Quorum Health Corp (QHC) Shares Down 3.9%
Shares of Quorum Health Corp (NYSE:QHC) traded down 3.9% during mid-day trading on Thursday . The company traded as low as $6.60 and last traded at $6.65, with a volume of 338,430 shares changing hands. The stock had previously closed at $6.92.
Several analysts recently issued reports on QHC shares. Susquehanna started coverage on Quorum Health Corp in a report on Wednesday, June 8th. They set a “neutral” rating and a $11.00 price objective for the company. Royal Bank Of Canada started coverage on Quorum Health Corp in a report on Thursday, June 2nd. They set a “sector perform” rating and a $13.00 price objective for the company. Avondale Partners started coverage on Quorum Health Corp in a report on Monday, May 23rd. They set a “market perform” rating and a $14.00 price objective for the company. Mizuho started coverage on Quorum Health Corp in a report on Monday, June 20th. They set a “neutral” rating and a $11.25 price objective for the company. Finally, Morgan Stanley started coverage on Quorum Health Corp in a report on Monday, May 16th. They set an “equal weight” rating and a $12.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, Quorum Health Corp has an average rating of “Hold” and an average target price of $10.54.
The firm’s market cap is $191.08 million. The company has a 50-day moving average of $9.97 and a 200-day moving average of $10.88.
Quorum Health Corp (NYSE:QHC) last released its earnings results on Wednesday, August 10th. The company reported ($8.63) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $8.74. The business had revenue of $529.70 million for the quarter, compared to analysts’ expectations of $564.19 million. Quorum Health Corp’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts anticipate that Quorum Health Corp will post $0.55 EPS for the current fiscal year.
In other news, Director William S. Hussey purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was bought at an average price of $5.83 per share, with a total value of $29,150.00. Following the acquisition, the director now directly owns 53,809 shares of the company’s stock, valued at $313,706.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shaheed Koury purchased 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was purchased at an average cost of $13.29 per share, with a total value of $106,320.00. Following the acquisition, 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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