TIAA CREF Investment Management LLC raised its position in Quorum Health Corporation (NYSE:QHC) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 267,540 shares of the company’s stock after buying an additional 15,569 shares during the period. TIAA CREF Investment Management LLC’s holdings in Quorum Health Corporation were worth $1,455,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Quorum Health Corporation by 81.4% in the first quarter. JPMorgan Chase & Co. now owns 1,707,292 shares of the company’s stock valued at $9,288,000 after buying an additional 766,051 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Quorum Health Corporation by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 967,565 shares of the company’s stock valued at $7,034,000 after buying an additional 146,439 shares during the period. Acadian Asset Management LLC increased its stake in shares of Quorum Health Corporation by 130.4% in the first quarter. Acadian Asset Management LLC now owns 549,342 shares of the company’s stock valued at $2,989,000 after buying an additional 310,948 shares during the period. FMR LLC increased its stake in shares of Quorum Health Corporation by 32.5% in the first quarter. FMR LLC now owns 359,062 shares of the company’s stock valued at $1,953,000 after buying an additional 88,001 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Quorum Health Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 224,108 shares of the company’s stock valued at $1,219,000 after buying an additional 7,870 shares during the period. Institutional investors own 87.88% of the company’s stock.

Shares of Quorum Health Corporation (QHC) traded up 7.84% during midday trading on Friday, reaching $3.85. 788,189 shares of the company traded hands. The firm’s market capitalization is $116.64 million. The company has a 50-day moving average of $3.69 and a 200 day moving average of $5.32. Quorum Health Corporation has a 12-month low of $2.54 and a 12-month high of $9.46.

Quorum Health Corporation (NYSE:QHC) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.24. Quorum Health Corporation had a negative net margin of 7.13% and a negative return on equity of 61.90%. The business had revenue of $530.15 million for the quarter, compared to analysts’ expectations of $513.50 million. During the same period in the previous year, the company earned ($0.82) earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts forecast that Quorum Health Corporation will post ($1.63) earnings per share for the current year.

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Several brokerages recently issued reports on QHC. Zacks Investment Research upgraded shares of Quorum Health Corporation from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Saturday, July 22nd. Morgan Stanley began coverage on shares of Quorum Health Corporation in a research note on Tuesday, June 6th. They issued an “underweight” rating and a $3.00 target price for the company. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $3.25 target price (down from $5.00) on shares of Quorum Health Corporation in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.57.

In related news, insider Thomas Daniel Miller bought 185,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $2.85 per share, for a total transaction of $527,250.00. Following the completion of the purchase, the insider now directly owns 814,139 shares in the company, valued at $2,320,296.15. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Shaheed Koury bought 8,500 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was bought 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 197,500 shares of company stock worth $568,190. 4.70% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Quorum Health Corporation (NYSE:QHC)

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