IPC The Hospitalist Co. Insider Sells $263,900 in Stock (IPCM)
IPC The Hospitalist Co. (NASDAQ:IPCM) Insider Devra Shapiro sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $52.78, for a total transaction of $263,900.00. Following the completion of the transaction, the insider now directly owns 2,645 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
IPCM has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of IPC The Hospitalist Co. (NASDAQ:IPCM) in a research note to investors on Monday, July 29th. They now have a $70.00 price target on the stock, up previously from $68.00. Separately, analysts at Deutsche Bank downgraded shares of IPC The Hospitalist Co. (NASDAQ:IPCM) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 26th. They now have a GBX 48 ($0.75) price target on the stock. Finally, analysts at Piper Jaffray Cos. downgraded shares of IPC The Hospitalist Co. (NASDAQ:IPCM) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, June 25th. They now have a $50.00 price target on the stock.
Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $51.75.
Shares of IPC The Hospitalist Co. (NASDAQ:IPCM) traded up 0.51% during mid-day trading on Friday, hitting $52.85. The stock had a trading volume of 42,485 shares. IPC The Hospitalist Co. has a 52-week low of $33.10 and a 52-week high of $55.49. The stock’s 50-day moving average is $52.0 and its 200-day moving average is $48.31. The company has a market cap of $890.2 million and a P/E ratio of 23.04.
IPC The Hospitalist Co. (NASDAQ:IPCM) last announced its earnings results on Thursday, July 25th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. The company had revenue of $145.80 million for the quarter, compared to the consensus estimate of $149.57 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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