Time to Sell Adeptus Health Inc After Today’s Option Traders Bearish Bets?

 Time to Sell Adeptus Health Inc After Today's Option Traders Bearish Bets?

In today’s session Adeptus Health Inc (ADPT) recorded an unusually high (553) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ADPT decrease. With 553 contracts traded and 19834 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ADPT161118P00040000 closed last at: $5.7 or 18.8% up. About 90,966 shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 34.38% since March 16, 2016 and is downtrending. It has underperformed by 39.93% the S&P500.

Analysts await Adeptus Health Inc (NYSE:ADPT) to report earnings on October, 27. They expect $0.48 EPS, up 77.78% or $0.21 from last year’s $0.27 per share. ADPT’s profit will be $10.31M for 19.07 P/E if the $0.48 EPS becomes a reality. After $0.43 actual EPS reported by Adeptus Health Inc for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

Adeptus Health Inc (NYSE:ADPT) Ratings Coverage

Out of 5 analysts covering Adeptus Health (NYSE:ADPT), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $135 is the highest target while $62 is the lowest. The $95.33 average target is 160.39% above today’s ($36.61) stock price. Adeptus Health has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, November 18 by Dougherty & Company. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Outperform” rating by RBC Capital Markets on Friday, July 24. The firm has “Buy” rating given on Monday, July 11 by Jefferies. Jefferies initiated it with “Buy” rating and $135 target price in Monday, August 3 report. JMP Securities maintained Adeptus Health Inc (NYSE:ADPT) on Wednesday, August 31 with “Market Outperform” rating. On Friday, September 18 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 23 report. Piper Jaffray maintained the stock with “Overweight” rating in Thursday, August 13 report.

According to Zacks Investment Research, “Adeptus Health, Inc. owns and operates First Choice Emergency Room, the network of independent freestanding emergency rooms in the United States. The Company provides emergency medical care to patients in Texas and Colorado. It has developed a facility design and infrastructure specifically tailored to the emergency care delivery system that combines staff, equipment and physical layout to deliver care. Adeptus Health Inc. is based in Lewisville, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.96 in 2016 Q2. Its up 0.04, from 1.92 in 2016Q1. The ratio increased, as 29 funds sold all Adeptus Health Inc shares owned while 25 reduced positions. 22 funds bought stakes while 84 increased positions. They now own 21.33 million shares or 18.77% more from 17.95 million shares in 2016Q1.
The Massachusetts-based Granite Point Cap L P has invested 2.23% in Adeptus Health Inc (NYSE:ADPT). Blackrock Advsr Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Credit Suisse Ag last reported 14,553 shares in the company. Citigroup holds 158 shares or 0% of its portfolio. New York State Teachers Retirement System has 0% invested in the company for 22,232 shares. Blackrock Gp Limited has invested 0% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Monarch Asset Management Limited Liability Company accumulated 0.02% or 4,220 shares. Citadel Advsrs Lc last reported 0% of its portfolio in the stock. Rhumbline Advisers owns 13,843 shares or 0% of their US portfolio. Arcadia Invest Mgmt Corp Mi has invested 0.01% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Massachusetts Fincl Company Ma holds 321,881 shares or 0.01% of its portfolio. Nationwide Fund last reported 8,137 shares in the company. Comerica Fincl Bank has 31,337 shares for 0.01% of their US portfolio. Gabelli Funds Lc has 54,209 shares for 0.02% of their US portfolio. Coe Mgmt has 17,825 shares for 0% of their US portfolio.

Adeptus Health Inc. is a patient-centered healthcare company. The company has a market cap of $786.09 million. The Firm 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. It has a 5.85 P/E ratio. The Firm has approximately 80 freestanding facilities and over two licensed general hospitals.

ADPT Company Profile

Adeptus Health Inc., incorporated on March 7, 2014, is a patient-centered healthcare company. The Firm 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 Firm has approximately 80 freestanding facilities and over two licensed general hospitals. The Firm owns or operates facilities located in the Houston, Dallas/Fort Worth, San Antonio and Austin, Texas markets; Colorado Springs and Denver, Colorado markets, and Phoenix, Arizona market.

More notable recent Adeptus Health Inc (NYSE:ADPT) news were published by: Prnewswire.com which released: “Adeptus Health Inc. Appoints Frank R. Williams, Jr. as Chief Financial Officer” on July 28, 2016, also Prnewswire.com with their article: “Adeptus Health Inc. to Present at the Morgan Stanley Global Healthcare Conference” published on September 06, 2016, Prnewswire.com published: “Adeptus Health Inc. Announces Pricing of Common Stock Offering” on June 03, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Prnewswire.com and their article: “Adeptus Health Inc. Appoints Dr. Ricardo Martinez as Chief Medical Officer” published on June 24, 2016 as well as Prnewswire.com‘s news article titled: “Adeptus Health Inc. Announces Closing of $175 Million Senior Secured Credit …” with publication date: October 07, 2015.

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