Envision Healthcare Corporation (EVHC) Stake Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in shares of Envision Healthcare Corporation (NYSE:EVHC) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,876 shares of the company’s stock after selling 4,601 shares during the quarter. Public Employees Retirement System of Ohio owned 0.19% of Envision Healthcare Corporation worth $13,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EVHC. BlackRock Inc. boosted its position in shares of Envision Healthcare Corporation by 3,895.0% during the first quarter. BlackRock Inc. now owns 7,197,631 shares of the company’s stock worth $441,359,000 after purchasing an additional 7,017,467 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Envision Healthcare Corporation by 36,086.8% during the second quarter. Janus Henderson Group PLC now owns 3,945,087 shares of the company’s stock worth $247,239,000 after purchasing an additional 3,934,185 shares in the last quarter. Maverick Capital Ltd. boosted its position in shares of Envision Healthcare Corporation by 66.2% during the second quarter. Maverick Capital Ltd. now owns 5,093,292 shares of the company’s stock worth $319,197,000 after purchasing an additional 2,028,026 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Envision Healthcare Corporation by 63.7% during the first quarter. Janus Capital Management LLC now owns 2,712,066 shares of the company’s stock worth $167,536,000 after purchasing an additional 1,055,014 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Envision Healthcare Corporation during the second quarter worth $45,892,000.

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A number of equities analysts have recently weighed in on EVHC shares. Zacks Investment Research raised shares of Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC set a $71.00 price target on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada raised their price objective on shares of Envision Healthcare Corporation from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, June 27th. Cantor Fitzgerald restated a “buy” rating and set a $80.00 price objective on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. Finally, Bank of America Corporation dropped their price objective on shares of Envision Healthcare Corporation from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.00.

Shares of Envision Healthcare Corporation (NYSE EVHC) traded down 0.72% during midday trading on Wednesday, reaching $41.48. 157,797 shares of the company’s stock traded hands. The company has a 50 day moving average of $46.50 and a 200 day moving average of $54.68. Envision Healthcare Corporation has a 52-week low of $39.66 and a 52-week high of $74.75. The firm’s market cap is $4.86 billion.

Envision Healthcare Corporation (NYSE:EVHC) last issued its earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. Envision Healthcare Corporation’s revenue was up 156.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.

Envision Healthcare Corporation declared that its Board of Directors has initiated a stock buyback program on Monday, September 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs ar

Several other hedge funds and other institutional investors have also recently made changes to their positions in EVHC. BlackRock Inc. boosted its position in shares of Envision Healthcare Corporation by 3,895.0% during the first quarter. BlackRock Inc. now owns 7,197,631 shares of the company’s stock worth $441,359,000 after purchasing an additional 7,017,467 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Envision Healthcare Corporation by 36,086.8% during the second quarter. Janus Henderson Group PLC now owns 3,945,087 shares of the company’s stock worth $247,239,000 after purchasing an additional 3,934,185 shares in the last quarter. Maverick Capital Ltd. boosted its position in shares of Envision Healthcare Corporation by 66.2% during the second quarter. Maverick Capital Ltd. now owns 5,093,292 shares of the company’s stock worth $319,197,000 after purchasing an additional 2,028,026 shares in the last quarter. Janus Capital Management LLC boosted its position in shares of Envision Healthcare Corporation by 63.7% during the first quarter. Janus Capital Management LLC now owns 2,712,066 shares of the company’s stock worth $167,536,000 after purchasing an additional 1,055,014 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Envision Healthcare Corporation during the second quarter worth $45,892,000.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/18/envision-healthcare-corporation-evhc-stake-decreased-by-public-employees-retirement-system-of-ohio.html.

A number of equities analysts have recently weighed in on EVHC shares. Zacks Investment Research raised shares of Envision Healthcare Corporation from a “strong sell” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC set a $71.00 price target on shares of Envision Healthcare Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada raised their price objective on shares of Envision Healthcare Corporation from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, June 27th. Cantor Fitzgerald restated a “buy” rating and set a $80.00 price objective on shares of Envision Healthcare Corporation in a report on Tuesday, July 4th. Finally, Bank of America Corporation dropped their price objective on shares of Envision Healthcare Corporation from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $73.00.

Shares of Envision Healthcare Corporation (NYSE EVHC) traded down 0.72% during midday trading on Wednesday, reaching $41.48. 157,797 shares of the company’s stock traded hands. The company has a 50 day moving average of $46.50 and a 200 day moving average of $54.68. Envision Healthcare Corporation has a 52-week low of $39.66 and a 52-week high of $74.75. The firm’s market cap is $4.86 billion.

Envision Healthcare Corporation (NYSE:EVHC) last issued its earnings results on Monday, August 7th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Envision Healthcare Corporation had a negative net margin of 7.35% and a positive return on equity of 5.35%. Envision Healthcare Corporation’s revenue was up 156.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Envision Healthcare Corporation will post $1.40 EPS for the current fiscal year.

Envision Healthcare Corporation declared that its Board of Directors has initiated a stock buyback program on Monday, September 18th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Envision Healthcare Corporation Company 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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Institutional Ownership by Quarter for Envision Healthcare Corporation (NYSE:EVHC)

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