Systematic Financial Management LP Invests $1.41 Million in Envision Healthcare (NYSE:EVHC)

Desiree Burns
June 13, 2018

The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.99 and a beta of 0.46. Robert W. Baird restated an "outperform" rating and issued a $50.00 target price (up previously from $45.00) on shares of Envision Healthcare in a report on Wednesday, March 7th.

In June 2016, Envision Healthcare Holdings Inc., then based in Greenwood Village, merged with Nashville-based AmSurg Corp in a deal that created a health-services provider worth about $10 billion, according to a Denver Post report. Rampart Investment Management Company LLC now owns 3,362 shares of the company's stock valued at $129,000 after buying an additional 1,864 shares during the period.

Envision shares advanced more than 2 percent, or $1.04, to $44.68 by midday Monday after the companies announced their deal. The company has a quick ratio of 2.25, a current ratio of 2.27 and a debt-to-equity ratio of 0.65. The institutional investor bought 169,850 shares of the company's stock, valued at approximately $6,527,000. Zacks Investment Research raised shares of Envision Healthcare from a "hold" rating to a "buy" rating and set a $46.00 target price for the company in a research note on Friday, May 11th. Ten analysts have made estimates for Envision Healthcare's earnings, with estimates ranging from $2.07 billion to $2.11 billion. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting, or calling toll free 877-LEGAL-90. The firm scooped it for $2.4 billion previous year and merged it with its helicopter ambulance service.

A number of research firms have issued reports on EVHC. They expect $0.80 earnings per share, up 1.27 % or $0.01 from last year's $0.79 per share.

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The deal marks an end to Envision's plan to find strategic options, which the company launched after posting disappointing third-quarter results past year. SG Americas Securities LLC lifted its stake in Envision Healthcare by 334.4% in the fourth quarter. Envision Healthcare had a return on equity of 4.59% and a net margin of 1.41%. The company was maintained on Wednesday, February 28 by Cantor Fitzgerald. The stock of Envision Healthcare Corporation (NYSE:EVHC) earned "Buy" rating by Raymond James on Tuesday, December 12. Finally, Mizuho set a $38.00 target price on shares of Envision Healthcare and gave the company a "hold" rating in a research report on Friday, March 2nd. Envision Healthcare now has a consensus rating of "Hold" and an average price target of $41.10.

The Wall Street Journal had earlier reported that KKR is nearing a deal to buy Envision.

The acquisition agreement comes on the heels of KKR's announcement that it will buy US business software company BMC Software in a deal that values the company at about $8.5 billion, including debt.

Envision Healthcare Corporation, through its subsidiaries, provides various healthcare services in the United States. It operates in two segments: EmCare Holdings, Inc (EmCare) and American Medical Response, Inc (AMR).

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