Evolent Health, Inc (NYSE:EVH) Position Boosted by JPMorgan Chase & Co

Evolent Health, Inc. (EVH) shares are down -7.16% for the week and that has got investors and traders sitting up and taking note. The company had a trading volume of 1,852,583 shares.

Several hedge funds have recently made changes to their positions in EVH. Highbridge Capital Management LLC bought a new stake in shares of Evolent Health during the fourth quarter valued at approximately $1,390,000. The shares went down by -5.1% in value last month. Evolent Health had 24 analyst reports since August 7, 2015 according to SRatingsIntel. FMR LLC now owns 9,864,775 shares of the technology company's stock valued at $250,073,000 after purchasing an additional 5,333,252 shares in the last quarter. For the quarter, shares are performing at 57.97%.

PENN's price to sales ratio for trailing twelve months is 0.67 and price to book ratio for most recent quarter is -, whereas price to cash per share for the most recent quarter is 9.16. Finally, Teachers Advisors LLC grew its stake in shares of Evolent Health by 5.1% during the fourth quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.

Other equities analysts also recently issued reports about the company. SunTrust Banks now has a "Buy" rating and a $30.00 target price on the stock. Leerink Swann reiterated an "outperform" rating and issued a $32.00 price target (up previously from $30.00) on shares of Evolent Health in a report on Monday, June 19th. Baird set a $35.00 target price on Evolent Health and gave the stock a "buy" rating in a research report on Tuesday, August 8th. Among holders that decreased their positions, 14 sold out of the stock Evolent Health, Inc. Three analysts have rated the stock with a sell rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. It is trading at $16.75 just below the 50 day moving average which is $17.19 and just a bit lower than the 200 day moving average of $17.19. The legal version of this story can be accessed at If you are accessing this piece on another site, it was stolen and reposted in violation of US and global copyright and trademark law.

Shares of Evolent Health (NYSE:EVH) traded up 3.40% on Wednesday, reaching $16.75. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

In related news, CEO Steve Wigginton sold 6,000 shares of the company's stock in a transaction on Monday, July 3rd. A total volume of 1.01 million shares were traded versus to average volume of 0.77 million shares. The disclosure for this sale can be found here.

Consequently Evolent Health Inc Class A Com (NYSE:EVH)'s weekly and monthly volatility is 5.34%, 4.33% respectively. The company shares sank -15.3% from their peak of $30.98 and now has a $2.87 billion market value of equity. The 50 day moving average was down $-0.44 or -2.58% whereas the 200 day moving average was down $-0.44 or -2.58%.

In the latest earnings report the EPS was $-1.23 and is projected to be $-0.41 for the current year with 65,822,000 shares outstanding. The technology company reported ($0.13) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.13). The firm had revenue of $107.30 million during the quarter, compared to analyst estimates of $104.45 million. During the same period in the prior year, the business posted ($0.20) earnings per share. The company's revenue for the quarter was up 89.9% on a year-over-year basis. The technology company reported ($0.13) EPS for the quarter, meeting analysts' consensus estimates of ($0.13).

Evolent Health, Inc supports integrated health systems in their migration towards value-based care and population health management.

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