Quorum Health Corp (QHC) Trading 2.8% Higher
Quorum Health Corp (NYSE:QHC) traded up 2.8% during trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.22, with a volume of 147,440 shares changing hands. The stock had previously closed at $6.05.
Several equities research analysts have commented on the stock. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $6.00 price target on shares of Quorum Health Corp in a report on Wednesday. Mizuho started coverage on shares of Quorum Health Corp in a research report on Monday, June 20th. They issued a “neutral” rating and a $11.25 price objective for the company. RBC Capital Markets reiterated a “sector perform” rating and issued a $6.00 price objective (down previously from $13.00) on shares of Quorum Health Corp in a research report on Saturday, August 13th. Avondale Partners started coverage on shares of Quorum Health Corp in a research report on Monday, May 23rd. They issued a “market perform” rating and a $14.00 price objective for the company. Finally, Susquehanna started coverage on shares of Quorum Health Corp in a research report on Wednesday, June 8th. They issued a “neutral” rating and a $11.00 price objective for the company. Seven analysts have rated the stock with a hold rating, Quorum Health Corp has a consensus rating of “Hold” and a consensus target price of $9.68.
The company’s market capitalization is $181.35 million. The firm has a 50-day moving average of $8.73 and a 200-day moving average of $10.33.
Quorum Health Corp (NYSE:QHC) last announced its quarterly 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 company had revenue of $529.70 million for the quarter, compared to analysts’ expectations of $564.19 million. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts forecast that Quorum Health Corp will post ($1.95) earnings per share for the current year.
In other Quorum Health Corp news, insider Thomas Daniel Miller acquired 48,200 shares of the stock in a transaction on Monday, August 15th. The shares were bought at an average cost of $5.85 per share, with a total value of $281,970.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Culotta acquired 80,000 shares of the stock in a transaction on Monday, August 15th. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $478,400.00. Following the completion of the transaction, the chief financial officer now directly owns 164,747 shares in the company, valued at approximately $985,187.06. 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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