Envision Healthcare Corporation (EVHC) Stake Maintained by Nordea Investment Management AB

Nordea Investment Management AB held its position in Envision Healthcare Corporation (NYSE:EVHC) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,341 shares of the company’s stock at the close of the second quarter. Nordea Investment Management AB’s holdings in Envision Healthcare Corporation were worth $209,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cibc World Markets Corp lifted its position in Envision Healthcare Corporation by 35.4% in the 2nd quarter. Cibc World Markets Corp now owns 16,592 shares of the company’s stock valued at $1,040,000 after purchasing an additional 4,334 shares during the last quarter. M&T Bank Corp lifted its position in Envision Healthcare Corporation by 2.7% in the 2nd quarter. M&T Bank Corp now owns 5,420 shares of the company’s stock valued at $341,000 after purchasing an additional 141 shares during the last quarter. ShearLink Capital LLC lifted its position in Envision Healthcare Corporation by 9.6% in the 2nd quarter. ShearLink Capital LLC now owns 206,022 shares of the company’s stock valued at $12,911,000 after purchasing an additional 18,130 shares during the last quarter. Vanguard Group Inc. lifted its position in Envision Healthcare Corporation by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,471,402 shares of the company’s stock valued at $718,912,000 after purchasing an additional 204,584 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Envision Healthcare Corporation by 30.0% in the 2nd quarter. D.A. Davidson & CO. now owns 4,589 shares of the company’s stock valued at $287,000 after purchasing an additional 1,059 shares during the last quarter.

Several analysts recently weighed in on EVHC shares. BidaskClub upgraded shares of Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Royal Bank Of Canada lifted their price objective on shares of Envision Healthcare Corporation from $72.00 to $77.00 and gave the company an “outperform” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Tuesday, July 4th. Cantor Fitzgerald reiterated a “buy” rating and issued a $80.00 price objective on shares of Envision Healthcare Corporation in a research report on Tuesday, July 4th. Finally, Mizuho cut their price objective on shares of Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $75.33.

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Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 156.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS.

Envision Healthcare Corporation declared that its board has initiated a share repurchase plan on Monday, September 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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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