Quorum Health Corp (QHC) Trading 2.8% Higher
Shares of Quorum Health Corp (NYSE:QHC) traded up 2.8% during mid-day trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.22, with a volume of 147,440 shares trading hands. The stock had previously closed at $6.05.
Several analysts recently issued reports on the stock. Mizuho reaffirmed a “neutral” rating on shares of Quorum Health Corp in a research note on Tuesday, August 23rd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $6.00 price objective (down previously from $13.00) on shares of Quorum Health Corp in a research note on Saturday, August 13th. Morgan Stanley reaffirmed a “hold” rating on shares of Quorum Health Corp in a research note on Thursday, August 11th. Credit Suisse Group AG assumed coverage on shares of Quorum Health Corp in a research note on Friday, July 29th. They set a “neutral” rating and a $12.00 price objective for the company. Finally, Susquehanna assumed coverage on shares of Quorum Health Corp in a research note on Wednesday, June 8th. They set a “neutral” rating and a $11.00 price objective for the company. Seven analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $10.54.
The firm’s 50 day moving average is $8.99 and its 200-day moving average is $10.43. The stock’s market capitalization is $182.82 million.
Quorum Health Corp (NYSE:QHC) last released its earnings results 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 firm had revenue of $529.70 million for the quarter, compared to the consensus estimate of $564.19 million. The firm’s revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Quorum Health Corp will post ($1.95) earnings per share for the current year.
In other news, Director William S. Hussey bought 5,000 shares of Quorum Health Corp stock in a transaction dated Monday, August 15th. The stock was bought at an average price of $5.83 per share, for a total transaction of $29,150.00. Following the purchase, the director now owns 53,809 shares of the company’s stock, valued at $313,706.47. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Ray Harold Mccard, Jr. bought 8,545 shares of Quorum Health Corp stock in a transaction dated Monday, August 15th. The stock was purchased at an average price of $5.84 per share, with a total value of $49,902.80. Following the purchase, the senior vice president now directly owns 40,798 shares in the company, valued at approximately $238,260.32. 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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