Short Interest Filing: Adeptus Health Incorporated (NYSE:ADPT) Shorts Decreased by 5.09% After Short Covering

November 23, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Filing: Adeptus Health Incorporated (NYSE:ADPT) Shorts Decreased by 5.09% After Short Covering

The stock of Adeptus Health Incorporated (NYSE:ADPT) registered a decrease of 5.09% in short interest. ADPT’s total short interest was 7.26M shares in November as published by FINRA. Its down 5.09% from 7.65 million shares, reported previously. With 544,700 shares average volume, it will take short sellers 13 days to cover their ADPT’s short positions. The short interest to Adeptus Health Incorporated’s float is 80.19%. About 411,879 shares traded hands. Adeptus Health Inc (NYSE:ADPT) has declined 84.96% since April 21, 2016 and is downtrending. It has underperformed by 90.29% the S&P500.

Adeptus Health Inc. is a patient-centered healthcare company. The company has a market cap of $191.78 million. The Firm is engaged in providing emergency medical care through a network of independent freestanding emergency rooms in the United States and partnerships with various healthcare systems. It has a 1.72 P/E ratio. The Firm has approximately 80 freestanding facilities and over two licensed general hospitals.

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 1.06, from 1.96 in 2016Q1. The ratio worsened, as 29 funds sold all Adeptus Health Inc shares owned while 25 reduced positions. 22 funds bought stakes while 84 increased positions. They now own 21.33 million shares or 18.77% more from 17.95 million shares in 2016Q1.
Credit Agricole S A, a France-based fund reported 23,887 shares. Comerica Commercial Bank has 31,337 shares for 0.01% of their US portfolio. Brown Brothers Harriman & Communications holds 0% of its portfolio in Adeptus Health Inc (NYSE:ADPT) for 67 shares. Icon Advisers Incorporated reported 6,600 shares or 0.02% of all its holdings. Granite Point Capital Mngmt Lp owns 100,650 shares or 2.23% of their US portfolio. Laurion Cap Mngmt L P holds 0.01% of its portfolio in Adeptus Health Inc (NYSE:ADPT) for 18,400 shares. Prudential holds 164,633 shares or 0.01% of its portfolio. Principal Grp last reported 0.01% of its portfolio in the stock. Vanguard Gp reported 1.14 million shares or 0% of all its holdings. Td Asset Mngmt owns 42,400 shares or 0% of their US portfolio. Legal General Grp Public Ltd reported 1,908 shares or 0% of all its holdings. Kalmar Invests De has 0.64% invested in the company for 278,800 shares. Moreover, Natl Bank Of America De has 0% invested in Adeptus Health Inc (NYSE:ADPT) for 198,824 shares. Moreover, Redmile Grp Lc has 0.81% invested in Adeptus Health Inc (NYSE:ADPT) for 163,474 shares. Tci Wealth Advisors holds 24 shares or 0% of its portfolio.

Adeptus Health Inc (NYSE:ADPT) Ratings Coverage

Out of 8 analysts covering Adeptus Health (NYSE:ADPT), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Adeptus Health has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. As per Wednesday, November 18, the company rating was maintained by Dougherty & Company. The firm has “Market Outperform” rating by JMP Securities given on Wednesday, August 31. The rating was downgraded by Goldman Sachs on Friday, November 4 to “Neutral”. The stock of Adeptus Health Inc (NYSE:ADPT) has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. As per Wednesday, November 2, the company rating was downgraded by Jefferies. Jefferies maintained Adeptus Health Inc (NYSE:ADPT) rating on Monday, July 11. Jefferies has “Buy” rating and $113 price target. The rating was initiated by Jefferies with “Buy” on Monday, August 3. Bank of America downgraded Adeptus Health Inc (NYSE:ADPT) on Wednesday, November 2 to “Underperform” rating. The rating was maintained by KeyBanc Capital Markets on Friday, September 18 with “Overweight”. RBC Capital Markets maintained Adeptus Health Inc (NYSE:ADPT) on Friday, July 24 with “Outperform” rating.

ADPT Company Profile

Adeptus Health Inc., incorporated on March 7, 2014, is a patient-centered healthcare company. The Firm is engaged in providing emergency medical care through a network of independent freestanding emergency rooms in the United States and partnerships with various healthcare systems. The Firm has approximately 80 freestanding facilities and over two licensed general hospitals. The Firm owns or operates facilities located in the Houston, Dallas/Fort Worth, San Antonio and Austin, Texas markets; Colorado Springs and Denver, Colorado markets, and Phoenix, Arizona market.

More notable recent Adeptus Health Inc (NYSE:ADPT) news were published by: Businesswire.com which released: “Robbins Arroyo LLP: Adeptus Health Inc. (ADPT) Misled Shareholders According …” on November 23, 2016, also Globenewswire.com with their article: “ADEPTUS HEALTH INC. INVESTOR ALERT: Hagens Berman Alerts Adeptus Health …” published on November 23, 2016, Businesswire.com published: “Adeptus Health Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and …” on November 22, 2016. More interesting news about Adeptus Health Inc (NYSE:ADPT) were released by: Dallasnews.com and their article: “Lewisville-based Adeptus Health CEO ‘accelerates retirement’ amid company’s …” published on November 08, 2016 as well as Prnewswire.com‘s news article titled: “Adeptus Health Announces Appointment Of Gregory W. Scott As Chairman Of The …” with publication date: November 01, 2016.

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