Insider Selling: Adam Md Singer Sells 6,500 Shares of IPC The Hospitalist Co. Stock (IPCM)
IPC The Hospitalist Co. (NASDAQ:IPCM) CEO Adam Md Singer sold 6,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $51.34, for a total value of $333,710.00. Following the sale, the chief executive officer now directly owns 71,475 shares of the company’s stock, valued at approximately $3,669,527. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of IPC The Hospitalist Co. (NASDAQ:IPCM) traded up 0.49% on Friday, hitting $51.56. The stock had a trading volume of 31,848 shares. IPC The Hospitalist Co. has a 52 week low of $33.10 and a 52 week high of $55.49. The stock has a 50-day moving average of $51.66 and a 200-day moving average of $49.15. The company has a market cap of $868.5 million and a P/E ratio of 22.48.
IPC The Hospitalist Co. (NASDAQ:IPCM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters 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.
A number of analysts have recently weighed in on IPCM shares. 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. 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 ($0.77) price target on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. IPC The Hospitalist Co. has an average rating of “Hold” and an average price target of $51.75.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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