California State Teachers Retirement System reduced its holdings in shares of Amedisys Inc (NASDAQ:AMED) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,619 shares of the health services provider’s stock after selling 4,843 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of Amedisys worth $2,553,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its position in shares of Amedisys by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the health services provider’s stock worth $121,000 after acquiring an additional 831 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Amedisys by 2.3% in the 2nd quarter. Federated Investors Inc. PA now owns 1,929 shares of the health services provider’s stock valued at $122,000 after purchasing an additional 44 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of Amedisys in the 3rd quarter valued at about $205,000. SG Americas Securities LLC boosted its position in shares of Amedisys by 48.7% in the 2nd quarter. SG Americas Securities LLC now owns 3,743 shares of the health services provider’s stock valued at $235,000 after purchasing an additional 1,226 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of Amedisys in the 2nd quarter valued at about $246,000. 94.44% of the stock is owned by institutional investors and hedge funds.
Shares of Amedisys Inc (AMED) opened at $54.76 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $1,860.00, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.71. Amedisys Inc has a one year low of $43.07 and a one year high of $65.91.
Amedisys (NASDAQ:AMED) last posted its quarterly earnings data on Tuesday, November 7th. The health services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The firm had revenue of $380.20 million during the quarter, compared to the consensus estimate of $384.59 million. Amedisys had a return on equity of 14.68% and a net margin of 2.88%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. equities research analysts predict that Amedisys Inc will post 2.24 earnings per share for the current year.
A number of brokerages recently issued reports on AMED. BidaskClub cut Amedisys from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research raised Amedisys from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday. Royal Bank of Canada reissued a “hold” rating on shares of Amedisys in a research report on Monday, October 23rd. Mizuho reissued a “buy” rating and issued a $65.00 target price (up from $55.00) on shares of Amedisys in a research report on Wednesday, November 8th. Finally, William Blair reissued an “outperform” rating on shares of Amedisys in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $61.00.
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Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.
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