Stock Traders Buy Large Volume of Envision Healthcare Put Options (EVHC)

Envision Healthcare Co. (NYSE:EVHC) was the recipient of unusually large options trading on Thursday. Stock investors acquired 6,319 put options on the stock. This represents an increase of 2,020% compared to the average volume of 298 put options.

Several equities research analysts have recently weighed in on EVHC shares. Robert W. Baird reiterated a “buy” rating and issued a $70.00 price target on shares of Envision Healthcare in a report on Tuesday, October 17th. Oppenheimer reduced their price target on Envision Healthcare from $77.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Cantor Fitzgerald cut Envision Healthcare from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, November 1st. Jefferies Group set a $41.00 price objective on Envision Healthcare and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Stephens reissued a “hold” rating and issued a $34.00 price objective on shares of Envision Healthcare in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.50.

Shares of Envision Healthcare (NYSE:EVHC) opened at $35.00 on Friday. The company has a current ratio of 3.01, a quick ratio of 3.00 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $4,315.75, a price-to-earnings ratio of -7.00, a price-to-earnings-growth ratio of 0.93 and a beta of 0.58. Envision Healthcare has a 52-week low of $23.77 and a 52-week high of $73.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in EVHC. CIBC World Markets Inc. bought a new stake in Envision Healthcare during the 4th quarter valued at $208,000. Palisade Capital Management LLC NJ bought a new stake in Envision Healthcare during the 3rd quarter valued at $229,000. CENTRAL TRUST Co boosted its position in Envision Healthcare by 79.7% during the 4th quarter. CENTRAL TRUST Co now owns 6,626 shares of the company’s stock valued at $229,000 after acquiring an additional 2,939 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Envision Healthcare during the 4th quarter valued at $236,000. Finally, Flinton Capital Management LLC lifted its holdings in shares of Envision Healthcare by 18.7% during the 2nd quarter. Flinton Capital Management LLC now owns 4,464 shares of the company’s stock valued at $280,000 after purchasing an additional 704 shares during the last quarter.

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About Envision Healthcare

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.

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