ValuEngine Upgrades Apollo Medical (NASDAQ:AMEH) to Buy

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ValuEngine upgraded shares of Apollo Medical (NASDAQ:AMEH) from a hold rating to a buy rating in a report issued on Friday, ValuEngine reports.

Several other research analysts have also commented on the stock. TheStreet upgraded shares of Apollo Medical from a d rating to a c- rating in a research note on Friday, June 28th. Zacks Investment Research upgraded shares of Apollo Medical from a strong sell rating to a hold rating in a research note on Tuesday, May 28th.

Shares of AMEH opened at $14.52 on Friday. The business’s fifty day simple moving average is $15.50. Apollo Medical has a 12 month low of $13.36 and a 12 month high of $25.54. The firm has a market cap of $533.47 million, a price-to-earnings ratio of 64.61, a price-to-earnings-growth ratio of 4.37 and a beta of -0.80. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.11.

In related news, insider Adrian Vazquez sold 85,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $16.35, for a total transaction of $1,389,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Chin acquired 2,040 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $14.72 per share, with a total value of $30,028.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 26,036 shares of company stock valued at $375,418. 11.83% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of AMEH. Great West Life Assurance Co. Can bought a new stake in shares of Apollo Medical during the 4th quarter worth $99,000. SG Americas Securities LLC bought a new stake in shares of Apollo Medical during the 1st quarter worth $106,000. Strs Ohio boosted its holdings in Apollo Medical by 7.7% in the 2nd quarter. Strs Ohio now owns 15,400 shares of the company’s stock valued at $257,000 after purchasing an additional 1,100 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Apollo Medical by 154.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 32,242 shares of the company’s stock valued at $640,000 after purchasing an additional 19,561 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Apollo Medical by 63.4% in the 4th quarter. Bank of New York Mellon Corp now owns 59,862 shares of the company’s stock valued at $1,188,000 after purchasing an additional 23,217 shares during the period. 6.63% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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