Quorum Health Corp (QHC) Shares Down 1.1%
Shares of Quorum Health Corp (NYSE:QHC) were down 1.1% during mid-day trading on Friday . The stock traded as low as $6.10 and last traded at $6.12, with a volume of 87,602 shares changing hands. The stock had previously closed at $6.19.
Several analysts have recently issued reports on QHC shares. RBC Capital Markets reiterated a “sector perform” rating and issued a $6.00 target price (down previously from $13.00) on shares of Quorum Health Corp in a research report on Saturday, August 13th. Mizuho dropped their target price on shares of Quorum Health Corp from $8.50 to $5.75 and set a “neutral” rating on the stock in a research report on Monday, August 15th. Susquehanna started coverage on shares of Quorum Health Corp in a research report on Wednesday, June 8th. They set a “neutral” rating and a $11.00 price target on the stock. Credit Suisse Group AG started coverage on shares of Quorum Health Corp in a research report on Friday, July 29th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Morgan Stanley restated a “hold” rating on shares of Quorum Health Corp in a research report on Thursday, August 11th. Seven analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $9.68.
The firm’s 50-day moving average is $8.47 and its 200-day moving average is $10.23. The stock’s market cap is $181.35 million.
Quorum Health Corp (NYSE:QHC) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($8.63) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $8.74. The business had revenue of $529.70 million for the quarter, compared to the consensus estimate of $564.19 million. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Quorum Health Corp will post ($1.95) earnings per share for the current fiscal year.
In other news, CFO Michael J. Culotta acquired 80,000 shares of the business’s stock in a transaction on Monday, August 15th. The stock was bought at an average price of $5.98 per share, for a total transaction of $478,400.00. Following the transaction, the chief financial officer now owns 164,747 shares in the company, valued at $985,187.06. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Daniel Miller acquired 48,200 shares of the business’s stock in a transaction on Monday, August 15th. The shares were purchased at an average price of $5.85 per share, with a total value of $281,970.00. 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).