Amedisys Inc (AMED) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan lifted its stake in Amedisys Inc (NASDAQ:AMED) by 62.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,710 shares of the health services provider’s stock after purchasing an additional 4,120 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Amedisys were worth $599,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Federated Investors Inc. PA boosted its holdings in shares of Amedisys by 2.3% in the 2nd quarter. Federated Investors Inc. PA now owns 1,929 shares of the health services provider’s stock worth $122,000 after purchasing an additional 44 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Amedisys by 0.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 19,658 shares of the health services provider’s stock worth $1,235,000 after purchasing an additional 93 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Amedisys by 4.3% in the 2nd quarter. Suntrust Banks Inc. now owns 5,702 shares of the health services provider’s stock worth $358,000 after purchasing an additional 237 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Amedisys by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 20,439 shares of the health services provider’s stock worth $1,284,000 after purchasing an additional 243 shares during the period. Finally, ETRADE Capital Management LLC boosted its holdings in shares of Amedisys by 4.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 6,409 shares of the health services provider’s stock worth $403,000 after purchasing an additional 285 shares during the period. Hedge funds and other institutional investors own 94.37% of the company’s stock.

Shares of Amedisys Inc (NASDAQ:AMED) opened at $52.87 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1,790.00, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.31 and a beta of 0.68. Amedisys Inc has a 1 year low of $38.00 and a 1 year high of $65.91.

Amedisys (NASDAQ:AMED) last issued its earnings results on Tuesday, November 7th. The health services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The business had revenue of $380.20 million during the quarter, compared to analyst estimates of $384.59 million. Amedisys had a return on equity of 14.68% and a net margin of 2.88%. Amedisys’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. equities research analysts predict that Amedisys Inc will post 2.23 earnings per share for the current year.

A number of brokerages recently issued reports on AMED. BidaskClub lowered Amedisys from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Robert W. Baird reissued a “hold” rating and set a $50.00 price target on shares of Amedisys in a research note on Wednesday, October 4th. Benchmark reissued a “hold” rating on shares of Amedisys in a research note on Thursday, November 9th. Mizuho reissued a “buy” rating and set a $65.00 price target (up from $55.00) on shares of Amedisys in a research note on Wednesday, November 8th. Finally, William Blair reissued an “outperform” rating on shares of Amedisys in a research note on Tuesday, November 21st. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.00.

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About Amedisys

Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.

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Institutional Ownership by Quarter for Amedisys (NASDAQ:AMED)

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