Envision Healthcare Corporation (NYSE:EVHC) Shares Sold by GAM Holding AG

GAM Holding AG decreased its position in shares of Envision Healthcare Corporation (NYSE:EVHC) by 30.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,641 shares of the company’s stock after selling 2,512 shares during the quarter. GAM Holding AG’s holdings in Envision Healthcare Corporation were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Gateway Investment Advisers LLC boosted its holdings in Envision Healthcare Corporation by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 7,086 shares of the company’s stock worth $444,000 after purchasing an additional 18 shares during the last quarter. ING Groep NV boosted its holdings in Envision Healthcare Corporation by 0.3% in the second quarter. ING Groep NV now owns 6,022 shares of the company’s stock worth $377,000 after purchasing an additional 21 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Envision Healthcare Corporation by 0.4% in the second quarter. CIBC Asset Management Inc now owns 10,078 shares of the company’s stock worth $632,000 after purchasing an additional 38 shares during the last quarter. Arizona State Retirement System boosted its holdings in Envision Healthcare Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 29,100 shares of the company’s stock worth $1,784,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Envision Healthcare Corporation by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock worth $457,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 64.75% of the company’s stock.

In other news, insider Robert Jon Coward sold 1,500 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $62.69, for a total value of $94,035.00. Following the completion of the sale, the insider now directly owns 97,863 shares in the company, valued at $6,135,031.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by corporate insiders.

Several research analysts have weighed in on EVHC shares. Mizuho decreased their price target on shares of Envision Healthcare Corporation from $70.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $72.00 price target on shares of Envision Healthcare Corporation in a research report on Monday, June 5th. BidaskClub upgraded shares of Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, July 4th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $80.00 price objective on shares of Envision Healthcare Corporation in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $71.56.

Envision Healthcare Corporation (NYSE:EVHC) opened at 44.69 on Friday. The company’s 50 day moving average is $51.35 and its 200-day moving average is $57.40. The stock’s market capitalization is $5.23 billion. Envision Healthcare Corporation has a 1-year low of $42.91 and a 1-year high of $74.75.

Envision Healthcare Corporation (NYSE:EVHC) last issued its earnings results on Monday, August 7th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 156.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. Analysts forecast that Envision Healthcare Corporation will post $1.40 earnings per share for the current fiscal year.

Envision Healthcare Corporation announced that its Board of Directors has initiated a share buyback plan on Monday, September 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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Envision Healthcare Corporation Company 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.

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

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