Apollo Medical Holdings Inc (NASDAQ:AMEH) Short Interest Update

Apollo Medical Holdings Inc (NASDAQ:AMEH) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 658,600 shares, a drop of 6.3% from the May 15th total of 702,900 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 65,800 shares, the short-interest ratio is presently 10.0 days.

AMEH traded up $0.01 during trading hours on Friday, hitting $15.33. The company’s stock had a trading volume of 26,924 shares, compared to its average volume of 82,353. Apollo Medical has a fifty-two week low of $13.36 and a fifty-two week high of $28.67. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $548.32 million, a price-to-earnings ratio of 52.86, a PEG ratio of 4.51 and a beta of -0.78. The business’s 50-day moving average is $15.65.

In related news, CFO Eric Chin purchased 2,040 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $14.72 per share, for a total transaction of $30,028.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adrian Vazquez sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $16.35, for a total value of $1,389,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 26,036 shares of company stock worth $375,418. 16.88% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AMEH. Great West Life Assurance Co. Can bought a new position in Apollo Medical during the 4th quarter valued at $99,000. SG Americas Securities LLC bought a new position in Apollo Medical during the 1st quarter valued at $106,000. Strs Ohio boosted its stake in Apollo Medical by 98.6% during the 1st quarter. Strs Ohio now owns 14,300 shares of the company’s stock valued at $261,000 after purchasing an additional 7,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Apollo Medical by 154.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 32,242 shares of the company’s stock valued at $640,000 after purchasing an additional 19,561 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Apollo Medical by 63.4% during the 4th quarter. Bank of New York Mellon Corp now owns 59,862 shares of the company’s stock valued at $1,188,000 after purchasing an additional 23,217 shares in the last quarter. 6.67% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on AMEH. TheStreet cut The Providence Service from a “b-” rating to a “c+” rating in a research report on Friday, June 28th. Zacks Investment Research cut Hanger from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Finally, ValuEngine cut Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 6th.

Apollo Medical Company Profile

Apollo Medical Holdings, Inc, a physician-centric integrated population health management company, provides medical care services. The company offers care coordination services to principal constituents of the healthcare delivery system, including patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.

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