The stock of Adeptus Health Inc (NYSE:ADPT) hit a new 52-week low and has $28.04 target or 5.00% below today’s $29.52 share price. The 7 months bearish chart indicates high risk for the $615.65 million company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $28.04 price target is reached, the company will be worth $30.78M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 142,321 shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 43.62% since March 29, 2016 and is downtrending. It has underperformed by 47.10% the S&P500.
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. Adeptus Health has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Market Outperform” rating by JMP Securities on Wednesday, August 31. The firm earned “Buy” rating on Monday, July 11 by Jefferies. The company was maintained on Friday, July 24 by RBC Capital Markets. The stock has “Overweight” rating given by KeyBanc Capital Markets on Friday, September 18. Piper Jaffray maintained Adeptus Health Inc (NYSE:ADPT) rating on Thursday, August 13. Piper Jaffray has “Overweight” rating and $130.0 price target. The firm has “Buy” rating by Dougherty & Company given on Wednesday, November 18. The company was initiated on Monday, August 3 by Jefferies. RBC Capital Markets maintained Adeptus Health Inc (NYSE:ADPT) on Friday, October 23 with “Outperform” rating.
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 is positive, 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.
Seven Eight Cap Lc holds 0.13% or 7,201 shares in its portfolio. Price T Rowe Assoc Md has invested 0.02% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Arcadia Mi reported 581 shares or 0.01% of all its holdings. Group Incorporated holds 9,391 shares or 0% of its portfolio. Kennedy Cap Inc has 292,502 shares for 0.31% of their US portfolio. Turner Invs Lp last reported 25,280 shares in the company. California Public Employees Retirement System accumulated 0% or 12,200 shares. Lazard Asset Mngmt Ltd Llc holds 13,051 shares or 0% of its portfolio. Thrivent Fincl For Lutherans has 0% invested in the company for 6,590 shares. Louisiana State Employees Retirement System holds 0.02% or 6,000 shares in its portfolio. Arizona State Retirement holds 0.01% or 7,000 shares in its portfolio. Allianz Asset Mngmt Ag holds 0% of its portfolio in Adeptus Health Inc (NYSE:ADPT) for 17,984 shares. Credit Agricole S A last reported 0% of its portfolio in the stock. The United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.02% in Adeptus Health Inc (NYSE:ADPT). Century Capital Ltd reported 90,028 shares or 0.51% of all its holdings.
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. Announces Pricing of Common Stock Offering” published on June 03, 2016, Prnewswire.com published: “Adeptus Health Reports Second Quarter 2016 Results” on July 21, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Prnewswire.com and their article: “Adeptus Health Reports Fourth Quarter And Year End 2015 Results And Provides …” published on February 24, 2016 as well as Prnewswire.com‘s news article titled: “Texas Health Resources and Adeptus Health Join Forces to Enhance Access to …” with publication date: May 11, 2016.
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.
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