Envision Healthcare (EVHC) Short Interest Update
Envision Healthcare (NYSE:EVHC) was the target of a large growth in short interest in March. As of March 29th, there was short interest totalling 24,458,190 shares, a growth of 12.8% from the March 15th total of 21,681,282 shares. Approximately 20.7% of the company’s stock are short sold. Based on an average trading volume of 2,365,494 shares, the short-interest ratio is currently 10.3 days.
EVHC has been the topic of several research analyst reports. ValuEngine lowered Envision Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. SunTrust Banks set a $40.00 target price on Envision Healthcare and gave the stock a “buy” rating in a research report on Thursday, December 21st. Cantor Fitzgerald reissued a “hold” rating and set a $37.00 target price on shares of Envision Healthcare in a research report on Friday, January 5th. Robert W. Baird reissued an “outperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Envision Healthcare in a research report on Wednesday, March 7th. Finally, Jefferies Group set a $41.00 target price on Envision Healthcare and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.57.
Several hedge funds have recently made changes to their positions in EVHC. CIBC World Markets Inc. purchased a new position in shares of Envision Healthcare in the 4th quarter valued at approximately $208,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Envision Healthcare by 88.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,401 shares of the company’s stock valued at $221,000 after purchasing an additional 3,000 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Envision Healthcare by 79.7% in the 4th quarter. CENTRAL TRUST Co now owns 6,626 shares of the company’s stock valued at $229,000 after purchasing an additional 2,939 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of Envision Healthcare in the 4th quarter valued at approximately $235,000. Finally, M&T Bank Corp grew its stake in shares of Envision Healthcare by 33.6% in the 4th quarter. M&T Bank Corp now owns 6,818 shares of the company’s stock valued at $235,000 after purchasing an additional 1,716 shares during the last quarter.
Envision Healthcare (NYSE:EVHC) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Envision Healthcare had a positive return on equity of 4.62% and a negative net margin of 2.52%. The firm’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 EPS. research analysts expect that Envision Healthcare will post 3.34 EPS for the current fiscal year.
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About Envision Healthcare
Envision Healthcare Corporation, through its subsidiaries, provides various healthcare services in the United States. The company operates through two segments, Physician Services and Ambulatory Services. As of December 31, 2017, its physician-led services encompassed providers at approximately 1,800 clinical departments at healthcare facilities in 45 states and the District of Columbia that include emergency department and hospitalist, anesthesiology, radiology/tele-radiology, and children's services.
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