Evolent Health Inc (NYSE:EVH) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 13,347,473 shares, a decline of 24.3% from the October 31st total of 17,633,685 shares. Currently, 20.7% of the company’s shares are sold short. Based on an average trading volume of 3,770,134 shares, the short-interest ratio is presently 3.5 days.
Shares of Evolent Health (EVH) opened at $12.85 on Monday. Evolent Health has a 52-week low of $10.30 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.34 and a quick ratio of 3.34.
Evolent Health (NYSE:EVH) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. The business had revenue of $107.90 million for the quarter, compared to analysts’ expectations of $104.49 million. Evolent Health had a negative net margin of 15.86% and a negative return on equity of 5.05%. The firm’s revenue was up 79.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.26) EPS. research analysts forecast that Evolent Health will post -0.57 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new stake in Evolent Health in the 2nd quarter valued at $102,000. BNP Paribas Arbitrage SA lifted its position in Evolent Health by 815.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,751 shares of the technology company’s stock valued at $120,000 after acquiring an additional 4,232 shares in the last quarter. SG Americas Securities LLC bought a new stake in Evolent Health in the 3rd quarter valued at $156,000. IPG Investment Advisors LLC bought a new stake in Evolent Health during the 3rd quarter worth about $195,000. Finally, First Mercantile Trust Co. bought a new stake in Evolent Health during the 2nd quarter worth about $198,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.
Evolent Health Company Profile
Evolent Health, Inc is engaged in healthcare delivery and payment. The Company supports health systems and physician organizations in their migration toward value-based care and population health management. The Company provides an end-to-end, technology-enabled services platform for providers. The Company’s platform, powered by its technology, processes and integrated services, enables providers to migrate their economic orientation from fee-for-service (FFS) reimbursement to payment models that reward value-based payment models.
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