Alliance HealthCare Services Inc. (AIQ) Upgraded to Hold by TheStreet
Alliance HealthCare Services Inc. (NASDAQ:AIQ) was upgraded by analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Friday.
Shares of Alliance HealthCare Services (NASDAQ:AIQ) traded up 2.48% on Friday, reaching $7.03. The company’s stock had a trading volume of 22,440 shares. Alliance HealthCare Services has a 52 week low of $5.73 and a 52 week high of $10.92. The stock has a 50-day moving average of $6.41 and a 200 day moving average of $6.58. The stock has a market capitalization of $74.36 million, a price-to-earnings ratio of 9.24 and a beta of 0.86.
Alliance HealthCare Services (NASDAQ:AIQ) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter. Alliance HealthCare Services had a negative return on equity of 18.72% and a net margin of 1.66%. The business earned $125.30 million during the quarter, compared to analysts’ expectations of $118.50 million. On average, analysts expect that Alliance HealthCare Services will post ($0.06) EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co purchased a new position in Alliance HealthCare Services during the second quarter valued at approximately $129,000. Spark Investment Management LLC boosted its position in shares of Alliance HealthCare Services by 85.4% in the second quarter. Spark Investment Management LLC now owns 19,100 shares of the company’s stock worth $119,000 after buying an additional 8,800 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Alliance HealthCare Services by 10.9% in the second quarter. Vanguard Group Inc. now owns 336,764 shares of the company’s stock worth $2,101,000 after buying an additional 33,163 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Alliance HealthCare Services during the second quarter worth about $198,000. Finally, State Street Corp boosted its position in shares of Alliance HealthCare Services by 0.3% in the first quarter. State Street Corp now owns 98,367 shares of the company’s stock worth $707,000 after buying an additional 334 shares during the last quarter. 26.01% of the stock is owned by hedge funds and other institutional investors.
Alliance HealthCare Services Company Profile
Alliance HealthCare Services, Inc (Alliance) is a provider of outsourced healthcare services to hospitals and providers. The Company operates through three segments: Radiology Division, Oncology Division and Interventional Healthcare Services Division. The radiology segment comprises diagnostic imaging services, including magnetic resonance imaging (MRI), positron emission tomography/computed tomography (PET/CT) and other imaging services.
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