Virginia Retirement Systems ET AL Invests $1.80 Million in Amedisys Inc (AMED)

Virginia Retirement Systems ET AL purchased a new position in shares of Amedisys Inc (NASDAQ:AMED) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 32,200 shares of the health services provider’s stock, valued at approximately $1,802,000. Virginia Retirement Systems ET AL owned 0.10% of Amedisys at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Legal & General Group Plc grew its holdings in Amedisys by 7.6% during the third quarter. Legal & General Group Plc now owns 59,025 shares of the health services provider’s stock valued at $3,303,000 after purchasing an additional 4,166 shares during the period. FNY Managed Accounts LLC acquired a new position in Amedisys during the third quarter valued at approximately $900,000. NorthCoast Asset Management LLC acquired a new position in Amedisys during the third quarter valued at approximately $262,000. American International Group Inc. grew its holdings in Amedisys by 6.0% during the third quarter. American International Group Inc. now owns 22,560 shares of the health services provider’s stock valued at $1,262,000 after purchasing an additional 1,285 shares during the period. Finally, Sivik Global Healthcare LLC grew its holdings in Amedisys by 23.3% during the third quarter. Sivik Global Healthcare LLC now owns 55,000 shares of the health services provider’s stock valued at $3,078,000 after purchasing an additional 10,393 shares during the period. Institutional investors own 94.32% of the company’s stock.

Amedisys Inc (NASDAQ AMED) opened at $52.65 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.16. Amedisys Inc has a one year low of $38.00 and a one year high of $65.91. The firm has a market cap of $1,790.00, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70.

Amedisys (NASDAQ:AMED) last announced its quarterly earnings results on Tuesday, November 7th. The health services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Amedisys had a net margin of 2.88% and a return on equity of 14.68%. The firm had revenue of $380.20 million for the quarter, compared to analyst estimates of $384.59 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. equities research analysts expect that Amedisys Inc will post 2.23 EPS for the current year.

A number of brokerages recently issued reports on AMED. William Blair restated an “outperform” rating on shares of Amedisys in a report on Tuesday, November 21st. SunTrust Banks restated a “buy” rating and set a $70.00 price objective on shares of Amedisys in a report on Friday, November 10th. Robert W. Baird boosted their price objective on shares of Amedisys from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Craig Hallum reaffirmed a “buy” rating and issued a $68.00 price target (up previously from $55.00) on shares of Amedisys in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 price target (up previously from $56.00) on shares of Amedisys in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $61.00.

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Amedisys Company Profile

Amedisys, Inc is a healthcare services company. The Company’s segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. As of December 31, 2016, the Company owned and operated 327 Medicare-certified home healthcare centers, 79 Medicare-certified hospice care centers and 14 personal-care care centers in 34 states within the United States and the District of Columbia.

Institutional Ownership by Quarter for Amedisys (NASDAQ:AMED)

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