Insider Selling: IPC The Hospitalist Company EVP Unloads 5,000 Shares of Stock (IPCM)
IPC The Hospitalist Company (NASDAQ:IPCM) EVP Richard G. Russell sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $48.28, for a total value of $241,400.00. Following the sale, the executive vice president now directly owns 10,311 shares of the company’s stock, valued at approximately $497,815. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of IPC The Hospitalist Company in a research note on Thursday, July 24th. They now have a $48.00 price target on the stock, up previously from $42.00. Separately, analysts at TheStreet downgraded shares of IPC The Hospitalist Company from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, analysts at RBC Capital upgraded shares of IPC The Hospitalist Company from a “sector perform” rating to an “outperform” rating in a research note on Friday, June 27th. They now have a $52.00 price target on the stock, up previously from $49.00. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $52.89.
Shares of IPC The Hospitalist Company (NASDAQ:IPCM) traded down 1.25% on Friday, hitting $48.38. 107,706 shares of the company’s stock traded hands. IPC The Hospitalist Company has a 52-week low of $38.13 and a 52-week high of $63.70. The stock has a 50-day moving average of $47.1 and a 200-day moving average of $47.19. The company has a market cap of $831.7 million and a P/E ratio of 21.74.
IPC The Hospitalist Company (NASDAQ:IPCM) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $172.27 million for the quarter, compared to the consensus estimate of $172.00 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that IPC The Hospitalist Company will post $2.42 EPS for the current fiscal year.
IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.
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