Shares of Quorum Health Corp (NYSE:QHC) dropped 5.2% during trading on Tuesday . The company traded as low as $10.78 and last traded at $10.84, with a volume of 138,832 shares trading hands. The stock had previously closed at $11.44.

QHC has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of 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. Royal Bank Of Canada assumed coverage on shares of Quorum Health Corp in a report on Thursday, June 2nd. They set a “sector perform” rating and a $13.00 price target for the company. Susquehanna assumed coverage on shares of Quorum Health Corp in a report on Wednesday, June 8th. They set a “neutral” rating and a $11.00 price target for the company. Avondale Partners assumed coverage on shares of Quorum Health Corp in a report on Monday, May 23rd. They set a “market perform” rating and a $14.00 price target for the company. Finally, Mizuho assumed coverage on shares of Quorum Health Corp in a report on Monday, June 20th. They set a “neutral” rating and a $11.25 price target for the company. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $12.25.

The firm’s 50 day moving average is $11.49 and its 200-day moving average is $11.45. The company’s market capitalization is $320.10 million.

In related news, CEO Thomas Daniel Miller acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were purchased at an average price of $11.42 per share, with a total value of $571,000.00. Following the completion of the acquisition, the chief executive officer now owns 354,274 shares in the company, valued at $4,045,809.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Shaheed Koury acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were bought at an average cost of $13.29 per share, for a total transaction of $106,320.00. Following the acquisition, the senior vice president now owns 37,753 shares of the company’s stock, valued at approximately $501,737.37. 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.