Invictus RG trimmed its position in Amedisys Inc (NASDAQ:AMED) by 36.7% in the third quarter, Holdings Channel reports. The fund owned 2,302 shares of the health services provider’s stock after selling 1,332 shares during the quarter. Invictus RG’s holdings in Amedisys were worth $288,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Amedisys in the second quarter valued at $149,000. Moneta Group Investment Advisors LLC acquired a new stake in Amedisys in the second quarter valued at $181,000. Cubist Systematic Strategies LLC increased its holdings in Amedisys by 1,086.0% in the second quarter. Cubist Systematic Strategies LLC now owns 2,372 shares of the health services provider’s stock valued at $203,000 after purchasing an additional 2,172 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in Amedisys in the third quarter valued at $203,000. Finally, Ibex Investors LLC acquired a new stake in Amedisys in the third quarter valued at $215,000. Institutional investors own 92.39% of the company’s stock.
Shares of Amedisys stock opened at $130.30 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.06 and a quick ratio of 1.06. Amedisys Inc has a 1-year low of $49.80 and a 1-year high of $140.91. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 58.96, a price-to-earnings-growth ratio of 2.02 and a beta of 1.29.
In other Amedisys news, insider David L. Kemmerly sold 6,500 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $118.87, for a total transaction of $772,655.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher Gerard sold 7,892 shares of the stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $119.02, for a total value of $939,305.84. Following the sale, the chief operating officer now owns 29,429 shares of the company’s stock, valued at $3,502,639.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,486 shares of company stock valued at $4,449,649. Company insiders own 2.60% of the company’s stock.
A number of research firms recently weighed in on AMED. ValuEngine upgraded Amedisys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 28th. UBS Group began coverage on Amedisys in a report on Friday, November 16th. They issued a “neutral” rating and a $126.00 price objective for the company. Bank of America set a $139.00 price objective on Amedisys and gave the company a “buy” rating in a report on Tuesday, September 18th. Cantor Fitzgerald began coverage on Amedisys in a report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 price objective for the company. Finally, Canaccord Genuity began coverage on Amedisys in a report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $107.08.
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Amedisys, Inc, together with its subsidiaries, provides healthcare services in the United States. It operates through three segments: Home Health, Hospice, and Personal Care. The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses, physical and speech therapists, occupational therapists, and aides for its patients to complete their important personal tasks.
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