Apollo Medical Holdings, Inc. (NASDAQ:AMEH – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,560,000 shares, a drop of 6.6% from the October 15th total of 2,740,000 shares. Based on an average trading volume of 173,900 shares, the days-to-cover ratio is currently 14.7 days. Approximately 8.0% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
Separately, BTIG Research began coverage on shares of Apollo Medical in a report on Tuesday, October 17th. They issued a “buy” rating and a $45.00 target price for the company.
Apollo Medical Trading Up 1.8 %
Institutional Investors Weigh In On Apollo Medical
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG lifted its holdings in Apollo Medical by 5.3% during the 1st quarter. Credit Suisse AG now owns 51,251 shares of the company’s stock valued at $1,869,000 after buying an additional 2,558 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Apollo Medical by 15.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock valued at $667,000 after purchasing an additional 2,800 shares in the last quarter. Ziegler Capital Management LLC bought a new stake in shares of Apollo Medical in the 1st quarter valued at about $5,312,000. Steel Peak Wealth Management LLC raised its holdings in shares of Apollo Medical by 19.1% in the 1st quarter. Steel Peak Wealth Management LLC now owns 324,435 shares of the company’s stock valued at $11,832,000 after purchasing an additional 51,935 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Apollo Medical by 32.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 35,269 shares of the company’s stock valued at $1,286,000 after purchasing an additional 8,575 shares in the last quarter. Institutional investors own 35.88% of the company’s stock.
Apollo Medical Company Profile
Apollo Medical Holdings, Inc, a physician-centric technology-powered healthcare company, provides medical care services in the United States. 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.
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