Evolent Health Inc (EVH) Stake Decreased by Sectoral Asset Management Inc
Sectoral Asset Management Inc cut its position in shares of Evolent Health Inc (NYSE:EVH) by 24.6% during the 4th quarter, Holdings Channel reports. The firm owned 491,982 shares of the technology company’s stock after selling 160,698 shares during the quarter. Sectoral Asset Management Inc’s holdings in Evolent Health were worth $6,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in EVH. Parametric Portfolio Associates LLC boosted its holdings in shares of Evolent Health by 552.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 62,295 shares of the technology company’s stock worth $1,579,000 after buying an additional 52,746 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Evolent Health during the 2nd quarter worth about $2,912,000. Voya Investment Management LLC bought a new stake in shares of Evolent Health during the 2nd quarter worth about $447,000. Royal Bank of Canada boosted its holdings in shares of Evolent Health by 1,197.8% during the 2nd quarter. Royal Bank of Canada now owns 8,293 shares of the technology company’s stock worth $210,000 after buying an additional 7,654 shares during the period. Finally, State Street Corp boosted its holdings in shares of Evolent Health by 142.1% during the 2nd quarter. State Street Corp now owns 678,288 shares of the technology company’s stock worth $17,194,000 after buying an additional 398,098 shares during the period. Institutional investors own 99.96% of the company’s stock.
Shares of Evolent Health Inc (NYSE:EVH) opened at $15.30 on Monday. Evolent Health Inc has a twelve month low of $10.30 and a twelve month high of $27.50. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.11.
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About Evolent Health
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.
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