Stock On Watch: Could Adeptus Health Inc See a Reversal After This Very Strong Session?

Stock On Watch: Could Adeptus Health Inc See a Reversal After This Very Strong Session?

The stock of Adeptus Health Inc (NYSE:ADPT) is a huge mover today! About 318,617 shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 30.24% since February 26, 2016 and is downtrending. It has underperformed by 40.66% the S&P500.
The move comes after 5 months positive chart setup for the $890.50 million company. It was reported on Oct, 1 by We have $53.34 PT which if reached, will make NYSE:ADPT worth $213.72 million more.

Analysts await Adeptus Health Inc (NYSE:ADPT) to report earnings on October, 27. They expect $0.48 earnings per share, up 77.78% or $0.21 from last year’s $0.27 per share. ADPT’s profit will be $9.94M for 22.41 P/E if the $0.48 EPS becomes a reality. After $0.43 actual earnings per share reported by Adeptus Health Inc for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

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 firm earned “Overweight” rating on Thursday, August 13 by Piper Jaffray. Jefferies initiated Adeptus Health Inc (NYSE:ADPT) rating on Monday, August 3. Jefferies has “Buy” rating and $135 price target. The firm earned “Buy” rating on Wednesday, November 18 by Dougherty & Company. The stock of Adeptus Health Inc (NYSE:ADPT) has “Buy” rating given on Monday, July 11 by Jefferies. As per Friday, September 18, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Outperform” rating on Friday, July 24 by RBC Capital Markets. RBC Capital Markets maintained Adeptus Health Inc (NYSE:ADPT) on Friday, October 23 with “Outperform” rating. JMP Securities maintained the shares of ADPT in a report on Wednesday, August 31 with “Market 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.
Natl Bank Of Montreal Can last reported 0% of its portfolio in the stock. Oberweis Asset Management Inc last reported 1.44% of its portfolio in the stock. Blackrock Advisors last reported 5,956 shares in the company. Us State Bank De accumulated 5,180 shares or 0% of the stock. Turner Ltd Partnership last reported 0.41% of its portfolio in the stock. Pinebridge Investments Limited Partnership accumulated 0% or 1,710 shares. The New Jersey-based Palisade Ltd Nj has invested 0.07% in Adeptus Health Inc (NYSE:ADPT). Marshall Wace Limited Liability Partnership has invested 0.02% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Brown Brothers Harriman & has 67 shares for 0% of their US portfolio. The Pennsylvania-based Stevens Cap Management L P has invested 0.01% in Adeptus Health Inc (NYSE:ADPT). Barclays Public Ltd Liability Corporation holds 6 shares or 0% of its portfolio. New York State Common Retirement Fund has 0% invested in the company for 17,548 shares. Ardsley Advisory reported 112,500 shares or 1.01% of all its holdings. The Missouri-based Kennedy Capital Management has invested 0.31% in Adeptus Health Inc (NYSE:ADPT). Miles holds 0.16% or 4,581 shares in its portfolio.

More notable recent Adeptus Health Inc (NYSE:ADPT) news were published by: which released: “Adeptus Health Inc. Appoints Frank R. Williams, Jr. as Chief Financial Officer” on July 28, 2016, also with their article: “Adeptus Health Inc. to Present at the Morgan Stanley Global Healthcare Conference” published on September 06, 2016, published: “Adeptus Health Inc. Announces Closing of $175 Million Senior Secured Credit …” on October 07, 2015. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: and their article: “Adeptus Health Inc. Appoints Dr. Ricardo Martinez as Chief Medical Officer” published on June 24, 2016 as well as‘s news article titled: “Adeptus Health Inc. Announces Pricing of Common Stock Offering” with publication date: June 03, 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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