Economy

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 https://baseballnewssource.com/markets/evolent-health-inc-evh-earns-buy-rating-from-suntrust-banks-inc/1665685.html. 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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