Nobilis Health Corp (HLTH) Stock Rating Lowered by Zacks Investment Research
According to Zacks, “Nobilis Health Corp. own and manage ambulatory and acute care facilities for healthcare services. In addition, it owns and manages ambulatory surgery centers, acute care hospital, imaging centers and urgent care clinic. The company operates primarily in Houston, Dallas and Scottsdale, Arizona. Nobilis Health Corp. is headquartered in Houston, Texas. “
Separately, Canaccord Genuity initiated coverage on Nobilis Health Corp in a report on Wednesday, July 13th. They set a buy rating for the company.
Nobilis Health Corp (NYSE:HLTH) opened at 3.50 on Wednesday. The firm has a market capitalization of $268.73 million and a P/E ratio of 5.14. Nobilis Health Corp has a 52-week low of $1.82 and a 52-week high of $4.66. The firm’s 50-day moving average is $3.42 and its 200-day moving average is $3.14.
Nobilis Health Corp (NYSE:HLTH) last posted its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. The firm had revenue of $61.90 million for the quarter, compared to analyst estimates of $62.18 million. During the same period in the prior year, the business posted ($0.02) EPS. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Nobilis Health Corp will post $0.37 earnings per share for the current year.
Several large investors have recently bought and sold shares of HLTH. Emerald Acquisition Ltd. purchased a new stake in Nobilis Health Corp during the second quarter worth $2,498,000. BlackRock Fund Advisors increased its stake in Nobilis Health Corp by 71.4% in the second quarter. BlackRock Fund Advisors now owns 1,424,287 shares of the company’s stock worth $3,176,000 after buying an additional 593,140 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in Nobilis Health Corp during the second quarter worth $1,312,000. Royce & Associates LP increased its stake in Nobilis Health Corp by 28.7% in the second quarter. Royce & Associates LP now owns 1,590,800 shares of the company’s stock worth $3,547,000 after buying an additional 355,100 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in Nobilis Health Corp during the second quarter worth $774,000.
Nobilis Health Corp Company Profile
Nobilis Health Corp. (Nobilis) owns and manages healthcare facilities in the States of Texas and Arizona, consisting primarily of ambulatory surgery centers (ASCs) and acute-care and surgical hospitals. The Company’s segments include Medical Services, Marketing Services and Corporate. The Medical Services segment owns and manages approximately nine healthcare facilities in Texas and Arizona; over four hospitals, and approximately five ambulatory surgery centers.
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