Welch Capital Partnersny buys $12 Million stake in Envision Healthcare Holdings Inc (EVHC)

Envision Healthcare Holdings Inc (EVHC) : Welch Capital Partnersny scooped up 55,990 additional shares in Envision Healthcare Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 516,060 shares of Envision Healthcare Holdings Inc which is valued at $12 Million.Envision Healthcare Holdings Inc makes up approximately 4.40% of Welch Capital Partnersny’s portfolio.

Other Hedge Funds, Including , Jefferies Group sold out all of its stake in EVHC during the most recent quarter. The investment firm sold 12,390 shares of EVHC which is valued $287,696.Cornerstone Capital Management reduced its stake in EVHC by selling 57,368 shares or 1.99% in the most recent quarter. The Hedge Fund company now holds 2,830,065 shares of EVHC which is valued at $67.2 Million. Envision Healthcare Holdings Inc makes up approx 2.94% of Cornerstone Capital Management’s portfolio. Three Peaks Capital Management sold out all of its stake in EVHC during the most recent quarter. The investment firm sold 150,774 shares of EVHC which is valued $3.6 Million.

Envision Healthcare Holdings Inc closed down -0.39 points or -1.68% at $22.83 with 19,70,563 shares getting traded on Monday. Post opening the session at $23.31, the shares hit an intraday low of $22.63 and an intraday high of $23.31 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Envision Healthcare Holdings Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.25. The company had revenue of $1597.54 million for the quarter, compared to analysts expectations of $1547.40 million. The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Envision Healthcare Holdings Inc. Shares were Reiterated by RBC Capital Mkts on Feb 23, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $38 .Shares were Reiterated by Barclays on Feb 23, 2016 to “Overweight” and Lowered the Price Target to $ 28 from a previous price target of $31 .

Envision Healthcare Holdings Inc. is a holding company. The Company provides physician-led outsourced medical services in the United States. The Company operates in two segments: EmCare Holdings Inc. (EmCare) in the facility-based and post-acute care physician service business and American Medical Response Inc. (AMR) in the healthcare transportation service business. EmCare provides integrated facility-based physician services for emergency departments anesthesiology hospitalist or inpatient radiology teleradiology and surgery programs. EmCare also offers physician-led care management solutions outside the hospital. AMR provides a range of healthcare transportation services from basic patient transit to the emergency care and pre-hospital assistance. In addition AMR operates emergency (911) call and response service. It offers contracted medical staffing and provides telephone triage transportation dispatch and demand management services. It brands include EmCare and AMR.

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