Envision Healthcare Corporation Sees Unusually Large Options Volume (EVHC)

Envision Healthcare Corporation (NYSE:EVHC) saw some unusual options trading on Thursday. Stock investors acquired 4,031 put options on the stock. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.

Several equities research analysts recently commented on the company. Oppenheimer Holdings, Inc. cut their target price on Envision Healthcare Corporation from $77.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Envision Healthcare Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Mizuho cut their target price on Envision Healthcare Corporation from $65.00 to $57.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. KeyCorp cut their target price on Envision Healthcare Corporation from $67.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Finally, BidaskClub lowered Envision Healthcare Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given 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 $49.21.

Envision Healthcare Corporation (EVHC) opened at $25.86 on Tuesday. The stock has a market capitalization of $3,016.19, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.65 and a beta of 0.69. 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 Corporation has a fifty-two week low of $23.77 and a fifty-two week high of $74.75.

Envision Healthcare Corporation (NYSE:EVHC) last posted its earnings results on Tuesday, October 31st. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.08). Envision Healthcare Corporation had a negative net margin of 6.39% and a positive return on equity of 4.88%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $1.13 EPS. The firm’s revenue for the quarter was up 142.0% compared to the same quarter last year. equities analysts expect that Envision Healthcare Corporation will post 2.56 EPS for the current year.

Envision Healthcare Corporation declared that its board has authorized a share buyback plan on Monday, September 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Several hedge funds have recently bought and sold shares of EVHC. Commonwealth Bank of Australia lifted its holdings in shares of Envision Healthcare Corporation by 24.3% in the second quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock valued at $130,000 after purchasing an additional 410 shares in the last quarter. LMR Partners LLP bought a new position in shares of Envision Healthcare Corporation in the second quarter valued at approximately $205,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Envision Healthcare Corporation by 54.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,401 shares of the company’s stock valued at $209,000 after purchasing an additional 1,200 shares in the last quarter. Palisade Capital Management LLC NJ bought a new position in shares of Envision Healthcare Corporation in the third quarter valued at approximately $229,000. Finally, Cutter & CO Brokerage Inc. lifted its holdings in shares of Envision Healthcare Corporation by 11.1% in the second quarter. Cutter & CO Brokerage Inc. now owns 3,668 shares of the company’s stock valued at $230,000 after purchasing an additional 367 shares in the last quarter.

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About Envision Healthcare Corporation

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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