The stock of Adeptus Health Inc (NYSE:ADPT) is a huge mover today! About 621,690 shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 84.99% since April 5, 2016 and is downtrending. It has underperformed by 86.95% the S&P500.
The move comes after 8 months positive chart setup for the $182.30M company. It was reported on Nov, 8 by Barchart.com. We have $14.90 PT which if reached, will make NYSE:ADPT worth $131.26 million more.
Adeptus Health Inc (NYSE:ADPT) Ratings Coverage
Out of 8 analysts covering Adeptus Health (NYSE:ADPT), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Adeptus Health has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Dougherty & Company maintained the shares of ADPT in a report on Wednesday, November 18 with “Buy” rating. The rating was initiated by Jefferies on Monday, August 3 with “Buy”. RBC Capital Markets maintained the shares of ADPT in a report on Friday, October 23 with “Outperform” rating. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Hold” rating by Jefferies on Wednesday, November 2. Stephens downgraded the stock to “Equal-Weight” rating in Wednesday, November 2 report. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 4. Jefferies maintained the shares of ADPT in a report on Monday, July 11 with “Buy” rating. KeyBanc Capital Markets maintained Adeptus Health Inc (NYSE:ADPT) rating on Friday, September 18. KeyBanc Capital Markets has “Overweight” rating and $129 price target. Bank of America downgraded the stock to “Underperform” rating in Wednesday, November 2 report. Piper Jaffray maintained Adeptus Health Inc (NYSE:ADPT) on Thursday, August 13 with “Overweight” 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 Q2 2016. 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.
Blackrock Institutional Trust Na accumulated 0% or 295,747 shares. Ls Invest Ltd Liability Corporation has 567 shares for 0% of their US portfolio. Texas Permanent School Fund holds 10,308 shares or 0.01% of its portfolio. Ubs Asset Management Americas Inc accumulated 0% or 6,316 shares. Victory Cap Management holds 0% or 1,184 shares in its portfolio. Invesco, a Georgia-based fund reported 35,705 shares. The Minnesota-based Ameriprise Finance has invested 0% in Adeptus Health Inc (NYSE:ADPT). Parametric Associate Ltd Liability Corp, a Washington-based fund reported 6,657 shares. Fifth Third National Bank has 0% invested in the company for 1,479 shares. Essex Invest Mngmt reported 54,368 shares or 0.47% of all its holdings. Moreover, Kalmar Invests De has 0.64% invested in Adeptus Health Inc (NYSE:ADPT) for 278,800 shares. Brown Brothers Harriman holds 0% or 67 shares in its portfolio. Pnc Financial Svcs Gp last reported 0% of its portfolio in the stock. Arizona State Retirement System has invested 0.01% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Manufacturers Life Commerce The has 0% invested in the company for 8,609 shares.
More notable recent Adeptus Health Inc (NYSE:ADPT) news were published by: Prnewswire.com which released: “Adeptus Health Announces Appointment Of Gregory W. Scott As Chairman Of The …” on November 01, 2016, also Prnewswire.com with their article: “ADEPTUS (ADPT) Alert: Shareholder Rights Law Firm Johnson & Weaver, LLP …” published on November 02, 2016, Prnewswire.com published: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Adeptus Health Inc.” on November 02, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Marketwatch.com and their article: “Adeptus Health’s stock plummets as fears of a liquidity crunch prompts downgrade” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of Adeptus Health Inc.” 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.
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