Shares of Quorum Health Corp (NYSE:QHC) dropped 1.1% on Friday . The stock traded as low as $6.10 and last traded at $6.12, with a volume of 87,602 shares trading hands. The stock had previously closed at $6.19.

QHC has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of 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. Avondale Partners started coverage on shares of Quorum Health Corp in a research note on Monday, May 23rd. They issued a “market perform” rating and a $14.00 price objective for the company. Royal Bank Of Canada started coverage on shares of Quorum Health Corp in a research note on Thursday, June 2nd. They issued a “sector perform” rating and a $13.00 price objective for the company. Susquehanna started coverage on shares of Quorum Health Corp in a research note on Wednesday, June 8th. They issued a “neutral” rating and a $11.00 price objective for the company. Finally, Mizuho started coverage on shares of Quorum Health Corp in a research note on Monday, June 20th. They issued a “neutral” rating and a $11.25 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $9.68.

The stock has a 50-day moving average price of $8.60 and a 200 day moving average price of $10.28. The firm’s market capitalization is $181.35 million.

Quorum Health Corp (NYSE:QHC) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($8.63) EPS for the quarter, missing the consensus estimate of $0.11 by $8.74. The firm had revenue of $529.70 million for the quarter, compared to analyst estimates of $564.19 million. Quorum Health Corp’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts expect that Quorum Health Corp will post ($1.95) EPS for the current year.

In other news, CFO Michael J. Culotta purchased 80,000 shares of the stock in a transaction dated Monday, August 15th. The stock was acquired at an average price of $5.98 per share, for a total transaction of $478,400.00. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. Also, SVP Ray Harold Mccard, Jr. purchased 8,545 shares of the stock in a transaction dated Monday, August 15th. The shares were purchased at an average price of $5.84 per share, with a total value of $49,902.80. Following the transaction, the senior vice president now directly owns 40,798 shares of the company’s stock, 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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