Mutual of America Capital Management LLC raised its holdings in Envision Healthcare Corporation (NYSE:EVHC) by 17.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,025 shares of the company’s stock after acquiring an additional 12,768 shares during the quarter. Mutual of America Capital Management LLC owned 0.07% of Envision Healthcare Corporation worth $3,912,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Commonwealth Bank of Australia raised its stake 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 last quarter. LMR Partners LLP acquired a new position in Envision Healthcare Corporation in the 2nd quarter valued at about $205,000. OLD Mutual Customised Solutions Proprietary Ltd. grew 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 buying an additional 1,200 shares during the period. Cutter & CO Brokerage Inc. grew 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 buying an additional 367 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Envision Healthcare Corporation by 5.6% in the 1st quarter. HighTower Advisors LLC now owns 4,541 shares of the company’s stock valued at $274,000 after buying an additional 240 shares during the period.
Envision Healthcare Corporation (EVHC) traded down $0.78 during mid-day trading on Friday, reaching $24.95. The company’s stock had a trading volume of 4,382,200 shares, compared to its average volume of 2,093,783. The company has a market capitalization of $3,110.48, a price-to-earnings ratio of 7.94, a PEG ratio of 0.67 and a beta of 0.69. The company has a current ratio of 3.01, a quick ratio of 3.00 and a debt-to-equity ratio of 0.89. Envision Healthcare Corporation has a 52-week low of $24.45 and a 52-week high of $74.75.
Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.08). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. Envision Healthcare Corporation had a negative net margin of 6.39% and a positive return on equity of 4.88%. The business’s revenue for the quarter was up 142.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. sell-side analysts expect that Envision Healthcare Corporation will post 2.56 earnings per share for the current year.
Envision Healthcare Corporation declared that its Board of Directors has authorized a share repurchase program on Monday, September 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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Several research firms have commented on EVHC. Robert W. Baird lowered their price target on Envision Healthcare Corporation from $70.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Zacks Investment Research upgraded Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Mizuho dropped their target price on 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. Oppenheimer Holdings, Inc. dropped their target price on Envision Healthcare Corporation from $77.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Finally, BidaskClub lowered Envision Healthcare Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Envision Healthcare Corporation currently has a consensus rating of “Buy” and a consensus target price of $49.21.
Envision Healthcare Corporation Profile
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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