Finance

How Insiders and Institutions are Trading Envision Healthcare Corporation (EVHC)

Recent insider trends for Envision Healthcare Corporation (NYSE:EVHC) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. EVHC’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 115.72% of Envision Healthcare Corporation (EVHC)’s shares. The total value of these holdings, in millions, is $3,620. Among active positions in the latest quarter, 206 holders increased their positions by a total of 32.95 million shares, 179 holders decreased the positions by a total of 12.28 million shares, and 44 holders held their positions. This works out to a net increase in ownership of 20.67 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 41 holders initiated new positions by a total of 8.27 million shares and 53 holders exited their positions by a total of 3.01 million shares. This nets out to an increase of 5.26 million shares and is a bullish sign for EVHC.

In the last three months, insiders executed a total of 2 trades. 2 of these were buys. Insider ownership increased by a total of 11428 shares, which suggests that EVHC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 56 buys and 26 sells, and ownership increased by a net of 1.71 million shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Envision Healthcare Corporation (NYSE:EVHC)’s short interest is 18.48 million shares, or % of the float. This represents an increase of 10% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that EVHC is a Strong sell, which implies that EVHC is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Envision Healthcare Corporation (NYSE:EVHC) is overvalued.

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