Mesirow Financial Investment Management Equity Management Boosts Stake in Envision Healthcare Corporation (NYSE:EVHC)

Mesirow Financial Investment Management Equity Management increased its stake in Envision Healthcare Corporation (NYSE:EVHC) by 60.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,610 shares of the company’s stock after buying an additional 10,350 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Envision Healthcare Corporation were worth $1,731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BB&T Corp raised its stake in Envision Healthcare Corporation by 18.2% in the second quarter. BB&T Corp now owns 109,144 shares of the company’s stock worth $6,840,000 after buying an additional 16,769 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Envision Healthcare Corporation during the first quarter valued at about $3,011,000. HighTower Advisors LLC raised its position in shares of Envision Healthcare Corporation by 5.6% in the first quarter. HighTower Advisors LLC now owns 4,541 shares of the company’s stock valued at $274,000 after buying an additional 240 shares during the period. LS Investment Advisors LLC raised its position in shares of Envision Healthcare Corporation by 14.0% in the second quarter. LS Investment Advisors LLC now owns 7,107 shares of the company’s stock valued at $445,000 after buying an additional 871 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of Envision Healthcare Corporation by 1,087.0% in the first quarter. OppenheimerFunds Inc. now owns 60,999 shares of the company’s stock valued at $3,740,000 after buying an additional 55,860 shares during the period. Hedge funds and other institutional investors own 64.75% of the company’s stock.

Shares of Envision Healthcare Corporation (NYSE:EVHC) opened at 50.21 on Friday. The firm’s 50-day moving average is $57.66 and its 200 day moving average is $60.47. Envision Healthcare Corporation has a 12 month low of $49.56 and a 12 month high of $74.75. The company’s market capitalization is $5.88 billion.

Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. The business’s revenue was up 156.7% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Equities research analysts predict that Envision Healthcare Corporation will post $1.40 EPS for the current year.

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Several equities analysts have recently issued reports on EVHC shares. Zacks Investment Research lowered shares of Envision Healthcare Corporation from a “hold” rating to a “strong sell” rating in a report on Monday, May 8th. Royal Bank Of Canada boosted their price target on shares of Envision Healthcare Corporation from $72.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. BidaskClub raised shares of Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Jefferies Group LLC set a $75.00 price objective on shares of Envision Healthcare Corporation and gave the company a “buy” rating in a research report on Friday, April 21st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Envision Healthcare Corporation in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.56.

In other news, insider Robert Jon Coward sold 1,500 shares of Envision Healthcare Corporation stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $62.69, for a total transaction of $94,035.00. Following the completion of the transaction, the insider now directly owns 97,863 shares in the company, valued at $6,135,031.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

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.

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

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