Apollo Medical Holdings Inc (NASDAQ:AMEH) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 872,600 shares, a decrease of 23.5% from the December 15th total of 1,140,000 shares. Based on an average daily trading volume, of 137,300 shares, the days-to-cover ratio is presently 6.4 days. Currently, 10.1% of the company’s stock are sold short.
Shares of AMEH stock opened at $17.51 on Tuesday. Apollo Medical has a 1-year low of $13.02 and a 1-year high of $23.26. The stock’s 50-day moving average is $18.23 and its 200 day moving average is $16.95. The company has a market cap of $610.98 million, a P/E ratio of 60.38, a PEG ratio of 2.74 and a beta of -0.86. The company has a debt-to-equity ratio of 1.28, a current ratio of 3.05 and a quick ratio of 3.05.
Apollo Medical (NASDAQ:AMEH) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Apollo Medical had a return on equity of 3.16% and a net margin of 0.88%. The company had revenue of $156.06 million for the quarter. On average, analysts anticipate that Apollo Medical will post 0.4 EPS for the current year.
In related news, CEO Thomas S. Lam acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $16.30 per share, with a total value of $163,000.00. Also, major shareholder Physicians Of Californi Allied acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average cost of $18.35 per share, for a total transaction of $275,250.00. Insiders have bought a total of 290,459 shares of company stock worth $5,202,378 in the last three months. Corporate insiders own 11.83% of the company’s stock.
A number of hedge funds have recently modified their holdings of AMEH. JPMorgan Chase & Co. boosted its holdings in Apollo Medical by 113.7% in the second quarter. JPMorgan Chase & Co. now owns 1,733 shares of the company’s stock worth $28,000 after acquiring an additional 922 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Apollo Medical by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 61,347 shares of the company’s stock worth $1,025,000 after acquiring an additional 1,205 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Apollo Medical by 1,518.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,414 shares of the company’s stock worth $57,000 after acquiring an additional 3,203 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Apollo Medical by 23.4% in the second quarter. Wells Fargo & Company MN now owns 32,722 shares of the company’s stock worth $547,000 after acquiring an additional 6,215 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Apollo Medical by 52.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,822 shares of the company’s stock worth $332,000 after acquiring an additional 6,816 shares in the last quarter. 15.96% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on AMEH. Zacks Investment Research raised Apollo Medical from a “strong sell” rating to a “hold” rating in a research report on Monday. ValuEngine raised Apollo Medical from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th.
About Apollo Medical
Apollo Medical Holdings, Inc, a physician-centric integrated population health management company, provides medical care services. The company offers care coordination services to principal constituents of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.
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