Prudential Financial Inc. Acquires Shares of 17,056 Apollo Medical Holdings, Inc. (NASDAQ:AMEH)

Prudential Financial Inc. acquired a new stake in shares of Apollo Medical Holdings, Inc. (NASDAQ:AMEH) in the second quarter, HoldingsChannel.com reports. The firm acquired 17,056 shares of the company’s stock, valued at approximately $1,071,000.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Apollo Medical by 127.8% during the 2nd quarter. BlackRock Inc. now owns 3,400,682 shares of the company’s stock valued at $213,597,000 after purchasing an additional 1,907,983 shares during the last quarter. Vanguard Group Inc. lifted its stake in Apollo Medical by 36.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,736,411 shares of the company’s stock valued at $109,064,000 after acquiring an additional 463,617 shares during the period. State Street Corp lifted its stake in Apollo Medical by 104.8% during the 2nd quarter. State Street Corp now owns 754,703 shares of the company’s stock valued at $47,403,000 after acquiring an additional 386,270 shares during the period. Dimensional Fund Advisors LP lifted its stake in Apollo Medical by 117.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 245,238 shares of the company’s stock valued at $15,403,000 after acquiring an additional 132,285 shares during the period. Finally, Northern Trust Corp lifted its stake in Apollo Medical by 51.4% during the 2nd quarter. Northern Trust Corp now owns 370,688 shares of the company’s stock valued at $23,283,000 after acquiring an additional 125,891 shares during the period. Institutional investors and hedge funds own 23.07% of the company’s stock.

AMEH stock opened at $98.30 on Thursday. The firm has a fifty day moving average price of $87.18 and a 200 day moving average price of $73.80. Apollo Medical Holdings, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $133.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.66 and a current ratio of 3.66. The firm has a market cap of $5.46 billion, a PE ratio of 61.82, a price-to-earnings-growth ratio of 3.55 and a beta of 0.30.

Apollo Medical (NASDAQ:AMEH) last posted its quarterly earnings data on Thursday, November 4th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.34 by $0.35. The company had revenue of $227.12 million during the quarter. Apollo Medical had a net margin of 9.28% and a return on equity of 18.39%. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Apollo Medical Holdings, Inc. will post 1.6 EPS for the current year.

AMEH has been the topic of several research analyst reports. Zacks Investment Research cut shares of Apollo Medical from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 24th. Colliers Securities reiterated a “buy” rating on shares of Apollo Medical in a research note on Tuesday, August 10th. Finally, Barclays started coverage on shares of Apollo Medical in a research note on Thursday, August 12th. They set an “equal weight” rating and a $92.00 target price for the company.

Apollo Medical Profile

Apollo Medical Holdings, Inc is a physician-centric, technology-powered, risk-bearing healthcare management company. It focuses on providing population health management and healthcare delivery platform. The company operates as an integrated, value-based healthcare model, which aims to empower the providers in its network to deliver the highest quality of care to its patients in a cost-effective manner.

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Institutional Ownership by Quarter for Apollo Medical (NASDAQ:AMEH)

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