Apollo Medical (NASDAQ:AMEH) Trading Down 4.1%

Apollo Medical Holdings, Inc. (NASDAQ:AMEH) was down 4.1% during trading on Tuesday . The stock traded as low as $31.80 and last traded at $31.83. Approximately 50,509 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 172,843 shares. The stock had previously closed at $33.20.

Apollo Medical Stock Performance

The company has a market cap of $1.83 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 2.55 and a beta of 0.83. The firm’s fifty day moving average is $35.55 and its 200 day moving average is $35.16. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.36.

Apollo Medical (NASDAQ:AMEH) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Apollo Medical had a net margin of 3.95% and a return on equity of 11.00%. The company had revenue of $348.21 million during the quarter, compared to analyst estimates of $341.10 million. As a group, research analysts predict that Apollo Medical Holdings, Inc. will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Apollo Medical

Large investors have recently modified their holdings of the business. Credit Suisse AG grew its holdings in shares of Apollo Medical by 5.3% during the first quarter. Credit Suisse AG now owns 51,251 shares of the company’s stock worth $1,869,000 after buying an additional 2,558 shares in the last quarter. Ziegler Capital Management LLC purchased a new stake in shares of Apollo Medical during the first quarter worth $5,312,000. Citigroup Inc. grew its holdings in shares of Apollo Medical by 40.1% during the fourth quarter. Citigroup Inc. now owns 26,116 shares of the company’s stock worth $773,000 after buying an additional 7,479 shares in the last quarter. Steel Peak Wealth Management LLC boosted its position in shares of Apollo Medical by 19.1% during the 1st quarter. Steel Peak Wealth Management LLC now owns 324,435 shares of the company’s stock valued at $11,832,000 after acquiring an additional 51,935 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of Apollo Medical by 32.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,269 shares of the company’s stock valued at $1,286,000 after acquiring an additional 8,575 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Apollo Medical

Apollo Medical Holdings, Inc, a physician-centric technology-powered healthcare company, provides medical care services in the United States. 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.