Retirement Systems of Alabama maintained its position in Adeptus Health Inc. (NYSE:ADPT) during the second quarter, Holdings Channel reports. The firm owned 128,200 shares of the company’s stock at the end of the second quarter. Retirement Systems of Alabama’s holdings in Adeptus Health were worth $6,623,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in Adeptus Health by 13.2% in the second quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the company’s stock worth $310,000 after buying an additional 700 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Adeptus Health by 34.5% in the second quarter. New York State Teachers Retirement System now owns 22,232 shares of the company’s stock worth $1,149,000 after buying an additional 5,700 shares during the period. BNP Paribas Arbitrage SA raised its stake in Adeptus Health by 124.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,169 shares of the company’s stock valued at $215,000 after buying an additional 2,313 shares during the last quarter. Royal Bank of Canada raised its stake in Adeptus Health by 1,036.6% in the first quarter. Royal Bank of Canada now owns 2,330 shares of the company’s stock valued at $130,000 after buying an additional 2,125 shares during the last quarter. Finally, Seven Eight Capital LLC acquired a new stake in Adeptus Health during the first quarter valued at about $101,000.
Adeptus Health Inc. (NYSE:ADPT) traded up 3.33% during trading on Monday, reaching $40.97. 241,635 shares of the company’s stock were exchanged. Adeptus Health Inc. has a 52-week low of $35.33 and a 52-week high of $90.71. The firm has a market cap of $669.86 million, a P/E ratio of 6.24 and a beta of 0.96. The stock’s 50 day moving average price is $41.22 and its 200 day moving average price is $52.17.
Adeptus Health (NYSE:ADPT) last posted its earnings results on Thursday, July 21st. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $100.20 million for the quarter, compared to analyst estimates of $93.92 million. Adeptus Health had a return on equity of 14.74% and a net margin of 22.99%. The business’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. Equities research analysts anticipate that Adeptus Health Inc. will post $2.46 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $113.00 price objective (down previously from $125.00) on shares of Adeptus Health in a research note on Monday, July 11th. Zacks Investment Research downgraded shares of Adeptus Health from a “buy” rating to a “strong sell” rating in a report on Wednesday, July 13th. JMP Securities reiterated a “buy” rating on shares of Adeptus Health in a report on Thursday, September 22nd. Finally, Goldman Sachs Group Inc. set a $80.00 target price on shares of Adeptus Health and gave the stock a “buy” rating in a report on Thursday, September 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $86.50.
Adeptus Health Company Profile
Adeptus Health Inc is a patient-centered healthcare company. The Company is engaged in providing emergency medical care through a network of independent freestanding emergency rooms in the United States and partnerships with various healthcare systems. The Company has approximately 80 freestanding facilities and over two licensed general hospitals.
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