The stock of Adeptus Health Inc (NYSE:ADPT) is a huge mover today! About 278,315 shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 87.60% since April 28, 2016 and is downtrending. It has underperformed by 93.53% the S&P500.
The move comes after 7 months positive chart setup for the $183.18 million company. It was reported on Dec, 1 by Barchart.com. We have $9.35 PT which if reached, will make NYSE:ADPT worth $16.49 million more.
Analysts await Adeptus Health Inc (NYSE:ADPT) to report earnings on February, 22. They expect $0.22 earnings per share, down 46.34% or $0.19 from last year’s $0.41 per share. ADPT’s profit will be $4.70M for 9.75 P/E if the $0.22 EPS becomes a reality.
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. The company was downgraded on Wednesday, November 2 by Stephens. On Wednesday, November 2 the stock rating was downgraded by Jefferies to “Hold”. The rating was maintained by Dougherty & Company on Wednesday, November 18 with “Buy”. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Neutral” rating by Goldman Sachs on Friday, November 4. Piper Jaffray maintained the shares of ADPT in a report on Thursday, August 13 with “Overweight” rating. The rating was maintained by KeyBanc Capital Markets on Friday, September 18 with “Overweight”. The company was maintained on Friday, October 23 by RBC Capital Markets. As per Wednesday, November 2, the company rating was downgraded by Bank of America. The stock of Adeptus Health Inc (NYSE:ADPT) earned “Buy” rating by Jefferies on Monday, August 3. The firm has “Buy” rating given on Monday, July 11 by Jefferies.
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 decreased to 0.9 in Q2 2016. Its down 1.06, from 1.96 in 2016Q1. The ratio is negative, 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.
Osterweis last reported 17,570 shares in the company. Arcadia Inv Mgmt Corp Mi last reported 581 shares in the company. Citigroup has 158 shares for 0% of their US portfolio. Legal And General Gru Public Limited, a United Kingdom-based fund reported 1,908 shares. State Street has invested 0% of its portfolio in Adeptus Health Inc (NYSE:ADPT). Moreover, Franklin Resource Incorporated has 0.02% invested in Adeptus Health Inc (NYSE:ADPT) for 880,165 shares. Essex Inv Mgmt Ltd Liability Co last reported 54,368 shares in the company. Teachers Advsr, a New York-based fund reported 19,766 shares. Gabelli Funds accumulated 0.02% or 54,209 shares. Ladenburg Thalmann Fincl Service, a Florida-based fund reported 862 shares. Goldman Sachs Group Incorporated holds 653,295 shares or 0.01% of its portfolio. Cam Grp Inc Hldgs A S owns 50,000 shares or 0.05% of their US portfolio. Ws Mngmt Lllp holds 399,900 shares or 0.72% of its portfolio. Blackrock Llc has 5,956 shares for 0% of their US portfolio. American Group Incorporated has invested 0% 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 Prnewswire.com with their article: “Lifshitz & Miller Law Firm Announces Investigation of Adeptus Health Inc …” published on December 01, 2016, Businesswire.com published: “Robbins Arroyo LLP: Adeptus Health Inc. (ADPT) Misled Shareholders According …” on November 23, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Businesswire.com and their article: “Adeptus Health Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and …” published on November 22, 2016 as well as Prnewswire.com‘s news article titled: “Adeptus Health Announces Appointment Of Gregory W. Scott As Chairman Of The …” with publication date: November 01, 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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