Quorum Health Corp (QHC) Sees Strong Trading Volume
Quorum Health Corp (NYSE:QHC) saw unusually-strong trading volume on Friday . Approximately 583,917 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 438,771 shares.The stock last traded at $5.12 and had previously closed at $5.03.
A number of research analysts have commented on QHC shares. Susquehanna started coverage on Quorum Health Corp in a research note on Wednesday, June 8th. They issued a “neutral” rating and a $11.00 target price on the stock. Credit Suisse Group AG initiated coverage on Quorum Health Corp in a research note on Friday, July 29th. They set a “neutral” rating and a $12.00 price target for the company. Morgan Stanley reiterated a “hold” rating on shares of Quorum Health Corp in a research note on Thursday. RBC Capital Markets reiterated a “sector perform” rating and set a $6.00 price target (down previously from $13.00) on shares of Quorum Health Corp in a research note on Saturday. Finally, Royal Bank Of Canada initiated 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. Seven analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $11.32.
The firm’s market capitalization is $150.68 million. The firm’s 50 day moving average is $10.35 and its 200 day moving average is $11.06.
Quorum Health Corp (NYSE:QHC) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($8.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $8.74. The company earned $529.70 million during the quarter, compared to analyst estimates of $564.19 million. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that Quorum Health Corp will post $0.52 earnings per share for the current year.
In other Quorum Health Corp news, CEO Thomas Daniel Miller acquired 50,000 shares of the company’s 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 purchase, the chief executive officer now owns 354,274 shares of the company’s stock, valued at approximately $4,045,809.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shaheed Koury acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were acquired 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 in the company, 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).
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