TheStreet lowers the Stock rating of Adeptus Health Inc. (ADPT)

TheStreet lowers the Stock rating of Adeptus Health Inc. (ADPT)

Adeptus Health Inc. (NYSE:ADPT) was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

A number of other equities analysts also recently weighed in on ADPT. Zacks Investment Research downgraded shares of Adeptus Health from a “buy” rating to a “strong sell” rating in a report on Wednesday, July 13th. Jefferies Group reissued a “buy” rating and issued a $113.00 price target (down from $125.00) on shares of Adeptus Health in a report on Monday, July 11th. Bank of America Corp. downgraded shares of Adeptus Health from a “buy” rating to an “underperform” rating in a report on Wednesday, November 2nd. Goldman Sachs Group Inc. set a $80.00 price target on shares of Adeptus Health and gave the stock a “buy” rating in a report on Thursday, September 8th. Finally, Stephens downgraded shares of Adeptus Health from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.80.

Adeptus Health (NYSE:ADPT) traded up 0.10% during midday trading on Tuesday, hitting $10.01. 324,080 shares of the stock were exchanged. Adeptus Health has a 1-year low of $7.91 and a 1-year high of $73.44. The company has a market capitalization of $164.11 million, a P/E ratio of 1.77 and a beta of 1.22. The company’s 50 day moving average is $22.87 and its 200 day moving average is $43.11.

Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its position in Adeptus Health by 2.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,990 shares of the company’s stock valued at $129,000 after buying an additional 70 shares during the period. Lebenthal Lisanti Capital Growth LLC boosted its position in Adeptus Health by 1.1% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 10,790 shares of the company’s stock valued at $557,000 after buying an additional 120 shares during the period. Loomis Sayles & Co. L P boosted its position in Adeptus Health by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 22,234 shares of the company’s stock valued at $1,235,000 after buying an additional 183 shares during the period. American International Group Inc. boosted its position in Adeptus Health by 2.7% in the third quarter. American International Group Inc. now owns 9,643 shares of the company’s stock valued at $415,000 after buying an additional 252 shares during the period. Finally, Mariner Investment Group LLC boosted its position in Adeptus Health by 1.3% in the second quarter. Mariner Investment Group LLC now owns 39,000 shares of the company’s stock valued at $2,015,000 after buying an additional 500 shares during the period.

Adeptus Health Company Profile

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