Quorum Health Corporation (NYSE:QHC) Stake Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in shares of Quorum Health Corporation (NYSE:QHC) by 111.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 859,477 shares of the company’s stock after buying an additional 452,671 shares during the period. Goldman Sachs Group Inc. owned approximately 2.85% of Quorum Health Corporation worth $4,676,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Comerica Bank raised its position in shares of Quorum Health Corporation by 3.7% in the first quarter. Comerica Bank now owns 32,495 shares of the company’s stock valued at $143,000 after buying an additional 1,155 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Quorum Health Corporation by 12.6% in the first quarter. Great West Life Assurance Co. Can now owns 38,072 shares of the company’s stock valued at $207,000 after buying an additional 4,269 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Quorum Health Corporation by 38.3% in the first quarter. Wells Fargo & Company MN now owns 82,478 shares of the company’s stock valued at $449,000 after buying an additional 22,836 shares in the last quarter. Howard Hughes Medical Institute raised its position in shares of Quorum Health Corporation by 8.4% in the first quarter. Howard Hughes Medical Institute now owns 18,321 shares of the company’s stock valued at $100,000 after buying an additional 1,415 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Quorum Health Corporation by 130.4% in the first quarter. Acadian Asset Management LLC now owns 549,342 shares of the company’s stock valued at $2,989,000 after buying an additional 310,948 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Shares of Quorum Health Corporation (NYSE QHC) opened at 3.85 on Friday. Quorum Health Corporation has a 12-month low of $2.54 and a 12-month high of $9.46. The company has a 50 day moving average of $3.69 and a 200-day moving average of $5.32. The firm’s market cap is $116.64 million.

Quorum Health Corporation (NYSE:QHC) last announced its earnings results on Wednesday, August 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.24. The company had revenue of $530.15 million during the quarter, compared to analyst estimates of $513.50 million. Quorum Health Corporation had a negative net margin of 7.13% and a negative return on equity of 61.90%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.82) earnings per share. Analysts predict that Quorum Health Corporation will post ($1.63) EPS for the current year.

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Several brokerages have recently weighed in on QHC. Zacks Investment Research upgraded shares of Quorum Health Corporation from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Saturday, July 22nd. Morgan Stanley began coverage on shares of Quorum Health Corporation in a report on Tuesday, June 6th. They set an “underweight” rating and a $3.00 price objective on the stock. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $3.25 price objective (down previously from $5.00) on shares of Quorum Health Corporation in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.57.

In other Quorum Health Corporation news, insider Thomas Daniel Miller bought 185,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $2.85 per share, for a total transaction of $527,250.00. Following the completion of the transaction, the insider now owns 814,139 shares of the company’s stock, valued at approximately $2,320,296.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Shaheed Koury bought 8,500 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were acquired at an average price of $3.56 per share, with a total value of $30,260.00. Following the completion of the transaction, the senior vice president now directly owns 88,680 shares of the company’s stock, valued at approximately $315,700.80. The disclosure for this purchase can be found here. Insiders have purchased 197,500 shares of company stock valued at $568,190 over the last 90 days. 4.70% of the stock is currently owned by company insiders.

About Quorum Health Corporation

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).

Institutional Ownership by Quarter for Quorum Health Corporation (NYSE:QHC)

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