Nobilis Health Corp (NYSE:HLTH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Nobilis Health Corp. own and manage ambulatory and acute care facilities for healthcare services. In addition, it owns and manages ambulatory surgery centers, acute care hospital, imaging centers and urgent care clinic. The company operates primarily in Houston, Dallas and Scottsdale, Arizona. Nobilis Health Corp. is headquartered in Houston, Texas. “
Separately, Canaccord Genuity began coverage on shares of Nobilis Health Corp in a research report on Wednesday, July 13th. They issued a “buy” rating on the stock.
Nobilis Health Corp (NYSE:HLTH) traded up 0.29% on Wednesday, reaching $3.50. 45,045 shares of the company’s stock were exchanged. Nobilis Health Corp has a 1-year low of $1.82 and a 1-year high of $5.47. The company has a market capitalization of $268.73 million and a P/E ratio of 5.14. The firm has a 50-day moving average price of $3.39 and a 200-day moving average price of $3.13.
Nobilis Health Corp (NYSE:HLTH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. The firm earned $61.90 million during the quarter, compared to analysts’ expectations of $62.18 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities research analysts expect that Nobilis Health Corp will post $0.37 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of HLTH. Rhumbline Advisers boosted its position in shares of Nobilis Health Corp by 88.6% in the second quarter. Rhumbline Advisers now owns 44,997 shares of the company’s stock valued at $100,000 after buying an additional 21,135 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Nobilis Health Corp by 10.4% in the first quarter. Geode Capital Management LLC now owns 34,596 shares of the company’s stock valued at $108,000 after buying an additional 3,268 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Nobilis Health Corp by 27.1% in the first quarter. Royal Bank of Canada now owns 36,858 shares of the company’s stock valued at $115,000 after buying an additional 7,854 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Nobilis Health Corp during the second quarter valued at about $165,000. Finally, Synovus Financial Corp bought a new position in shares of Nobilis Health Corp during the second quarter valued at about $175,000.
Nobilis Health Corp Company Profile
Nobilis Health Corp. (Nobilis) owns and manages healthcare facilities in the States of Texas and Arizona, consisting primarily of ambulatory surgery centers (ASCs) and acute-care and surgical hospitals. The Company’s segments include Medical Services, Marketing Services and Corporate. The Medical Services segment owns and manages approximately nine healthcare facilities in Texas and Arizona; over four hospitals, and approximately five ambulatory surgery centers.
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