Quorum Health Corporation (NYSE:QHC) Stocks Unloaded By Nationwide Fund Advisors

Patrice Gainsbourg
Agosto 12, 2017

On April 1, 2016, Community Health Systems, Inc. announced that its board of directors has approved the distribution to its stockholders of 100% of the common stock of a new, independent publicly traded company, Quorum Health Corporation.

Receive Quorum Health Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quorum Health Corporation with MarketBeat.com's FREE daily email newsletter. The Firm operates in two divisions: 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. Its hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery and rehabilitation services. UBS AG reiterated a sell rating and set a $4.50 price target (up previously from $4.00) on shares of Quorum Health Corporation in a report on Thursday, April 6th. The company was initiated on Wednesday, June 7 by Morgan Stanley. They set an "underweight" rating and a $3.00 price target for the company. Lastly, Credit Suisse Group restated a "neutral" recommendation and fixed a $3.25 target price (down from $5.00) on stocks of Quorum Health Corporation in a study note published on Wed, May 17th. They set a hold rating and a $5.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock.

About 4,100 shares traded or Infinity% up from the average.

Quorum Health Corporation (NYSE:QHC) opened at 3.85 on Friday. Quorum Health Corporation earned a media sentiment score of 0.19 on Accern's scale. The company has a 50-day moving average of $3.69 and a 200 day moving average of $5.32. The stock's market capitalization is $116.64 million.

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Analysts await Quorum Health Corp (NYSE:QHC) to report earnings on August, 9.

In terms of earnings per share, 6 analysts have a -0.36 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 6 analysts have a 0.24 EPS mean target and for the quarter ending Dec-17 there are 5 estimates of -1.57 EPS. Quorum Health Corporation had a negative net margin of 7.13% and a negative return on equity of 57.09%. The business had revenue of $527.60 million for the quarter, compared to the consensus estimate of $548.81 million. L.P. now owns 1,663,181 shares of the company's stock worth $9,048,000 after buying an additional 1,387,064 shares in the last quarter. On average, equities analysts forecast that Quorum Health Corporation will post ($1.63) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by Rincon Hill News and is the property of of Rincon Hill News. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/08/12/quorum-health-corporation-nyseqhc-given-consensus-rating-of-hold-by-brokerages.html. Also, SVP Shaheed Koury acquired 8,500 shares of the business's stock in a transaction on Thursday, May 25th. The shares were purchased at an average price of $2.85 per share, for a total transaction of $527,250.00. The company had a trading volume of 788,189 shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The stock presently has a consensus rating of "Hold" and an average price target of $4.57. Following the completion of the purchase, the insider now owns 814,139 shares in the company, valued at approximately $2,320,296.15. The disclosure for this bought can be found here.in the previous 90 days, executive have purchased 197,500 stocks of company shares worth at $568,190.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Following the transaction, the senior vice president now owns 88,680 shares of the company's stock, valued at approximately $315,700.80. JPMorgan Chase & Co. boosted its stake in shares of Quorum Health Corporation by 81.4% in the first quarter. Goldman Sachs Group Inc. now owns 859,477 shares of the company's stock worth $4,676,000 after buying an additional 452,671 shares during the period. Citigroup Inc. boosted its position in Quorum Health Corporation by 3.7% in the second quarter.

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