Long Position on AMEH @ $91.25 on 9/15/2021 (Fundamentals)

Apollo Medical Holdings, Inc. (AMEH), a physician-centric technology-powered healthcare management 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. It offers care coordination services to patients, families, primary care physicians, specialists, acute care hospitals, alternative sites of inpatient care, physician groups, and health plans.

The company's physician network consists of primary care physicians, specialist physicians, and hospitalists.

It serves patients, primarily covered by private or public insurance, such as Medicare, Medicaid, and health maintenance organization plans; and non-insured patients in California.

Apollo Medical Holdings, Inc. reported 2nd Quarter June 2021 earnings of $0.28 per share on revenue of $175.6 million. The consensus earnings estimate was $0.21 per share on revenue of $170.9 million. Revenue grew 6.3% on a year-over-year basis.

The company said it expects 2021 revenue of $700.0 million to $720.0 million. The company's previous guidance was revenue of $690.0 million to $710.0 million and the current consensus revenue estimate is $710.00 million for the year ending December 31, 2021.

Apollo Medical Holdings' "bullish cup and handle" formation suggests that shares should be rising in the coming weeks.

Entry Point: $91.25

Trading Range: $16.21 - $114.55

Stop Loss: $86.75

Target Price: $100.25

Position closed on 10/20/2021 at price of $86.75 with a -4.93% loss in 35 days.

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