Quorum Health Corp (QHC) Shares Down 4.3%
Quorum Health Corp (NYSE:QHC) fell 4.3% during mid-day trading on Thursday . The stock traded as low as $10.36 and last traded at $10.38, with a volume of 77,506 shares trading hands. The stock had previously closed at $10.85.
Several research firms recently issued reports on QHC. Avondale Partners began coverage on Quorum Health Corp in a research note on Monday, May 23rd. They set a “market perform” rating and a $14.00 price objective for the company. Susquehanna started coverage on Quorum Health Corp in a research note on Wednesday, June 8th. They set a “neutral” rating and a $11.00 price target for the company. Royal Bank Of Canada started coverage on Quorum Health Corp in a research note on Thursday, June 2nd. They set a “sector perform” rating and a $13.00 price target for the company. Mizuho started coverage on Quorum Health Corp in a research note on Monday, June 20th. They set a “neutral” rating and a $11.25 price target for the company. Finally, Morgan Stanley started coverage on Quorum Health Corp in a research note on Monday, May 16th. They set an “equal weight” rating and a $12.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $12.25.
The stock has a 50 day moving average of $11.85 and a 200 day moving average of $11.57. The stock’s market capitalization is $305.07 million.
In related news, SVP Shaheed Koury acquired 8,000 shares of Quorum Health Corp stock in a transaction dated Tuesday, May 31st. The stock was purchased at an average cost of $13.29 per share, for a total transaction of $106,320.00. Following the purchase, the senior vice president now directly owns 37,753 shares of the company’s stock, valued at approximately $501,737.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Daniel Miller acquired 50,000 shares of Quorum Health Corp stock in a transaction dated Wednesday, May 18th. The stock was bought at an average price of $11.42 per share, with a total value of $571,000.00. Following the completion of the purchase, the chief executive officer now directly owns 354,274 shares in the company, valued at $4,045,809.08. The disclosure for this purchase can be found here.
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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