Price Action Report: A Reversal for Adeptus Health Inc Is Not Near. The Stock Rises Again

Price Action Report: A Reversal for Adeptus Health Inc Is Not Near. The Stock Rises Again

The stock of Adeptus Health Inc (NYSE:ADPT) is a huge mover today! About 1.05M shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 81.14% since April 13, 2016 and is downtrending. It has underperformed by 85.06% the S&P500.
The move comes after 9 months positive chart setup for the $251.52M company. It was reported on Nov, 15 by Barchart.com. We have $27.24 PT which if reached, will make NYSE:ADPT worth $374.76M 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. Jefferies maintained it with “Buy” rating and $113 target price in Monday, July 11 report. Jefferies downgraded the shares of ADPT in a report on Wednesday, November 2 to “Hold” rating. The company was maintained on Friday, September 18 by KeyBanc Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 4. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 23 report. The stock of Adeptus Health Inc (NYSE:ADPT) has “Equal-Weight” rating given on Wednesday, November 2 by Stephens. RBC Capital Markets maintained Adeptus Health Inc (NYSE:ADPT) rating on Friday, July 24. RBC Capital Markets has “Outperform” rating and $114 price target. The stock has “Buy” rating given by Dougherty & Company on Wednesday, November 18. The stock of Adeptus Health Inc (NYSE:ADPT) has “Market Outperform” rating given on Wednesday, August 31 by JMP Securities. Piper Jaffray maintained the stock with “Overweight” rating in Thursday, August 13 report.

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 increased, 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.
Lazard Asset Mgmt Limited Liability Corp, a New York-based fund reported 13,051 shares. Thrivent Financial For Lutherans holds 6,590 shares or 0% of its portfolio. Timpani Cap Ltd Liability Corporation has invested 1.71% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Balyasny Asset Limited Liability Corp accumulated 186,359 shares or 0.06% of the stock. Teachers Advsrs accumulated 0% or 19,766 shares. Fifth Third Bancorporation has 0% invested in the company for 1,479 shares. Shinko Asset Management accumulated 0.01% or 38,061 shares. Morgan Stanley accumulated 0% or 60,667 shares. Public Sector Pension Board has 0.01% invested in the company for 9,600 shares. Seven Eight Ltd Liability Com last reported 0.13% of its portfolio in the stock. Arcadia Investment Mgmt Mi last reported 0.01% of its portfolio in the stock. Stevens Capital L P accumulated 7,014 shares or 0.01% of the stock. Nationwide Fund Advsr accumulated 8,137 shares or 0% of the stock. Bancorporation Of Montreal Can accumulated 0% or 172,071 shares. Comerica Savings Bank has invested 0.01% of its portfolio in Adeptus Health Inc (NYSE:ADPT).

More notable recent Adeptus Health Inc (NYSE:ADPT) news were published by: Dallasnews.com which released: “Lewisville-based Adeptus Health CEO ‘accelerates retirement’ amid company’s …” on November 08, 2016, also Nasdaq.com with their article: “What Makes Adeptus Health (ADPT) a Strong Sell?” published on November 14, 2016, Prnewswire.com published: “Adeptus Health Reports Third Quarter 2016 Results” on November 01, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Prnewswire.com and their article: “ADEPTUS (ADPT) Alert: Shareholder Rights Law Firm Johnson & Weaver, LLP …” published on November 02, 2016 as well as Prnewswire.com‘s news article titled: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Adeptus Health Inc.” 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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