State of Alaska Department of Revenue increased its stake in Apollo Medical Holdings, Inc. (NASDAQ:AMEH – Get Rating) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,832 shares of the company's stock after buying an additional 2,480 shares during the period. State of Alaska Department of Revenue owned 0.05% of Apollo Medical worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMEH. Lazard Asset Management LLC bought a new position in Apollo Medical in the 1st quarter valued at approximately $66,000. PNC Financial Services Group Inc. lifted its position in Apollo Medical by 49.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,563 shares of the company's stock valued at $75,000 after acquiring an additional 520 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Apollo Medical by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 5,442 shares of the company's stock valued at $264,000 after acquiring an additional 282 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in Apollo Medical in the 1st quarter valued at approximately $266,000. Finally, GSA Capital Partners LLP bought a new position in Apollo Medical in the 1st quarter valued at approximately $331,000. Hedge funds and other institutional investors own 32.03% of the company's stock.
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Apollo Medical Trading Down 2.8 %
Shares of NASDAQ:AMEH opened at $39.39 on Wednesday. Apollo Medical Holdings, Inc. has a 52-week low of $29.52 and a 52-week high of $133.23. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 24.62 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.49 and a current ratio of 2.49. The stock's 50-day simple moving average is $46.38 and its two-hundred day simple moving average is $42.46.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Barclays upped their price objective on Apollo Medical from $50.00 to $57.00 and gave the company an "equal weight" rating in a research report on Monday, August 8th. William Blair started coverage on Apollo Medical in a research report on Wednesday, September 21st. They issued an "outperform" rating on the stock.
About Apollo Medical
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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.
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