Quorum Health (QHC) Trading 0.9% Higher

Quorum Health Corp (NYSE:QHC)’s share price traded up 0.9% during trading on Friday . The company traded as high as $9.90 and last traded at $9.84. 165,823 shares were traded during mid-day trading, a decline of 35% from the average session volume of 254,830 shares. The stock had previously closed at $9.75.

A number of equities analysts recently commented on the company. ValuEngine upgraded Quorum Health from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded Quorum Health from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Finally, Morgan Stanley upgraded Quorum Health from an “underweight” rating to an “equal weight” rating and set a $3.00 price target for the company in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Quorum Health has an average rating of “Hold” and an average target price of $4.05.

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The company has a debt-to-equity ratio of 10.69, a quick ratio of 1.47 and a current ratio of 1.62. The firm has a market capitalization of $295.39, a PE ratio of -7.54 and a beta of 1.61.

Quorum Health (NYSE:QHC) last issued its earnings results on Thursday, March 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Quorum Health had a negative net margin of 5.51% and a negative return on equity of 34.01%. The firm had revenue of $515.10 million for the quarter, compared to analysts’ expectations of $502.75 million. During the same quarter last year, the company posted ($1.02) earnings per share. Quorum Health’s revenue was up .0% on a year-over-year basis. sell-side analysts anticipate that Quorum Health Corp will post -0.77 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of QHC. Trustcore Financial Services LLC bought a new position in Quorum Health in the fourth quarter worth about $169,000. Wells Fargo & Company MN lifted its holdings in Quorum Health by 151.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,996 shares of the company’s stock worth $175,000 after acquiring an additional 16,849 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Quorum Health by 150.5% in the fourth quarter. Citadel Advisors LLC now owns 31,933 shares of the company’s stock worth $199,000 after acquiring an additional 19,183 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Quorum Health in the fourth quarter worth about $238,000. Finally, Arizona State Retirement System lifted its holdings in Quorum Health by 224.6% in the fourth quarter. Arizona State Retirement System now owns 47,719 shares of the company’s stock worth $298,000 after acquiring an additional 33,019 shares during the last quarter. 86.92% of the stock is currently owned by hedge funds and other institutional investors.

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Quorum Health Company Profile

Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. 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).

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