California Public Employees Retirement System lifted its holdings in shares of Envision Healthcare Co. (NYSE:EVHC) by 25.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 316,823 shares of the company’s stock after acquiring an additional 64,936 shares during the quarter. California Public Employees Retirement System’s holdings in Envision Healthcare were worth $10,949,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stonebridge Capital Management Inc. raised its position in shares of Envision Healthcare by 87.0% during the third quarter. Stonebridge Capital Management Inc. now owns 30,329 shares of the company’s stock worth $1,364,000 after purchasing an additional 14,111 shares during the period. CI Investments Inc. acquired a new stake in Envision Healthcare in the 3rd quarter valued at approximately $9,084,000. Wells Fargo & Company MN raised its position in Envision Healthcare by 11.2% in the 3rd quarter. Wells Fargo & Company MN now owns 917,418 shares of the company’s stock valued at $41,238,000 after buying an additional 92,339 shares during the last quarter. OZ Management LP acquired a new stake in Envision Healthcare in the 3rd quarter valued at approximately $131,987,000. Finally, Hexavest Inc. raised its position in Envision Healthcare by 1.1% in the 4th quarter. Hexavest Inc. now owns 655,516 shares of the company’s stock valued at $22,655,000 after buying an additional 7,270 shares during the last quarter.
A number of equities research analysts recently issued reports on the company. Citigroup lowered Envision Healthcare from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research report on Thursday, November 2nd. Mizuho set a $35.00 target price on Envision Healthcare and gave the company a “hold” rating in a research report on Wednesday, January 24th. Piper Jaffray Companies assumed coverage on Envision Healthcare in a research report on Wednesday, December 13th. They issued a “neutral” rating and a $35.00 target price on the stock. KeyCorp dropped their target price on Envision Healthcare from $67.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $32.00 target price (down previously from $68.00) on shares of Envision Healthcare in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Envision Healthcare currently has a consensus rating of “Hold” and a consensus price target of $43.63.
Envision Healthcare (NYSE:EVHC) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.14. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Envision Healthcare had a positive return on equity of 4.64% and a negative net margin of 2.52%. The business’s quarterly revenue was up 68.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 EPS. sell-side analysts forecast that Envision Healthcare Co. will post 3.23 earnings per share for the current fiscal year.
Envision Healthcare 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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