Quorum Health (NYSE:QHC) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Quorum Health (NYSE:QHC) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $2.00 target price on shares of Quorum Health in a research note on Monday, May 13th. Zacks Investment Research upgraded shares of Quorum Health from a sell rating to a hold rating in a research note on Wednesday, May 15th.

NYSE:QHC traded down $0.07 during mid-day trading on Thursday, hitting $1.71. 125,891 shares of the company’s stock were exchanged, compared to its average volume of 153,435. Quorum Health has a one year low of $0.95 and a one year high of $6.25. The company has a fifty day moving average price of $1.46. The stock has a market cap of $55.62 million, a P/E ratio of -1.04 and a beta of 1.77.

Quorum Health (NYSE:QHC) last posted its quarterly earnings data on Friday, May 10th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.25). The company had revenue of $442.80 million for the quarter, compared to analyst estimates of $467.87 million. During the same quarter in the prior year, the firm earned ($0.80) earnings per share. Quorum Health’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, equities research analysts predict that Quorum Health will post -1.51 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of QHC. BlackRock Inc. increased its holdings in Quorum Health by 1.0% in the fourth quarter. BlackRock Inc. now owns 3,751,802 shares of the company’s stock valued at $10,844,000 after purchasing an additional 35,491 shares during the period. Bank of New York Mellon Corp increased its holdings in 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 valued at $859,000 after purchasing an additional 20,441 shares during the period. Geode Capital Management LLC increased its holdings in Quorum Health by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 293,046 shares of the company’s stock valued at $846,000 after purchasing an additional 16,648 shares during the period. Bank of America Corp DE increased its holdings in Quorum Health by 131.6% in the fourth quarter. Bank of America Corp DE now owns 34,799 shares of the company’s stock valued at $101,000 after purchasing an additional 19,773 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Quorum Health in the first quarter valued at $130,000. Hedge funds and other institutional investors own 85.63% 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.

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

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