Employees Retirement System of Texas Sells 2,000 Shares of Envision Healthcare Corporation (EVHC)
Employees Retirement System of Texas decreased its holdings in shares of Envision Healthcare Corporation (NYSE:EVHC) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 153,000 shares of the company’s stock after selling 2,000 shares during the period. Employees Retirement System of Texas owned approximately 0.13% of Envision Healthcare Corporation worth $9,589,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Karp Capital Management Corp bought a new position in shares of Envision Healthcare Corporation in the 1st quarter worth $632,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Envision Healthcare Corporation during the first quarter worth $172,000. Mason Street Advisors LLC grew its stake in shares of Envision Healthcare Corporation by 1.1% during the first quarter. Mason Street Advisors LLC now owns 16,232 shares of the company’s stock worth $995,000 after purchasing an additional 183 shares during the period. Nordea Investment Management AB grew its stake in shares of Envision Healthcare Corporation by 3.7% during the first quarter. Nordea Investment Management AB now owns 3,341 shares of the company’s stock worth $205,000 after purchasing an additional 120 shares during the period. Finally, Aberdeen Asset Management PLC UK grew its stake in shares of Envision Healthcare Corporation by 12.4% during the first quarter. Aberdeen Asset Management PLC UK now owns 22,555 shares of the company’s stock worth $1,383,000 after purchasing an additional 2,491 shares during the period. 64.75% of the stock is currently owned by institutional investors.
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Envision Healthcare Corporation (NYSE:EVHC) traded up 0.65% during trading on Monday, hitting $45.24. The stock had a trading volume of 197,732 shares. The firm’s market capitalization is $5.30 billion. The stock has a 50 day moving average of $51.35 and a 200 day moving average of $57.40. Envision Healthcare Corporation has a one year low of $42.50 and a one year high of $74.75.
Envision Healthcare Corporation (NYSE:EVHC) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The business’s quarterly revenue was up 156.7% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. Equities research analysts expect that Envision Healthcare Corporation will post $1.40 earnings per share for the current fiscal year.
Envision Healthcare Corporation announced that its Board of Directors has authorized a share buyback program on Monday, September 18th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Several equities analysts have weighed in on EVHC shares. Cantor Fitzgerald reissued a “buy” rating on shares of Envision Healthcare Corporation in a research note on Monday, July 24th. Royal Bank Of Canada boosted their target price on Envision Healthcare Corporation from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, July 4th. BidaskClub raised Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Mizuho lowered their price target on Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $77.25.
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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