Quorum Health (QHC) Releases Earnings Results, Misses Expectations By $0.05 EPS

Quorum Health (NYSE:QHC) announced its quarterly earnings results on Tuesday. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.05), Morningstar.com reports. Quorum Health had a negative net margin of 10.66% and a negative return on equity of 248.56%.

Shares of QHC opened at $2.00 on Wednesday. Quorum Health has a 52-week low of $1.77 and a 52-week high of $10.00. The company has a market capitalization of $74.09 million, a P/E ratio of -1.54 and a beta of 2.10.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc grew its position in shares of Quorum Health by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 1,753,728 shares of the company’s stock valued at $10,276,000 after purchasing an additional 6,999 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Quorum Health in the 4th quarter valued at approximately $28,000. GSA Capital Partners LLP grew its position in shares of Quorum Health by 72.9% in the 3rd quarter. GSA Capital Partners LLP now owns 24,032 shares of the company’s stock valued at $141,000 after purchasing an additional 10,132 shares during the period. AQR Capital Management LLC grew its position in shares of Quorum Health by 42.8% in the 3rd quarter. AQR Capital Management LLC now owns 37,399 shares of the company’s stock valued at $219,000 after purchasing an additional 11,206 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Quorum Health by 23.5% in the 4th quarter. Rhumbline Advisers now owns 60,771 shares of the company’s stock valued at $176,000 after purchasing an additional 11,556 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.



Separately, Zacks Investment Research upgraded Quorum Health from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st.

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About Quorum Health

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.

Further Reading: Bond

Earnings History for Quorum Health (NYSE:QHC)

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