Toronto Dominion Bank Acquires 525,579 Shares of Envision Healthcare Corp (EVHC)

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Toronto Dominion Bank lifted its holdings in shares of Envision Healthcare Corp (NYSE:EVHC) by 805.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 590,796 shares of the company’s stock after buying an additional 525,579 shares during the period. Toronto Dominion Bank owned 0.49% of Envision Healthcare worth $25,995,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Roystone Capital Management LP raised its holdings in shares of Envision Healthcare by 88.8% during the first quarter. Roystone Capital Management LP now owns 2,123,300 shares of the company’s stock valued at $81,598,000 after acquiring an additional 998,500 shares during the period. Neuberger Berman Group LLC grew its position in Envision Healthcare by 16.3% in the first quarter. Neuberger Berman Group LLC now owns 1,771,362 shares of the company’s stock worth $68,074,000 after acquiring an additional 247,802 shares in the last quarter. JPMorgan Chase & Co. grew its position in Envision Healthcare by 2,034.5% in the first quarter. JPMorgan Chase & Co. now owns 1,683,555 shares of the company’s stock worth $64,698,000 after acquiring an additional 1,604,680 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Envision Healthcare by 12.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,431,002 shares of the company’s stock worth $54,993,000 after acquiring an additional 159,397 shares in the last quarter. Finally, Boston Partners grew its position in Envision Healthcare by 1.7% in the second quarter. Boston Partners now owns 1,037,548 shares of the company’s stock worth $45,662,000 after acquiring an additional 16,991 shares in the last quarter.

EVHC has been the subject of several recent research reports. Zacks Investment Research raised shares of Envision Healthcare from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Friday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $46.00 price objective on shares of Envision Healthcare in a report on Friday, August 10th. Canaccord Genuity downgraded shares of Envision Healthcare from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $48.00 to $46.00 in a report on Tuesday, June 12th. SunTrust Banks downgraded shares of Envision Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. Finally, Raymond James reissued a “market perform” rating and issued a $51.00 price target on shares of Envision Healthcare in a report on Tuesday, June 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Envision Healthcare has an average rating of “Hold” and an average target price of $42.28.

Shares of Envision Healthcare stock opened at $45.39 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.44 and a debt-to-equity ratio of 0.87. The stock has a market cap of $5.51 billion, a P/E ratio of 18.30, a PEG ratio of 1.16 and a beta of 0.34. Envision Healthcare Corp has a 12-month low of $23.77 and a 12-month high of $51.12.

Envision Healthcare (NYSE:EVHC) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.05. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Envision Healthcare had a negative net margin of 18.81% and a positive return on equity of 5.04%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. equities research analysts forecast that Envision Healthcare Corp will post 3.4 EPS for the current fiscal year.

Envision Healthcare Company Profile

Envision Healthcare Corporation, through its subsidiaries, provides various healthcare services in the United States. The company operates through two segments, Physician Services and Ambulatory Services. As of December 31, 2017, its physician-led services encompassed providers at approximately 1,800 clinical departments at healthcare facilities in 45 states and the District of Columbia that include emergency department and hospitalist, anesthesiology, radiology/tele-radiology, and children's services.

Further Reading: Fundamental Analysis and Individual Investors

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

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