Principal Financial Group Inc. increased its position in shares of Envision Healthcare Co. (NYSE:EVHC) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,296 shares of the company’s stock after purchasing an additional 2,799 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of Envision Healthcare worth $8,194,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ING Groep NV grew its position in Envision Healthcare by 0.3% during the second quarter. ING Groep NV now owns 6,022 shares of the company’s stock worth $377,000 after buying an additional 21 shares during the period. CIBC Asset Management Inc grew its position in Envision Healthcare by 0.4% during the second quarter. CIBC Asset Management Inc now owns 10,078 shares of the company’s stock worth $632,000 after buying an additional 38 shares during the period. Sawtooth Solutions LLC grew its position in Envision Healthcare by 0.7% during the second quarter. Sawtooth Solutions LLC now owns 6,656 shares of the company’s stock worth $417,000 after buying an additional 43 shares during the period. Boys Arnold & Co. Inc. grew its position in shares of Envision Healthcare by 0.6% in the second quarter. Boys Arnold & Co. Inc. now owns 8,125 shares of the company’s stock valued at $509,000 after purchasing an additional 50 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Envision Healthcare by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,848 shares of the company’s stock valued at $304,000 after purchasing an additional 70 shares during the last quarter.
Shares of Envision Healthcare Co. (EVHC) opened at $30.53 on Thursday. The company has a quick ratio of 3.00, a current ratio of 3.01 and a debt-to-equity ratio of 0.89. Envision Healthcare Co. has a fifty-two week low of $23.77 and a fifty-two week high of $73.72. The stock has a market cap of $3,775.37, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.81 and a beta of 0.57.
Envision Healthcare announced that its Board of Directors has authorized a share repurchase plan on Monday, September 18th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
EVHC has been the topic of several research reports. Robert W. Baird reiterated a “buy” rating and issued a $70.00 price target on shares of Envision Healthcare in a research report on Tuesday, October 17th. SunTrust Banks set a $55.00 price target on shares of Envision Healthcare and gave the stock a “buy” rating in a research note on Sunday, October 15th. Bank of America dropped their price target on shares of Envision Healthcare from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, October 9th. Jefferies Group set a $71.00 price objective on shares of Envision Healthcare and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, KeyCorp set a $67.00 price target on shares of Envision Healthcare and gave the company a “buy” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Envision Healthcare has a consensus rating of “Buy” and an average target price of $47.57.
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Envision Healthcare 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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