Envision Healthcare (EVHC) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Envision Healthcare (NYSE:EVHC) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,873 shares of the company’s stock after purchasing an additional 4,768 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Envision Healthcare worth $13,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. M&T Bank Corp lifted its position in Envision Healthcare by 33.6% during the fourth 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. LS Investment Advisors LLC lifted its position in Envision Healthcare by 33.1% during the fourth quarter. LS Investment Advisors LLC now owns 7,785 shares of the company’s stock valued at $269,000 after purchasing an additional 1,937 shares during the last quarter. Amalgamated Bank lifted its position in Envision Healthcare by 8.5% during the fourth quarter. Amalgamated Bank now owns 24,863 shares of the company’s stock valued at $859,000 after purchasing an additional 1,946 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Envision Healthcare by 9.6% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 22,747 shares of the company’s stock valued at $785,000 after purchasing an additional 1,997 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its position in Envision Healthcare by 17.9% during the fourth quarter. Quantitative Systematic Strategies LLC now owns 14,319 shares of the company’s stock valued at $495,000 after purchasing an additional 2,169 shares during the last quarter.

Shares of NYSE EVHC opened at $42.45 on Thursday. The company has a current ratio of 2.27, a quick ratio of 2.25 and a debt-to-equity ratio of 0.65. Envision Healthcare has a 52 week low of $41.58 and a 52 week high of $42.28. The firm has a market capitalization of $5.07 billion, a P/E ratio of 15.73, a PEG ratio of 0.95 and a beta of 0.43.

Envision Healthcare (NYSE:EVHC) last issued its earnings results on Monday, May 7th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. Envision Healthcare had a net margin of 1.41% and a return on equity of 4.59%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. analysts anticipate that Envision Healthcare will post 3.39 earnings per share for the current fiscal year.

EVHC has been the topic of several research reports. Mizuho set a $35.00 price target on shares of Envision Healthcare and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Credit Suisse Group lifted their price target on shares of Envision Healthcare from $36.00 to $43.50 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. ValuEngine downgraded shares of Envision Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group set a $46.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $37.00 price target on shares of Envision Healthcare in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.10.

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.

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

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