KCG Holdings Inc. Invests $142,000 in Quorum Health Corporation (QHC)
KCG Holdings Inc. purchased a new stake in shares of Quorum Health Corporation (NYSE:QHC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,119 shares of the company’s stock, valued at approximately $142,000.
A number of other institutional investors have also modified their holdings of QHC. Howard Hughes Medical Institute raised its position in shares of Quorum Health Corporation by 8.4% in the first quarter. Howard Hughes Medical Institute now owns 18,321 shares of the company’s stock worth $100,000 after buying an additional 1,415 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Quorum Health Corporation by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,910 shares of the company’s stock worth $116,000 after buying an additional 960 shares during the last quarter. TFS Capital LLC purchased a new position in shares of Quorum Health Corporation during the first quarter worth $125,000. Alambic Investment Management L.P. raised its position in shares of Quorum Health Corporation by 145.5% in the first quarter. Alambic Investment Management L.P. now owns 24,800 shares of the company’s stock worth $135,000 after buying an additional 14,700 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Quorum Health Corporation by 3.7% in the first quarter. Comerica Bank now owns 32,495 shares of the company’s stock worth $143,000 after buying an additional 1,155 shares during the last quarter. 87.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quorum Health Corporation (NYSE:QHC) traded down 2.707% during trading on Wednesday, hitting $3.055. The stock had a trading volume of 78,966 shares. The stock’s market capitalization is $92.58 million. Quorum Health Corporation has a 52 week low of $2.54 and a 52 week high of $10.12. The firm has a 50 day moving average price of $3.80 and a 200-day moving average price of $5.52.
Quorum Health Corporation (NYSE:QHC) last released its quarterly earnings results on Monday, May 15th. The company reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by $0.36. Quorum Health Corporation had a negative net margin of 16.94% and a negative return on equity of 60.49%. The firm had revenue of $527.60 million for the quarter, compared to the consensus estimate of $548.81 million. The business’s revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Quorum Health Corporation will post ($1.63) EPS for the current fiscal year.
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QHC has been the topic of a number of research reports. Zacks Investment Research raised Quorum Health Corporation from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Saturday, July 22nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $3.25 target price (down from $5.00) on shares of Quorum Health Corporation in a research report on Wednesday, May 17th. Finally, Morgan Stanley initiated coverage on Quorum Health Corporation in a research report on Tuesday, June 6th. They set an “underweight” rating and a $3.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.57.
In related news, SVP Shaheed Koury acquired 8,500 shares of the stock in a transaction on Thursday, May 25th. The stock was acquired at an average price of $3.56 per share, for a total transaction of $30,260.00. Following the completion of the purchase, the senior vice president now owns 88,680 shares of the company’s stock, valued at $315,700.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas Daniel Miller acquired 185,000 shares of the stock in a transaction on Thursday, May 18th. The shares were bought at an average price of $2.85 per share, with a total value of $527,250.00. Following the purchase, the insider now directly owns 814,139 shares of the company’s stock, valued at approximately $2,320,296.15. The disclosure for this purchase can be found here. Insiders have acquired 197,500 shares of company stock valued at $568,190 in the last quarter. 4.70% of the stock is owned by company insiders.
Quorum Health Corporation Company Profile
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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