November 16, 2016
Stock-Callers.com presents four equities for review which are: Brookdale Senior Living Inc. (NYSE: BKD), Envision Healthcare Holdings Inc. (NYSE: EVHC), Kindred Healthcare Inc. (NYSE: KND), and Adeptus Health Inc. (NYSE: ADPT). These companies belong to the Healthcare sector which was considerably lower on Friday, November 11, 2016, with the NYSE Health Care Index sliding more than 1.0%, and shares of health care companies in the S&P 500 declining 1.6% as a group.
Brookdale Senior Living
Shares in Brentwood, Tennessee headquartered Brookdale Senior Living Inc. ended Friday’s session 3.75% lower at $12.05. A total volume of 5.43 million shares was traded, which was above their three months average volume of 3.68 million shares. The stock is trading 24.38% below its 50-day moving average. Moreover, shares of Brookdale Senior Living, which owns and operates senior living communities in the US, have a Relative Strength Index (RSI) of 25.29.
As per notes filed with the SEC on November 04th, 2016, effective November 1st, 2016, Daniel A. Decker was appointed as Executive Chairman of the Board of Directors of Brookdale Senior Living Inc. Mr. Decker will also continue to serve as a member of the Investment Committee of the Board.
On November 11th, 2016, research firm Jefferies downgraded the Company’s stock rating from ‘Buy’ to ‘Hold’.
Greenwood Village, Colorado headquartered Envision Healthcare Holdings Inc.’s stock rose 1.57%, closing the day at $20.11. A total volume of 3.27 million shares was traded, which was higher than their three months average volume of 2.39 million shares. The Company’s shares are trading 6.69% below their 50-day moving average. Additionally, shares of Envision Healthcare, which provides physician-led outsourced medical services to consumers, hospitals, healthcare systems, health plans, and government entities in the US, have an RSI of 44.25.
On November 02nd, 2016, research firm Wells Fargo upgraded the Company’s stock rating from ‘Market Perform’ to ‘Outperform’.
On November 10th, 2016, in connection with the proposed merger of Envision Healthcare and AMSURG Corp., both companies announced that New Amethyst Corp., to be renamed Envision Healthcare Corp., a wholly owned subsidiary of AMSURG that will survive the merger, is commencing a private offering of $750 million aggregate principal amount of senior unsecured notes due 2024.
Last Friday, shares in Louisville, Kentucky headquartered Kindred Healthcare Inc. jumped 6.50%, closing the session at $6.55. The stock recorded a trading volume of 2.41 million shares, which was higher than its three months average volume of 1.06 million shares. Shares of the Company, which provides healthcare services in the US, are trading 32.59% below their 50-day moving average. Furthermore, Kindred Healthcare’s stock has an RSI of 29.71.
On November 10th, 2016, research firm RBC Capital Markets downgraded the Company’s stock rating from ‘Outperform’ to ‘Sector Perform’. The research firm also revised downwards its previous target price from $16 to $9.
On November 07th, 2016, Kindred Healthcare announced that its Board of Directors approved the payment of a cash dividend of $0.12 per common share to its common shareholders. The dividend will be paid on December 9th, 2016, to common shareholders of record as of the close of business on November 21st, 2016. Kindred also announced that its Board of Directors has approved payment in cash of the scheduled December 1st, 2016 installment payment of $18.75 per share of the Company’s Mandatory Redeemable Preferred Stock, Series A. The installment payment will be paid on December 1st, 2016 to the preferred shareholders of record as of 5:00 p.m. ET, on November 15th, 2016.
Lewisville, Texas-based Adeptus Health Inc.’s stock finished the session 7.89% higher at $9.71. A total volume of 1.65 million shares was traded, which was above their three months average volume of 976,490 shares. The Company’s shares are trading below their 50-day moving average by 71.64%. Additionally, shares of Adeptus Health, which owns and operates a network of independent freestanding emergency rooms in the US, have an RSI of 15.03.
On November 04th, 2016, research firm Goldman downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.
On November 08th, 2016, Adeptus Health announced that Gregory W. Scott, who was recently appointed Chairman of the Board of Directors, has been appointed interim Chief Executive Officer effective immediately, following the resignation of Thomas S. Hall. In September, 2016 Mr. Hall informed the Board of his plans to retire by mid-2017. Given the recent challenges at the Company, Mr. Hall decided to accelerate his retirement.