Price Action To Observe: Is Selling Adeptus Health Inc Here a Winning Strategy?

Price Action To Observe: Is Selling Adeptus Health Inc Here a Winning Strategy?

The stock of Adeptus Health Inc (NYSE:ADPT) reached all time low today, Nov, 2 and still has $7.77 target or 10.00% below today’s $8.63 share price. This indicates more downside for the $161.69 million company. This technical setup was reported by Barchart.com. If the $7.77 PT is reached, the company will be worth $16.17M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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.

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. As per Friday, September 18, the company rating was maintained by KeyBanc Capital Markets. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Buy” rating by Dougherty & Company on Wednesday, November 18. JMP Securities maintained it with “Market Outperform” rating and $92 target price in Wednesday, August 31 report. Jefferies initiated the stock with “Buy” rating in Monday, August 3 report. RBC Capital Markets maintained the shares of ADPT in a report on Friday, July 24 with “Outperform” rating. Jefferies maintained it with “Buy” rating and $113 target price in Monday, July 11 report. The stock of Adeptus Health Inc (NYSE:ADPT) has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. On Thursday, August 13 the stock rating was maintained by Piper Jaffray with “Overweight”.

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 Q2 2016. 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.
Shinko Asset Ltd accumulated 38,061 shares or 0.01% of the stock. State Of Tennessee Treasury Department has 10,819 shares for 0% of their US portfolio. Nicholas Investment Prns Lp has 50,817 shares for 0.18% of their US portfolio. California State Teachers Retirement System holds 25,935 shares or 0% of its portfolio. Clinton Grp Incorporated last reported 16,194 shares in the company. Texas Permanent School Fund holds 0.01% or 10,308 shares in its portfolio. Monarch Prtn Asset Mngmt accumulated 0.02% or 4,220 shares. Mariner Gru Lc accumulated 39,000 shares or 0.68% of the stock. The United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.02% in Adeptus Health Inc (NYSE:ADPT). Granite Point Capital Mgmt L P has 100,650 shares for 2.23% of their US portfolio. Invesco accumulated 0% or 35,705 shares. Swiss Bank holds 24,550 shares or 0% of its portfolio. Next Century Growth Investors Ltd Llc last reported 1.74% of its portfolio in the stock. The New York-based Pinebridge Limited Partnership has invested 0% in Adeptus Health Inc (NYSE:ADPT). Eagle Asset holds 0.23% of its portfolio in Adeptus Health Inc (NYSE:ADPT) for 632,177 shares.

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 Benzinga.com‘s news article titled: “Adeptus Health’s Stock Cut In Half” with publication date: November 02, 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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