Quorum Health Corp (NYSE:QHC) dropped 3.9% during trading on Thursday . The stock traded as low as $6.60 and last traded at $6.65, with a volume of 338,430 shares changing hands. The stock had previously closed at $6.92.

QHC has been the topic of several recent research reports. Morgan Stanley initiated coverage on shares of Quorum Health Corp in a report on Monday, May 16th. They set an “equal weight” rating and a $12.00 price objective on the stock. Avondale Partners initiated 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 objective on the stock. Royal Bank Of Canada initiated coverage on shares of Quorum Health Corp in a report on Thursday, June 2nd. They issued a “sector perform” rating and a $13.00 price target on the stock. Susquehanna initiated coverage on shares of Quorum Health Corp in a report on Wednesday, June 8th. They issued a “neutral” rating and a $11.00 price target on the stock. Finally, Mizuho initiated coverage on shares of Quorum Health Corp in a report on Monday, June 20th. They issued a “neutral” rating and a $11.25 price target on the stock. Seven analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $10.54.

The company’s market cap is $183.11 million. The firm has a 50-day moving average of $9.73 and a 200-day moving average of $10.76.

Quorum Health Corp (NYSE:QHC) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($8.63) EPS for the quarter, missing the consensus estimate of $0.11 by $8.74. The company earned $529.70 million during the quarter, compared to the consensus estimate of $564.19 million. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Quorum Health Corp will post $0.56 EPS for the current year.

In other Quorum Health Corp news, CFO Michael J. Culotta acquired 80,000 shares of Quorum Health Corp stock in a transaction that occurred on Monday, August 15th. The stock was bought at an average cost of $5.98 per share, for a total transaction of $478,400.00. Following the acquisition, the chief financial officer now owns 164,747 shares of the company’s stock, valued at $985,187.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William S. Hussey acquired 5,000 shares of Quorum Health Corp stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average price of $5.83 per share, with a total value of $29,150.00. Following the completion of the acquisition, the director now directly owns 53,809 shares in the company, valued at approximately $313,706.47. 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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