Quorum Health Corporation (QHC) Given Consensus Rating of “Hold” by Analysts

Shares of Quorum Health Corporation (NYSE:QHC) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $4.20.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group raised their target price on shares of Quorum Health Corporation from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Zacks Investment Research cut shares of Quorum Health Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Morgan Stanley assumed coverage on shares of Quorum Health Corporation in a research report on Tuesday, June 6th. They set an “underweight” rating and a $3.00 price target on the stock. Deutsche Bank AG increased their price target on shares of Quorum Health Corporation from $3.00 to $3.50 and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, ValuEngine upgraded shares of Quorum Health Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday.

Shares of Quorum Health Corporation (NYSE:QHC) traded down 3.33% during midday trading on Tuesday, hitting $4.36. 154,830 shares of the company traded hands. The stock’s market capitalization is $132.09 million. The stock has a 50 day moving average of $3.87 and a 200-day moving average of $4.76. Quorum Health Corporation has a 52 week low of $2.54 and a 52 week high of $9.46.

Quorum Health Corporation (NYSE:QHC) last announced its earnings results on Wednesday, August 9th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.24. The business had revenue of $530.15 million for the quarter, compared to the consensus estimate of $513.50 million. Quorum Health Corporation had a negative net margin of 6.88% and a negative return on equity of 26.69%. Quorum Health Corporation’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted ($0.82) earnings per share. Equities analysts forecast that Quorum Health Corporation will post ($1.52) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd grew its position in Quorum Health Corporation by 55.5% during the second quarter. WINTON GROUP Ltd now owns 93,817 shares of the company’s stock valued at $389,000 after acquiring an additional 33,468 shares during the last quarter. Sterling Capital Management LLC grew its position in Quorum Health Corporation by 41.6% during the second quarter. Sterling Capital Management LLC now owns 26,918 shares of the company’s stock valued at $112,000 after acquiring an additional 7,909 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Quorum Health Corporation during the second quarter valued at approximately $176,000. Pentwater Capital Management LP bought a new position in Quorum Health Corporation during the second quarter valued at approximately $1,868,000. Finally, Silver Point Capital L.P. grew its position in Quorum Health Corporation by 40.6% during the second quarter. Silver Point Capital L.P. now owns 1,167,000 shares of the company’s stock valued at $4,843,000 after acquiring an additional 337,000 shares during the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

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Quorum Health Corporation Company Profile

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).

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