Caisse DE Depot ET Placement DU Quebec raised its holdings in Envision Healthcare (NYSE:EVHC) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,271 shares of the company’s stock after acquiring an additional 2,300 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Envision Healthcare were worth $839,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. CIBC World Markets Inc. purchased a new position in shares of Envision Healthcare in the 4th quarter valued at approximately $208,000. CENTRAL TRUST Co increased its holdings 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 worth $229,000 after purchasing an additional 2,939 shares in the last quarter. Alps Advisors Inc. bought a new stake in shares of Envision Healthcare in the 4th quarter worth $235,000. M&T Bank Corp increased its holdings 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 worth $235,000 after purchasing an additional 1,716 shares in the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Envision Healthcare in the 4th quarter worth $236,000.
EVHC has been the subject of several research analyst reports. Credit Suisse Group started coverage on Envision Healthcare in a report on Monday, December 11th. They issued an “outperform” rating and a $36.00 price objective for the company. Piper Jaffray assumed coverage on Envision Healthcare in a research report on Wednesday, December 13th. They issued a “neutral” rating and a $35.00 price objective on the stock. 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. SunTrust Banks set a $40.00 price objective on Envision Healthcare and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, ValuEngine cut Envision Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $42.57.
EVHC stock traded down $1.11 during trading on Friday, hitting $37.79. The stock had a trading volume of 2,066,619 shares, compared to its average volume of 2,354,322. The company has a current ratio of 3.40, a quick ratio of 3.38 and a debt-to-equity ratio of 0.87. Envision Healthcare has a twelve month low of $23.77 and a twelve month high of $64.00. The stock has a market cap of $4,569.76, a price-to-earnings ratio of 15.24, a PEG ratio of 0.87 and a beta of 0.42.
Envision Healthcare (NYSE:EVHC) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.14. Envision Healthcare had a negative net margin of 2.52% and a positive return on equity of 4.62%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The business’s revenue for the quarter was up 68.0% compared to the same quarter last year. equities analysts forecast that Envision Healthcare will post 3.34 EPS for the current fiscal year.
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Envision Healthcare Company Profile
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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