Mesirow Financial Investment Management Equity Management decreased its holdings in Envision Healthcare Corporation (NYSE:EVHC) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,385 shares of the company’s stock after selling 1,225 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in Envision Healthcare Corporation were worth $1,187,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EVHC. Commonwealth Bank of Australia raised its holdings in Envision Healthcare Corporation by 24.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,096 shares of the company’s stock valued at $130,000 after acquiring an additional 410 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Envision Healthcare Corporation in the 2nd quarter valued at approximately $205,000. Cutter & CO Brokerage Inc. grew its stake in shares of Envision Healthcare Corporation by 11.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,668 shares of the company’s stock valued at $230,000 after buying an additional 367 shares during the period. HighTower Advisors LLC grew its stake in shares of Envision Healthcare Corporation by 5.6% in the 1st quarter. HighTower Advisors LLC now owns 4,541 shares of the company’s stock valued at $274,000 after buying an additional 240 shares during the period. Finally, Flinton Capital Management LLC grew its stake in shares of Envision Healthcare Corporation by 18.7% in the 2nd quarter. Flinton Capital Management LLC now owns 4,464 shares of the company’s stock valued at $280,000 after buying an additional 704 shares during the period.

Several analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. dropped their price target on shares of Envision Healthcare Corporation from $77.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday. KeyCorp dropped their price target on shares of Envision Healthcare Corporation from $67.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday. Canaccord Genuity reissued a “buy” rating and issued a $32.00 price target (down previously from $68.00) on shares of Envision Healthcare Corporation in a research note on Thursday. Citigroup Inc. cut shares of Envision Healthcare Corporation from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Thursday. Finally, Stephens cut shares of Envision Healthcare Corporation from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $51.71.

Envision Healthcare Corporation (NYSE:EVHC) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.08). Envision Healthcare Corporation had a positive return on equity of 4.88% and a negative net margin of 6.39%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 142.0% on a year-over-year basis.

Envision Healthcare Corporation declared that its Board of Directors has approved a stock repurchase program on Monday, September 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Envision Healthcare Corporation 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.

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

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