Quorum Health Corp (QHC) Trading 4.7% Higher
Quorum Health Corp (NYSE:QHC)’s share price traded up 4.7% on Monday . The company traded as high as $10.98 and last traded at $10.95, with a volume of 76,845 shares. The stock had previously closed at $10.46.
A number of equities analysts have weighed in on the company. Avondale Partners assumed coverage on Quorum Health Corp in a research report on Monday, May 23rd. They set a “market perform” rating and a $14.00 price target for the company. Susquehanna initiated coverage on Quorum Health Corp in a research report on Wednesday, June 8th. They set a “neutral” rating and a $11.00 price target for the company. Royal Bank Of Canada initiated coverage on Quorum Health Corp in a report on Thursday, June 2nd. They issued a “sector perform” rating and a $13.00 price objective for the company. Mizuho initiated coverage on Quorum Health Corp in a report on Monday, June 20th. They issued a “neutral” rating and a $11.25 price objective for the company. Finally, Morgan Stanley initiated coverage on Quorum Health Corp in a report on Monday, May 16th. They issued an “equal weight” rating and a $12.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $12.25.
The company’s market capitalization is $319.21 million. The company’s 50 day moving average is $11.78 and its 200-day moving average is $11.52.
In other Quorum Health Corp news, SVP Shaheed Koury bought 8,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was acquired at an average cost of $13.29 per share, for a total transaction of $106,320.00. Following the completion of the acquisition, the senior vice president now owns 37,753 shares in the company, valued at approximately $501,737.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Gracey bought 10,000 shares of the stock in a transaction on Wednesday, May 25th. The stock was acquired at an average price of $12.45 per share, with a total value of $124,500.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $249,000. 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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