Quorum Health (QHC) Raised to Buy at ValuEngine

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Quorum Health (NYSE:QHC) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research lowered Quorum Health from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Quorum Health currently has a consensus rating of “Hold” and a consensus price target of $4.05.

Quorum Health opened at $5.07 on Friday, MarketBeat.com reports. Quorum Health has a 1-year low of $2.91 and a 1-year high of $10.00. The company has a debt-to-equity ratio of 76.50, a current ratio of 1.64 and a quick ratio of 1.51. The stock has a market capitalization of $146.39 million, a PE ratio of -3.90 and a beta of 1.23.

Quorum Health (NYSE:QHC) last posted its quarterly earnings data on Wednesday, May 9th. The company reported ($0.80) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.32). Quorum Health had a negative return on equity of 46.79% and a negative net margin of 9.14%. The business had revenue of $486.80 million during the quarter, compared to the consensus estimate of $467.80 million. During the same period last year, the business posted ($0.99) earnings per share. The business’s revenue was down 7.7% on a year-over-year basis. analysts expect that Quorum Health will post -1.68 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in Quorum Health by 13.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,625,730 shares of the company’s stock valued at $16,385,000 after buying an additional 317,809 shares in the last quarter. Trustcore Financial Services LLC bought a new stake in Quorum Health in the 4th quarter valued at about $169,000. California Public Employees Retirement System increased its position in Quorum Health by 22.4% in the 4th quarter. California Public Employees Retirement System now owns 301,862 shares of the company’s stock valued at $1,884,000 after buying an additional 55,178 shares in the last quarter. Arizona State Retirement System increased its position in Quorum Health by 224.6% in the 4th quarter. Arizona State Retirement System now owns 47,719 shares of the company’s stock valued at $298,000 after buying an additional 33,019 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new stake in Quorum Health in the 4th quarter valued at about $2,119,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Quorum Health Company Profile

Quorum Health Corporation provides hospital and outpatient healthcare services in the United States. Its hospital and outpatient healthcare services include general and acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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