation (NYSE:EVHC) Acquired by Trexquant Investment LP
Trexquant Investment LP purchased a new position in shares of Envision Healthcare Corporation (NYSE:EVHC) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 8,500 shares of the company’s stock, valued at approximately $533,000.
A number of other institutional investors have also made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Envision Healthcare Corporation during the first quarter worth about $135,000. Korea Investment CORP acquired a new position in shares of Envision Healthcare Corporation during the first quarter worth about $141,000. Ameritas Investment Partners Inc. acquired a new position in shares of Envision Healthcare Corporation during the first quarter worth about $172,000. First Interstate Bank acquired a new position in shares of Envision Healthcare Corporation during the first quarter worth about $184,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Envision Healthcare Corporation by 60.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,169 shares of the company’s stock worth $194,000 after buying an additional 1,200 shares during the period. 64.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Envision Healthcare Corporation (NYSE EVHC) opened at 52.89 on Friday. The stock’s market cap is $6.19 billion. The firm has a 50-day moving average price of $59.31 and a 200-day moving average price of $61.09. Envision Healthcare Corporation has a 52 week low of $51.44 and a 52 week high of $74.75.
Envision Healthcare Corporation (NYSE:EVHC) last issued its earnings results on Monday, August 7th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The business’s revenue was up 156.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. On average, analysts forecast that Envision Healthcare Corporation will post $1.40 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on EVHC. Mizuho lowered their price target on Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating for the company in a report on Wednesday. BidaskClub raised Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $86.00 price target on shares of Envision Healthcare Corporation in a report on Tuesday, April 18th. Zacks Investment Research downgraded Envision Healthcare Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada upped their price target on Envision Healthcare Corporation from $72.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $71.56.
In related news, insider Robert Jon Coward sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $60.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider now owns 99,363 shares in the company, valued at approximately $5,961,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.
About Envision Healthcare Corporation
Envision Healthcare Holdings, Inc, formerly CDRT Holding Corporation, is a holding company. The Company, through its subsidiary, provides physician-led medical services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR). Its EmCare segment is a provider of integrated facility-based and post-acute care physician services to healthcare facilities in the United States.
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