Apollo Medical Holdings, Inc. (NASDAQ:AMEH) gapped down prior to trading on Thursday . The stock had previously closed at $27.43, but opened at $26.85. Apollo Medical shares last traded at $26.85, with a volume of 100 shares.
A number of brokerages have recently issued reports on AMEH. Zacks Investment Research raised Apollo Medical from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, March 12th. TheStreet raised Apollo Medical from a “c+” rating to a “b-” rating in a report on Tuesday, January 5th.
The firm has a 50 day moving average price of $25.90 and a 200 day moving average price of $20.89. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.99. The stock has a market cap of $1.43 billion, a P/E ratio of 28.51, a P/E/G ratio of 4.29 and a beta of 0.49.
In related news, major shareholder Physicians Of Californi Allied sold 1,638,045 shares of the stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $24.50, for a total transaction of $40,132,102.50. Following the completion of the sale, the insider now owns 17,307,214 shares in the company, valued at $424,026,743. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.87% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Apollo Medical by 162.0% during the third quarter. JPMorgan Chase & Co. now owns 120,150 shares of the company’s stock worth $2,086,000 after purchasing an additional 74,294 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Apollo Medical during the 4th quarter valued at approximately $185,000. Wells Fargo & Company MN grew its holdings in Apollo Medical by 12.3% during the 3rd quarter. Wells Fargo & Company MN now owns 54,295 shares of the company’s stock valued at $974,000 after buying an additional 5,958 shares in the last quarter. California State Teachers Retirement System grew its holdings in Apollo Medical by 97.2% during the 3rd quarter. California State Teachers Retirement System now owns 29,967 shares of the company’s stock valued at $538,000 after buying an additional 14,774 shares in the last quarter. Finally, Strs Ohio purchased a new position in Apollo Medical during the 3rd quarter valued at approximately $269,000. Hedge funds and other institutional investors own 9.32% of the company’s stock.
About Apollo Medical (NASDAQ:AMEH)
Apollo Medical Holdings, Inc, a physician-centric technology-powered healthcare management company, provides medical care services. The company, leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver quality care to its patients.
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