Quorum Health (NYSE:QHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Quorum Health Corporation provides hospital and outpatient healthcare 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). It operates QHR, which is a hospital management advisory and consulting services that provides services to non-affiliated general acute care hospitals. Its hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services. “

NYSE:QHC opened at $3.88 on Friday. Quorum Health has a twelve month low of $3.75 and a twelve month high of $10.00. The company has a debt-to-equity ratio of 76.50, a current ratio of 1.48 and a quick ratio of 1.34. The company has a market cap of $126.43 million, a price-to-earnings ratio of -2.98 and a beta of 1.89.

Quorum Health (NYSE:QHC) last released its quarterly earnings results on Tuesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Quorum Health had a negative return on equity of 248.56% and a negative net margin of 10.66%. The firm had revenue of $460.51 million for the quarter, compared to analyst estimates of $463.37 million. During the same period last year, the company earned ($0.56) EPS. The company’s revenue was down 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Quorum Health will post -1.62 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its position in Quorum Health by 72.9% during the 3rd quarter. GSA Capital Partners LLP now owns 24,032 shares of the company’s stock worth $141,000 after acquiring an additional 10,132 shares during the last quarter. AQR Capital Management LLC boosted its position in Quorum Health by 42.8% during the 3rd quarter. AQR Capital Management LLC now owns 37,399 shares of the company’s stock worth $219,000 after acquiring an additional 11,206 shares during the last quarter. Rhumbline Advisers boosted its position in Quorum Health by 103.7% during the 2nd quarter. Rhumbline Advisers now owns 51,166 shares of the company’s stock worth $256,000 after acquiring an additional 26,045 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Quorum Health during the 2nd quarter worth approximately $267,000. Finally, Mackay Shields LLC acquired a new position in Quorum Health during the 2nd quarter worth approximately $387,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Quorum Health Company Profile

Quorum Health Corporation provides hospital and outpatient healthcare services in the United States. Its hospital and outpatient healthcare services include general and acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services.

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