California State Teachers Retirement System trimmed its position in Envision Healthcare Corporation (NYSE:EVHC) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,654 shares of the company’s stock after selling 9,524 shares during the period. California State Teachers Retirement System owned 0.19% of Envision Healthcare Corporation worth $13,954,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Commonwealth Bank of Australia boosted its holdings in Envision Healthcare Corporation by 24.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock valued at $130,000 after purchasing an additional 410 shares during the period. LMR Partners LLP bought a new position in Envision Healthcare Corporation in the 2nd quarter valued at $205,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Envision Healthcare Corporation by 54.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,401 shares of the company’s stock valued at $209,000 after purchasing an additional 1,200 shares during the period. Cutter & CO Brokerage Inc. boosted its holdings in Envision Healthcare Corporation by 11.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,668 shares of the company’s stock valued at $230,000 after purchasing an additional 367 shares during the period. Finally, Flinton Capital Management LLC boosted its holdings in Envision Healthcare Corporation by 18.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,464 shares of the company’s stock valued at $280,000 after purchasing an additional 704 shares during the period.

EVHC has been the subject of several analyst reports. Royal Bank Of Canada raised their price target on shares of Envision Healthcare Corporation from $72.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Zacks Investment Research raised shares of Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, July 4th. Cantor Fitzgerald reissued a “buy” rating and issued a $80.00 price target on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. BidaskClub downgraded shares of Envision Healthcare Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Mizuho lowered their price objective on shares of Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $73.00.

Shares of Envision Healthcare Corporation (NYSE:EVHC) opened at 45.08 on Friday. The stock’s market cap is $5.28 billion. Envision Healthcare Corporation has a 52-week low of $39.66 and a 52-week high of $74.75. The stock’s 50 day moving average is $45.59 and its 200 day moving average is $54.23.

Envision Healthcare Corporation (NYSE:EVHC) last released its quarterly earnings data on Monday, August 7th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $0.34 earnings per share. Envision Healthcare Corporation’s quarterly revenue was up 156.7% compared to the same quarter last year. Equities research analysts forecast that Envision Healthcare Corporation will post $1.40 earnings per share for the current year.

Envision Healthcare Corporation declared that its board has approved a stock buyback plan on Monday, September 18th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire up to 4.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Envision Healthcare Corporation (NYSE:EVHC)

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