Broadview Advisors LLC Buys Shares of 169,850 Envision Healthcare (NYSE:EVHC)

  • Broadview Advisors LLC Buys Shares of 169,850 Envision Healthcare (NYSE:EVHC)

Broadview Advisors LLC Buys Shares of 169,850 Envision Healthcare (NYSE:EVHC)

The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.46.

Envision Healthcare (NYSE:EVHC) shares have been decreased to a Hold rating by equity research analysts at Robert W. Baird.

In the healthcare industry, Envision's buyout is the latest in a spate of mergers and acquisitions activity among physician networks, a business that has struggled in recent years to adapt to changes in how USA health insurers reimburse providers. Mason Street Advisors LLC now owns 16,232 shares of the company's stock valued at $995,000 after buying an additional 183 shares in the last quarter. Federated Investors Inc. PA now owns 2,753 shares of the company's stock valued at $106,000 after buying an additional 1,819 shares during the period. State Treasurer State of MI now owns 38,600 shares of the company's stock valued at $2,367,000 after buying an additional 200 shares in the last quarter.

Investors sold shares of Envision Healthcare (NYSE:EVHC) on strength during trading on Monday.

Analysts await Envision Healthcare Corporation (NYSE:EVHC) to report earnings on August, 6. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/envision-healthcare-corporation-nyse-evhc/, or calling toll free 877-LEGAL-90. The firm also took WebMD Health Corp private for about US$2.8 billion. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.07. The firm's quarterly revenue was up 10.6% on a year-over-year basis.

If you own shares of Envision Healthcare stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. Envision Healthcare had a net margin of 1.41% and a return on equity of 4.59%. Cantor Fitzgerald maintained the stock with "Hold" rating in Wednesday, February 21 report. PA increased its stake in shares of Envision Healthcare by 194.8% in the first quarter. The rating was maintained by Cantor Fitzgerald on Wednesday, March 14 with "Hold". The stock has "Hold" rating by Stephens on Monday, January 8. The company has an average rating of "Hold" and a consensus target price of $41.10.

Envision Healthcare Corporation, through its subsidiaries, provides various healthcare services in the United States. The firm operates through three reportable divisions: Physician Services, Medical Transportation, and Ambulatory Services. The Company's physician-led services encompass providers at approximately 1,500 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.