Eqis Capital Management buys $1,152,303 stake in Chemed Corporation (CHE)

Chemed Corporation (CHE) : Eqis Capital Management scooped up 1,904 additional shares in Chemed Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 8,177 shares of Chemed Corporation which is valued at $1,152,303.Chemed Corporation makes up approximately 0.07% of Eqis Capital Management’s portfolio.

Chemed Corporation opened for trading at $139.66 and hit $141.69 on the upside on Tuesday, eventually ending the session at $140.94, with a gain of 0.51% or 0.72 points. The heightened volatility saw the trading volume jump to 1,00,573 shares. Company has a market cap of $2,282 M.

On the company’s financial health, Chemed Corporation reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.72. The company had revenue of $390.40 million for the quarter, compared to analysts expectations of $393.76 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Chemed Corporation. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 162 from a previous price target of $136 .

Chemed Corporation (Chemed) purchases operates and divests subsidiaries engaged in diverse business activities. The Company operates its business in two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter). The Company’s VITAS segment provides hospice and palliative care services to its patients through a network of physicians registered nurses home health aides social workers clergy and volunteers. VITAS and Innovative Hospice Care are trademarks and service marks of VITAS Healthcare Corporation a wholly owned indirect subsidiary of the Company. The Company’s Roto-Rooter segment provides plumbing and drain cleaning services to both residential and commercial customers. The Roto-Rootera trademarks and service marks are used and advertised by Roto-Rooter Corporation a wholly owned indirect subsidiary of the Company. The Company operates through two wholly owned subsidiaries: VITAS Healthcare Corporation and Roto-Rooter Group Inc.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Chemed Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chemed Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.