State Board of Administration of Florida Retirement System raised its holdings in shares of Apollo Medical Holdings, Inc. (NASDAQ:AMEH – Get Rating) by 41.0% during the second quarter, HoldingsChannel.com reports. The firm owned 14,100 shares of the company’s stock after acquiring an additional 4,100 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Apollo Medical were worth $544,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Apollo Medical by 285.7% in the second quarter. Nisa Investment Advisors LLC now owns 810 shares of the company’s stock worth $31,000 after purchasing an additional 600 shares during the period. Lazard Asset Management LLC bought a new position in Apollo Medical in the 1st quarter valued at $66,000. PNC Financial Services Group Inc. lifted its holdings in Apollo Medical by 49.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,563 shares of the company’s stock worth $75,000 after purchasing an additional 520 shares in the last quarter. KBC Group NV bought a new position in shares of Apollo Medical during the 2nd quarter valued at about $131,000. Finally, Envestnet Asset Management Inc. bought a new position in Apollo Medical during the 2nd quarter worth approximately $230,000. 32.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AMEH. Barclays lifted their target price on Apollo Medical from $50.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. William Blair assumed coverage on Apollo Medical in a research note on Wednesday, September 21st. They issued an “outperform” rating on the stock.
Apollo Medical Stock Performance
Apollo Medical Profile
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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