Apollo Medical Holdings Inc (NASDAQ:AMEH) Short Interest Up 11.9% in June

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Apollo Medical Holdings Inc (NASDAQ:AMEH) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 736,900 shares, an increase of 11.9% from the May 30th total of 658,600 shares. Currently, 3.1% of the company’s shares are sold short. Based on an average trading volume of 76,400 shares, the days-to-cover ratio is presently 9.6 days.

In related news, insider Kenneth T. Sim purchased 6,996 shares of Apollo Medical stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $101,442.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adrian Vazquez sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $16.35, for a total value of $1,389,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 26,036 shares of company stock worth $375,418. 16.88% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can purchased a new position in shares of Apollo Medical in the 4th quarter valued at approximately $99,000. BlackRock Inc. lifted its stake in shares of Apollo Medical by 8.7% in the 4th quarter. BlackRock Inc. now owns 353,218 shares of the company’s stock valued at $7,012,000 after purchasing an additional 28,411 shares during the period. Northern Trust Corp lifted its stake in shares of Apollo Medical by 33.2% in the 4th quarter. Northern Trust Corp now owns 111,883 shares of the company’s stock valued at $2,221,000 after purchasing an additional 27,894 shares during the period. Strs Ohio lifted its stake in shares of Apollo Medical by 98.6% in the 1st quarter. Strs Ohio now owns 14,300 shares of the company’s stock valued at $261,000 after purchasing an additional 7,100 shares during the period. Finally, Manchester Financial Inc. lifted its stake in shares of Apollo Medical by 18.5% in the 1st quarter. Manchester Financial Inc. now owns 92,621 shares of the company’s stock valued at $1,697,000 after purchasing an additional 14,453 shares during the period. Hedge funds and other institutional investors own 6.67% of the company’s stock.

Shares of AMEH stock opened at $14.84 on Tuesday. The company has a market cap of $542.24 million, a price-to-earnings ratio of 51.17, a P/E/G ratio of 4.46 and a beta of -0.78. Apollo Medical has a fifty-two week low of $13.36 and a fifty-two week high of $28.67. The stock has a 50 day simple moving average of $15.95. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.11.

A number of equities research analysts have recently weighed in on AMEH shares. TheStreet lowered The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. ValuEngine lowered Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th. Finally, Zacks Investment Research lowered Hanger from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th.

Apollo Medical Company Profile

Apollo Medical Holdings, Inc, a physician-centric integrated population health management company, provides medical care services. The company offers care coordination services to principal constituents of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.

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