Quorum Health Corp (NYSE:QHC) shares fell 2.4% on Wednesday . The stock traded as low as $6.18 and last traded at $6.18, with a volume of 100,109 shares trading hands. The stock had previously closed at $6.33.

Several research firms recently weighed in on QHC. Morgan Stanley began coverage on Quorum Health Corp in a research report on Monday, May 16th. They set an “equal weight” rating and a $12.00 price target on the stock. Avondale Partners began 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 on the stock. Mizuho began coverage on Quorum Health Corp in a research report on Monday, June 20th. They set a “neutral” rating and a $11.25 price target on the stock. Royal Bank Of Canada began coverage on Quorum Health Corp in a research report on Thursday, June 2nd. They set a “sector perform” rating and a $13.00 price target on the stock. Finally, Credit Suisse Group AG began coverage on Quorum Health Corp in a research report on Friday, July 29th. They set a “neutral” rating and a $12.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, Quorum Health Corp presently has an average rating of “Hold” and a consensus target price of $10.54.

The firm has a 50-day moving average of $9.24 and a 200 day moving average of $10.54. The stock’s market cap is $176.63 million.

Quorum Health Corp (NYSE:QHC) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($8.63) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $8.74. The business earned $529.70 million during the quarter, compared to analysts’ expectations of $564.19 million. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Quorum Health Corp will post ($1.95) earnings per share for the current year.

In related news, CFO Michael J. Culotta purchased 80,000 shares of Quorum Health Corp stock in a transaction dated Monday, August 15th. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $478,400.00. Following the transaction, the chief financial officer now directly owns 164,747 shares of the company’s stock, valued at $985,187.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Shaheed Koury purchased 8,000 shares of Quorum Health Corp stock in a transaction dated Tuesday, May 31st. The stock was bought at an average price of $13.29 per share, for a total transaction of $106,320.00. Following the completion of the transaction, the senior vice president now directly owns 37,753 shares in the company, 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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