SG Americas Securities LLC Invests $156,000 in Evolent Health Inc (EVH) Stock

SG Americas Securities LLC acquired a new position in shares of Evolent Health Inc (NYSE:EVH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,756 shares of the technology company’s stock, valued at approximately $156,000.

Several other hedge funds have also recently bought and sold shares of EVH. ETF Managers Group LLC acquired a new position in shares of Evolent Health during the second quarter worth about $102,000. BNP Paribas Arbitrage SA boosted its position in shares of Evolent Health by 815.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,751 shares of the technology company’s stock worth $120,000 after buying an additional 4,232 shares during the period. IPG Investment Advisors LLC acquired a new position in shares of Evolent Health during the third quarter worth about $195,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Evolent Health during the third quarter worth about $205,000. Finally, Royal Bank of Canada raised its holdings in Evolent Health by 1,197.8% during the second quarter. Royal Bank of Canada now owns 8,293 shares of the technology company’s stock worth $210,000 after acquiring an additional 7,654 shares in the last quarter. 95.38% of the stock is owned by institutional investors.

Shares of Evolent Health Inc (EVH) opened at $13.45 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.34 and a quick ratio of 3.34. The stock has a market capitalization of $1,040.00 and a P/E ratio of -11.80. Evolent Health Inc has a 52 week low of $10.30 and a 52 week high of $27.50.

Evolent Health (NYSE:EVH) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.04. The firm had revenue of $107.90 million for the quarter, compared to analyst estimates of $104.49 million. Evolent Health had a negative return on equity of 5.05% and a negative net margin of 15.86%. The business’s revenue for the quarter was up 79.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.26) earnings per share. equities research analysts forecast that Evolent Health Inc will post -0.57 EPS for the current fiscal year.

Several analysts recently issued reports on EVH shares. Leerink Swann set a $25.00 target price on Evolent Health and gave the stock a “buy” rating in a report on Saturday, November 18th. Jefferies Group reiterated a “buy” rating and set a $28.00 target price on shares of Evolent Health in a report on Wednesday, September 6th. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 target price on shares of Evolent Health in a report on Thursday, November 2nd. SunTrust Banks reiterated a “buy” rating and set a $30.00 target price on shares of Evolent Health in a report on Friday, November 3rd. Finally, KeyCorp started coverage on Evolent Health in a report on Tuesday, September 19th. They set an “overweight” rating and a $23.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $28.00.

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Evolent Health 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.

Institutional Ownership by Quarter for Evolent Health (NYSE:EVH)

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