Notable Price Action: Is Adeptus Health Inc a Sell? The Stock Declines Again

Notable Price Action: Is Adeptus Health Inc a Sell? The Stock Declines Again

The stock of Adeptus Health Inc (NYSE:ADPT) is a huge mover today! About 20.46M shares traded hands or 3954.96% up from the average. Adeptus Health Inc (NYSE:ADPT) has declined 51.62% since March 31, 2016 and is downtrending. It has underperformed by 54.14% the S&P500.
The move comes after 5 months negative chart setup for the $161.69M company. It was reported on Nov, 2 by Barchart.com. We have $7.77 PT which if reached, will make NYSE:ADPT worth $16.17 million less.

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. RBC Capital Markets maintained Adeptus Health Inc (NYSE:ADPT) on Friday, October 23 with “Outperform” rating. Jefferies maintained Adeptus Health Inc (NYSE:ADPT) rating on Monday, July 11. Jefferies has “Buy” rating and $113 price target. On Wednesday, November 18 the stock rating was maintained by Dougherty & Company with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, September 18. The company was initiated on Monday, August 3 by Jefferies. JMP Securities maintained Adeptus Health Inc (NYSE:ADPT) on Wednesday, August 31 with “Market Outperform” rating. The rating was maintained by Piper Jaffray with “Overweight” on Thursday, August 13. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Outperform” rating by RBC Capital Markets on Friday, July 24.

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 improved, 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.
Morgan Stanley has invested 0% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Wells Fargo & Mn has invested 0.01% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Franklin Res accumulated 0.02% or 880,165 shares. Credit Suisse Ag holds 0% or 14,553 shares in its portfolio. New York State Teachers Retirement System has invested 0% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Dimensional Fund Advisors Lp, a Texas-based fund reported 39,789 shares. Parametric Port Assoc Lc reported 6,657 shares or 0% of all its holdings. Seven Eight Capital Limited Liability Corp holds 0.13% of its portfolio in Adeptus Health Inc (NYSE:ADPT) for 7,201 shares. Blackrock Institutional Na reported 295,747 shares or 0% of all its holdings. Fred Alger reported 80 shares or 0% of all its holdings. Parallax Volatility Advisers Lp owns 3,490 shares or 0% of their US portfolio. Manufacturers Life Insurance The last reported 0% of its portfolio in the stock. Advsrs Asset Mgmt Inc holds 17,522 shares or 0.01% of its portfolio. Great West Life Assurance Can owns 747 shares or 0% of their US portfolio. Price T Rowe Assocs Inc Md reported 1.51M shares or 0.02% of all its holdings.

More notable recent Adeptus Health Inc (NYSE:ADPT) news were published by: Marketwatch.com which released: “Adeptus Health’s stock plummets as fears of a liquidity crunch prompts downgrade” on November 02, 2016, also Businesswire.com with their article: “ADPT STOCK LOSS ALERT: Rosen Law Firm Reminds Adeptus Health Inc. Investors of …” published on November 02, 2016, Prnewswire.com published: “Harwood Feffer LLP Announces Investigation of Adeptus Health Inc.” on October 31, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Schaeffersresearch.com and their article: “Analyst Downgrades: Gilead Sciences, Inc., Adeptus Health Inc, and Tableau …” published on November 02, 2016 as well as Globenewswire.com‘s news article titled: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Adeptus …” with publication date: October 31, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment