MAI Capital Management Increases Position in Envision Healthcare Corporation (EVHC)
MAI Capital Management boosted its stake in Envision Healthcare Corporation (NYSE:EVHC) by 23.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,097 shares of the company’s stock after buying an additional 1,162 shares during the period. MAI Capital Management’s holdings in Envision Healthcare Corporation were worth $374,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Envision Healthcare Corporation during the first quarter worth about $135,000. Korea Investment CORP bought a new stake in Envision Healthcare Corporation during the first quarter worth about $141,000. Ameritas Investment Partners Inc. bought a new stake in Envision Healthcare Corporation during the first quarter worth about $172,000. Elkfork Partners LLC bought a new stake in Envision Healthcare Corporation during the fourth quarter worth about $192,000. Finally, Daiwa Securities Group Inc. raised its stake in Envision Healthcare Corporation by 60.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,169 shares of the company’s stock worth $194,000 after buying an additional 1,200 shares during the period. Institutional investors own 67.47% of the company’s stock.
Shares of Envision Healthcare Corporation (NYSE EVHC) opened at 58.63 on Friday. The firm’s 50-day moving average price is $56.31 and its 200-day moving average price is $63.22. The firm’s market cap is $6.81 billion. Envision Healthcare Corporation has a 52 week low of $53.12 and a 52 week high of $81.26.
Envision Healthcare Corporation (NYSE:EVHC) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.52 billion. Envision Healthcare Corporation had a positive return on equity of 5.75% and a negative net margin of 9.16%. Equities research analysts expect that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.
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EVHC has been the subject of a number of recent research reports. Zacks Investment Research lowered Envision Healthcare Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, May 8th. Barclays PLC reiterated an “overweight” rating on shares of Envision Healthcare Corporation in a research note on Tuesday, March 21st. TheStreet lowered Envision Healthcare Corporation from a “b-” rating to a “c+” rating in a research note on Thursday, March 9th. Canaccord Genuity reiterated a “buy” rating and issued a $86.00 target price on shares of Envision Healthcare Corporation in a research note on Tuesday, April 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Envision Healthcare Corporation in a research note on Thursday, March 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $72.00.
In other news, insider Robert Jon Coward sold 1,500 shares of Envision Healthcare Corporation stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $60.53, for a total value of $90,795.00. Following the transaction, the insider now directly owns 114,363 shares in the company, valued at $6,922,392.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.
Envision Healthcare Corporation Company 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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