Copper Rock Capital Partners LLC Has $31.39 Million Position in Amedisys Inc (AMED)

Copper Rock Capital Partners LLC boosted its stake in Amedisys Inc (NASDAQ:AMED) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 596,014 shares of the health services provider’s stock after acquiring an additional 20,699 shares during the period. Amedisys accounts for 2.0% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 25th biggest position. Copper Rock Capital Partners LLC’s holdings in Amedisys were worth $31,386,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its holdings in Amedisys by 23.9% in the second quarter. UBS Asset Management Americas Inc. now owns 14,572 shares of the health services provider’s stock valued at $915,000 after acquiring an additional 2,812 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Amedisys by 29.7% in the third quarter. Wells Fargo & Company MN now owns 1,484,041 shares of the health services provider’s stock valued at $83,048,000 after acquiring an additional 339,825 shares during the last quarter. Castleark Management LLC bought a new stake in Amedisys in the second quarter valued at approximately $3,674,000. Assenagon Asset Management S.A. bought a new stake in Amedisys in the third quarter valued at approximately $1,212,000. Finally, Bank of New York Mellon Corp boosted its holdings in Amedisys by 10.8% in the third quarter. Bank of New York Mellon Corp now owns 846,575 shares of the health services provider’s stock valued at $47,375,000 after acquiring an additional 82,247 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Shares of Amedisys Inc (NASDAQ AMED) traded down $2.38 on Monday, reaching $50.51. The company’s stock had a trading volume of 356,192 shares, compared to its average volume of 325,160. Amedisys Inc has a 12-month low of $42.05 and a 12-month high of $65.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $1,794.91, a price-to-earnings ratio of 40.41, a PEG ratio of 1.13 and a beta of 0.71.

Amedisys (NASDAQ:AMED) last issued its quarterly earnings results on Tuesday, November 7th. The health services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Amedisys had a return on equity of 14.68% and a net margin of 2.88%. The firm had revenue of $380.20 million for the quarter, compared to analyst estimates of $384.59 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. equities research analysts expect that Amedisys Inc will post 2.24 EPS for the current fiscal year.

Several brokerages recently commented on AMED. Oppenheimer reiterated a “buy” rating and issued a $60.00 target price on shares of Amedisys in a report on Friday, September 15th. Royal Bank of Canada reiterated a “hold” rating on shares of Amedisys in a report on Monday, October 23rd. Mizuho reiterated a “buy” rating and issued a $65.00 target price (up from $55.00) on shares of Amedisys in a report on Wednesday, November 8th. SunTrust Banks reiterated a “buy” rating and issued a $70.00 target price on shares of Amedisys in a report on Friday, November 10th. Finally, Robert W. Baird upped their target price on Amedisys from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Amedisys presently has a consensus rating of “Buy” and a consensus price target of $61.00.

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Amedisys Company Profile

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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