World Asset Management Inc decreased its stake in shares of Envision Healthcare Corporation (NYSE:EVHC) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,117 shares of the company’s stock after selling 2,213 shares during the period. World Asset Management Inc’s holdings in Envision Healthcare Corporation were worth $634,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Envision Healthcare Corporation during the first quarter worth $135,000. Korea Investment CORP acquired a new stake in shares of Envision Healthcare Corporation during the first quarter valued at $141,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Envision Healthcare Corporation during the first quarter valued at $172,000. First Interstate Bank acquired a new stake in shares of Envision Healthcare Corporation during the first quarter valued at $184,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Envision Healthcare Corporation by 60.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,169 shares of the company’s stock valued at $194,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 64.75% of the company’s stock.
Shares of Envision Healthcare Corporation (NYSE EVHC) traded up 0.66% on Friday, reaching $50.21. The company had a trading volume of 1,433,281 shares. Envision Healthcare Corporation has a 52 week low of $49.56 and a 52 week high of $74.75. The firm’s market capitalization is $5.88 billion. The company’s 50-day moving average price is $57.66 and its 200 day moving average price is $60.47.
Envision Healthcare Corporation (NYSE:EVHC) last released its quarterly earnings data on Monday, August 7th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.34 EPS. Envision Healthcare Corporation’s quarterly revenue was up 156.7% on a year-over-year basis. On average, analysts expect that Envision Healthcare Corporation will post $1.40 EPS for the current year.
EVHC has been the subject of several recent analyst reports. Zacks Investment Research downgraded Envision Healthcare Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. Royal Bank Of Canada raised their price target on Envision Healthcare Corporation from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, June 27th. BidaskClub upgraded Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Jefferies Group LLC set a $75.00 price objective on Envision Healthcare Corporation and gave the stock a “buy” rating in a research note on Friday, April 21st. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $80.00 price objective on shares of Envision Healthcare Corporation in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $71.56.
In related news, insider Robert Jon Coward sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $62.69, for a total value of $94,035.00. Following the completion of the transaction, the insider now directly owns 97,863 shares of the company’s stock, valued at approximately $6,135,031.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.
About Envision Healthcare Corporation
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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