Quorum Health Corp (QHC) Shares Down 4.4%
Quorum Health Corp (NYSE:QHC) shares dropped 4.4% on Wednesday . The company traded as low as $9.90 and last traded at $10.00, with a volume of 140,487 shares changing hands. The stock had previously closed at $10.46.
QHC has been the topic of a number of recent analyst reports. Credit Suisse Group AG initiated coverage on Quorum Health Corp in a research note on Friday, July 29th. They issued a “neutral” rating and a $12.00 price objective on the stock. Morgan Stanley started coverage on Quorum Health Corp in a report on Monday, May 16th. They issued an “equal weight” rating and a $12.00 target price on the stock. Mizuho started coverage on Quorum Health Corp in a report on Monday, June 20th. They issued a “neutral” rating and a $11.25 target price on the stock. Royal Bank Of Canada started coverage on Quorum Health Corp in a report on Thursday, June 2nd. They issued a “sector perform” rating and a $13.00 target price on the stock. Finally, Susquehanna started coverage on Quorum Health Corp in a report on Wednesday, June 8th. They issued a “neutral” rating and a $11.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, Quorum Health Corp has a consensus rating of “Hold” and an average price target of $12.21.
The firm has a 50 day moving average of $10.84 and a 200 day moving average of $11.31. The stock’s market cap is $294.46 million.
In related news, CEO Thomas Daniel Miller purchased 50,000 shares of Quorum Health Corp stock in a transaction that occurred on Wednesday, May 18th. The shares were acquired at an average price of $11.42 per share, with a total value of $571,000.00. Following the completion of the transaction, the chief executive officer now directly owns 354,274 shares of the company’s stock, valued at approximately $4,045,809.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Shaheed Koury purchased 8,000 shares of Quorum Health Corp 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 transaction, the senior vice president now directly owns 37,753 shares of the company’s stock, valued at $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).
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