Quorum Health (NYSE:QHC) Upgraded at ValuEngine

ValuEngine upgraded shares of Quorum Health (NYSE:QHC) from a hold rating to a buy rating in a report published on Wednesday morning, ValuEngine reports.

Separately, Royal Bank of Canada restated a hold rating and issued a $2.00 target price on shares of Quorum Health in a report on Sunday, August 11th.

NYSE QHC traded down $0.01 on Wednesday, reaching $1.18. 36,257 shares of the company’s stock traded hands, compared to its average volume of 117,135. Quorum Health has a 12 month low of $0.91 and a 12 month high of $5.74. The stock has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.50. The stock has a market cap of $39.17 million, a PE ratio of -0.72 and a beta of 2.01.

Quorum Health (NYSE:QHC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.02). The business had revenue of $442.17 million for the quarter, compared to analyst estimates of $475.01 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. Quorum Health’s revenue was down 6.4% on a year-over-year basis.

Institutional investors have recently modified their holdings of the company. Paloma Partners Management Co grew its holdings in shares of Quorum Health by 57.4% in the second quarter. Paloma Partners Management Co now owns 134,500 shares of the company’s stock worth $187,000 after purchasing an additional 49,026 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Quorum Health in the first quarter worth approximately $130,000. KBC Group NV bought a new position in shares of Quorum Health in the second quarter worth approximately $36,000. Vanguard Group Inc. grew its holdings in shares of Quorum Health by 20.0% in the second quarter. Vanguard Group Inc. now owns 1,864,993 shares of the company’s stock worth $2,592,000 after purchasing an additional 310,554 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Quorum Health by 337.8% in the second quarter. Jane Street Group LLC now owns 81,858 shares of the company’s stock worth $114,000 after purchasing an additional 63,159 shares during the last quarter. Hedge funds and other institutional investors own 74.97% of the company’s stock.

Quorum Health Company Profile

Quorum Health Corporation, together with its subsidiaries, 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, diagnostic, obstetric, psychiatric, and rehabilitation services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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