New York State Teachers Retirement System Has $1.77 Million Stock Position in Apollo Medical Holdings, Inc. (NASDAQ:AMEH)

Posted by Defense World Staff on Jan 19th, 2023

New York State Teachers Retirement System increased its stake in shares of Apollo Medical Holdings, Inc. (NASDAQ:AMEH – Get Rating) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,264 shares of the company’s stock after buying an additional 2,600 shares during the period. New York State Teachers Retirement System owned 0.08% of Apollo Medical worth $1,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Maryland State Retirement & Pension System lifted its position in Apollo Medical by 3.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 16,044 shares of the company’s stock worth $626,000 after buying an additional 595 shares in the last quarter. Steel Peak Wealth Management LLC lifted its position in Apollo Medical by 22.5% during the 3rd quarter. Steel Peak Wealth Management LLC now owns 272,500 shares of the company’s stock valued at $10,628,000 after purchasing an additional 50,000 shares during the period. Texas Permanent School Fund lifted its position in Apollo Medical by 2.4% during the 3rd quarter. Texas Permanent School Fund now owns 28,221 shares of the company’s stock valued at $1,101,000 after purchasing an additional 674 shares during the period. Louisiana State Employees Retirement System acquired a new position in Apollo Medical during the 3rd quarter valued at about $729,000. Finally, Nordea Investment Management AB lifted its position in Apollo Medical by 17.7% during the 3rd quarter. Nordea Investment Management AB now owns 98,736 shares of the company’s stock valued at $3,906,000 after purchasing an additional 14,859 shares during the period. Institutional investors and hedge funds own 34.91% of the company’s stock.

Apollo Medical Stock Performance

Shares of AMEH stock opened at $34.52 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.84 and a quick ratio of 2.84. The stock has a market cap of $1.96 billion, a PE ratio of 24.31 and a beta of 0.61. The stock has a 50-day moving average of $30.40 and a 200-day moving average of $38.24. Apollo Medical Holdings, Inc. has a one year low of $26.89 and a one year high of $61.86.

Apollo Medical (NASDAQ:AMEH – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.36. The company had revenue of $317.00 million during the quarter, compared to analysts’ expectations of $269.60 million. Apollo Medical had a return on equity of 13.49% and a net margin of 6.26%. As a group, sell-side analysts expect that Apollo Medical Holdings, Inc. will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMEH. Lake Street Capital began coverage on shares of Apollo Medical in a research report on Monday, December 19th. They set a “buy” rating and a $40.00 target price on the stock. William Blair began coverage on shares of Apollo Medical in a research report on Wednesday, September 21st. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.50.

Apollo Medical Company Profile

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Apollo Medical Holdings, Inc, a physician-centric technology-powered healthcare company, provides medical care services. The company is leveraging its proprietary population health management and healthcare delivery platform, operates an integrated, value-based healthcare model which empowers the providers in its network to deliver care to its patients.