Trading Report: The Vanguard Group Inc. invests in Envision Healthcare Holdings Inc. (EVHC) Shares

The Vanguard Group Inc. invests in Envision Healthcare Holdings Inc. (EVHC) Shares

Vanguard Group Inc. boosted its position in Envision Healthcare Holdings Inc. (NYSE:EVHC) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,605,505 shares of the company’s stock after buying an additional 392,668 shares during the period. Vanguard Group Inc. owned about 7.27% of Envision Healthcare Holdings worth $345,171,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EVHC. IBM Retirement Fund boosted its position in Envision Healthcare Holdings by 0.4% in the second quarter. IBM Retirement Fund now owns 18,798 shares of the company’s stock worth $477,000 after buying an additional 68 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in Envision Healthcare Holdings by 1.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,559 shares of the company’s stock worth $318,000 after buying an additional 162 shares during the period. Nordea Investment Management AB boosted its position in Envision Healthcare Holdings by 9.8% in the second quarter. Nordea Investment Management AB now owns 5,457 shares of the company’s stock worth $138,000 after buying an additional 488 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Envision Healthcare Holdings by 1.9% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,470 shares of the company’s stock worth $672,000 after buying an additional 493 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Envision Healthcare Holdings by 11.9% in the second quarter. Daiwa Securities Group Inc. now owns 4,700 shares of the company’s stock worth $119,000 after buying an additional 500 shares during the period.

Shares of Envision Healthcare Holdings Inc. (NYSE:EVHC) traded down 0.41% during midday trading on Friday, hitting $21.94. The stock had a trading volume of 1,186,820 shares. The firm has a 50-day moving average price of $21.71 and a 200-day moving average price of $23.16. Envision Healthcare Holdings Inc. has a 1-year low of $18.31 and a 1-year high of $38.64. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 36.57 and a beta of 0.42.

Envision Healthcare Holdings (NYSE:EVHC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business earned $1.64 billion during the quarter, compared to analyst estimates of $1.66 billion. Envision Healthcare Holdings had a return on equity of 11.74% and a net margin of 1.88%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. On average, equities analysts anticipate that Envision Healthcare Holdings Inc. will post $1.43 EPS for the current fiscal year.

A number of research firms have recently weighed in on EVHC. Zacks Investment Research raised Envision Healthcare Holdings from a “sell” rating to a “hold” rating in a report on Thursday, September 29th. Citigroup Inc. raised Envision Healthcare Holdings from a “neutral” rating to a “buy” rating and cut their price target for the stock from $27.00 to $26.00 in a report on Monday, September 26th. Cantor Fitzgerald reissued a “buy” rating and issued a $31.00 price target on shares of Envision Healthcare Holdings in a report on Thursday, September 8th. Jefferies Group reiterated a “buy” rating on shares of Envision Healthcare Holdings in a research note on Tuesday, September 6th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $32.00 target price on shares of Envision Healthcare Holdings in a research note on Friday, August 5th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Envision Healthcare Holdings currently has an average rating of “Buy” and a consensus price target of $30.85.

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