First Bank & Trust Has $334,000 Position in Envision Healthcare Corporation (EVHC)

First Bank & Trust boosted its stake in shares of Envision Healthcare Corporation (NYSE:EVHC) by 32.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,425 shares of the company’s stock after purchasing an additional 1,827 shares during the quarter. First Bank & Trust’s holdings in Envision Healthcare Corporation were worth $334,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EVHC. Principal Financial Group Inc. boosted its position in Envision Healthcare Corporation by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 180,861 shares of the company’s stock valued at $11,090,000 after purchasing an additional 7,782 shares during the period. Teachers Advisors LLC boosted its position in Envision Healthcare Corporation by 1.0% during the 1st quarter. Teachers Advisors LLC now owns 329,462 shares of the company’s stock valued at $20,203,000 after purchasing an additional 3,230 shares during the period. New York State Teachers Retirement System boosted its position in Envision Healthcare Corporation by 4.5% during the 1st quarter. New York State Teachers Retirement System now owns 95,987 shares of the company’s stock valued at $5,886,000 after purchasing an additional 4,109 shares during the period. BlackRock Inc. boosted its position in Envision Healthcare Corporation by 3,895.0% during the 1st quarter. BlackRock Inc. now owns 7,197,631 shares of the company’s stock valued at $441,359,000 after purchasing an additional 7,017,467 shares during the period. Finally, Bank of America Corp DE boosted its position in Envision Healthcare Corporation by 52.9% during the 1st quarter. Bank of America Corp DE now owns 584,310 shares of the company’s stock valued at $35,829,000 after purchasing an additional 202,201 shares during the period.

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EVHC has been the topic of several recent analyst reports. Zacks Investment Research raised Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday, July 4th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $80.00 target price on shares of Envision Healthcare Corporation in a research note on Tuesday, July 4th. BidaskClub downgraded Envision Healthcare Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Mizuho cut their target price on Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC set a $71.00 target price on Envision Healthcare Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $73.00.

Envision Healthcare Corporation (NYSE EVHC) traded up 0.30% during mid-day trading on Friday, hitting $43.40. The stock had a trading volume of 1,881,586 shares. The stock has a 50 day moving average of $44.58 and a 200-day moving average of $53.51. The firm’s market cap is $5.08 billion. Envision Healthcare Corporation has a 1-year low of $39.66 and a 1-year high of $74.75.

Envision Healthcare Corporation (NYSE:EVHC) last released its quarterly earnings results on Monday, August 7th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a positive return on equity of 5.35% and a negative net margin of 7.35%. Envision Healthcare Corporation’s revenue for the quarter was up 156.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. Analysts predict that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.

Envision Healthcare Corporation announced that its board has approved a share buyback program on Monday, September 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Envision Healthcare Corporation 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.

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

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