Sumitomo Mitsui Asset Management Company LTD Decreases Position in Envision Healthcare Corporation (EVHC)

Sumitomo Mitsui Asset Management Company LTD lowered its stake in shares of Envision Healthcare Corporation (NYSE:EVHC) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,707 shares of the company’s stock after selling 40 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Envision Healthcare Corporation were worth $608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Envision Healthcare Corporation by 3,895.0% in the first quarter. BlackRock Inc. now owns 7,197,631 shares of the company’s stock worth $441,359,000 after buying an additional 7,017,467 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Envision Healthcare Corporation by 63.7% in the first quarter. Janus Capital Management LLC now owns 2,712,066 shares of the company’s stock worth $167,536,000 after buying an additional 1,055,014 shares in the last quarter. Hexavest Inc. acquired a new stake in shares of Envision Healthcare Corporation during the first quarter worth approximately $41,197,000. Vanguard Group Inc. boosted its stake in shares of Envision Healthcare Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 11,266,818 shares of the company’s stock worth $690,881,000 after buying an additional 433,593 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Envision Healthcare Corporation during the first quarter worth approximately $24,833,000. 64.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Envision Healthcare Corporation (NYSE EVHC) opened at 54.35 on Thursday. Envision Healthcare Corporation has a 52 week low of $53.12 and a 52 week high of $74.75. The stock has a 50 day moving average of $59.68 and a 200-day moving average of $61.26. The stock’s market capitalization is $6.31 billion.

Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates 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 firm’s revenue was up 156.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities research analysts expect that Envision Healthcare Corporation will post $1.40 EPS for the current year.

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A number of analysts have commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Envision Healthcare Corporation in a report on Monday, July 24th. Royal Bank Of Canada upped their target price 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. Zacks Investment Research raised shares of Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 target price for the company in a report on Tuesday, July 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 target price on shares of Envision Healthcare Corporation in a report on Tuesday, April 18th. Finally, BidaskClub raised shares of Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $71.56.

In other news, insider Robert Jon Coward sold 1,500 shares of the company’s stock in a transaction on 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 sale, the insider now owns 97,863 shares of the company’s stock, valued at $6,135,031.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by insiders.

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

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