Quorum Health’s (QHC) “Hold” Rating Reaffirmed at Royal Bank of Canada

Share on StockTwits

Royal Bank of Canada reissued their hold rating on shares of Quorum Health (NYSE:QHC) in a report released on Sunday, AnalystRatings.com reports. The firm currently has a $2.00 price objective on the stock.

Several other equities research analysts also recently issued reports on the company. ValuEngine upgraded Quorum Health from a sell rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Quorum Health from a sell rating to a hold rating in a research report on Wednesday, May 15th.

Quorum Health stock opened at $1.24 on Friday. Quorum Health has a 12 month low of $0.95 and a 12 month high of $6.25. The firm has a 50 day moving average price of $1.47. The stock has a market capitalization of $44.43 million, a P/E ratio of -0.76 and a beta of 1.78.

Quorum Health (NYSE:QHC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.02). The company had revenue of $442.17 million during the quarter, compared to analyst estimates of $475.01 million. During the same quarter last year, the firm posted ($0.33) EPS. The company’s revenue was down 6.4% compared to the same quarter last year. On average, research analysts anticipate that Quorum Health will post -1.51 EPS for the current year.

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Quorum Health in the first quarter worth $130,000. Bank of New York Mellon Corp increased its holdings in shares of Quorum Health by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 297,285 shares of the company’s stock worth $859,000 after purchasing an additional 20,441 shares during the period. Geode Capital Management LLC increased its holdings in shares of Quorum Health by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 293,046 shares of the company’s stock worth $846,000 after purchasing an additional 16,648 shares during the period. Alambic Investment Management L.P. increased its holdings in shares of Quorum Health by 378.1% in the first quarter. Alambic Investment Management L.P. now owns 95,217 shares of the company’s stock worth $133,000 after purchasing an additional 75,300 shares during the period. Finally, KBC Group NV bought a new position in shares of Quorum Health in the second quarter worth $36,000. Hedge funds and other institutional investors own 85.46% of the company’s stock.

About Quorum Health

Quorum Health Corporation, together with its subsidiaries, 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, diagnostic, obstetric, psychiatric, and rehabilitation services.

Featured Story: How prevalent are 12b-1 fees?

Receive News & Ratings for Quorum Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quorum Health and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

HighTower Advisors LLC Has $22.06 Million Position in VANGUARD WORLD/VANGUARD MEGA CAP G
HighTower Advisors LLC Has $22.06 Million Position in VANGUARD WORLD/VANGUARD MEGA CAP G
Laurel Wealth Advisors Inc. Sells 94 Shares of Kimberly Clark Corp
Laurel Wealth Advisors Inc. Sells 94 Shares of Kimberly Clark Corp
Laurel Wealth Advisors Inc. Has $1.62 Million Stock Position in Amarin Co. plc
Laurel Wealth Advisors Inc. Has $1.62 Million Stock Position in Amarin Co. plc
Laurel Wealth Advisors Inc. Purchases 5,102 Shares of Vanguard FTSE Emerging Markets ETF
Laurel Wealth Advisors Inc. Purchases 5,102 Shares of Vanguard FTSE Emerging Markets ETF
Bank Of Princeton  Downgraded by Zacks Investment Research
Bank Of Princeton Downgraded by Zacks Investment Research
Laurel Wealth Advisors Inc. Boosts Stake in Sempra Energy
Laurel Wealth Advisors Inc. Boosts Stake in Sempra Energy


© 2006-2019 Ticker Report