Quorum Health Corporation (QHC)

Claudine Rigal
Août 12, 2017

Media headlines about Quorum Health Corporation (NYSE:QHC) have been trending somewhat positive on Monday, according to Accern. The Company operates in two segments: Hospital operations, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services, and hospital management advisory and consulting services, which includes Quorum Health Resources, LLC (QHR). Its hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery and rehabilitation services. On Monday, May 16 the stock rating was initiated by Morgan Stanley with "Equal-Weight". Two Brokerage firms have recommended the share with a sell recommendation and five has issued a hold recommendation to The corporation. the share presently has a consensus recommendation of "Hold" and a consensus price objective of $4.57. The stock now has an average rating of "Hold" and an average price target of $4.57.

Among 8 analysts covering Quorum Health (NYSE:QHC), 0 have Buy rating, 2 Sell and 6 Hold. About 352,211 shares traded or 53.95% up from the average. The company has market cap of $94.25 million. Quorum Health Corporation earned a media sentiment score of 0.19 on Accern's scale. The stock price recently experienced a 5-day gain of 8% with 0.12 average true range (ATR).

United States of America based company, Quorum Health Corporation (QHC)'s latest closing price was -45.60% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -16.36% and -12.14% compared with the 20 Day Moving Average. The company reported ($0.85) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.49) by $0.36. The business had revenue of $530.15 million for the quarter, compared to analyst estimates of $513.50 million. Bank Of America Corp De owns 1 shares or 0% of their United States portfolio. The firm's quarterly revenue was down 4.0% on a year-over-year basis. Quorum Health Corporation had a negative net margin of 16.94% and a negative return on equity of 60.49%. If you are reading this report on another domain, it was stolen and republished in violation of USA and global copyright & trademark law. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of global trademark & copyright legislation. The legal version of this story can be accessed at https://rinconhillneighbors.org/2017/08/11/quorum-health-corporation-qhc-downgraded-by-zacks-investment-research.html. The shares were purchased at an average price of $2.85 per share, with a total value of $527,250.00. Following the acquisition, the insider now owns 814,139 shares in the company, valued at approximately $2,320,296.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

In related news, insider Thomas Daniel Miller acquired 185,000 shares of the stock in a transaction that occurred on Thursday, May 18th.

Analysts are speculating a 196.3% move, based on the high target price ($4) for the shares that is set to reach in the next 12 months. Comerica Bank now owns 31,340 shares of the company's stock valued at $285,000 after buying an additional 1,534 shares during the period. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 197,500 shares of company stock valued at $568,190. NY now owns 25,111 shares of the company's stock valued at $183,000 after buying an additional 22,477 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company's stock. Comerica Bank raised its stake in Quorum Health Corporation by 5.1% in the fourth quarter. L.P. now owns 1,663,181 shares of the company's stock worth $9,048,000 after buying an additional 1,387,064 shares during the period. Citigroup Inc. now owns 29,080 shares of the company's stock valued at $121,000 after buying an additional 1,027 shares during the last quarter. Goldman Sachs Group Inc. now owns 859,477 shares of the company's stock worth $4,676,000 after buying an additional 452,671 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Quorum Health Corporation by 1.8% in the second quarter.

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