CNH Partners LLC maintained its stake in Quorum Health Corporation (NYSE:QHC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,681 shares of the company’s stock at the end of the 2nd quarter. CNH Partners LLC owned 0.16% of Quorum Health Corporation worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of Quorum Health Corporation by 3.7% in the 2nd quarter. Citigroup Inc. now owns 29,080 shares of the company’s stock worth $121,000 after purchasing an additional 1,027 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Quorum Health Corporation in the 1st quarter worth approximately $142,000. Comerica Bank boosted its position in shares of Quorum Health Corporation by 3.7% in the 1st quarter. Comerica Bank now owns 32,495 shares of the company’s stock worth $143,000 after purchasing an additional 1,155 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Quorum Health Corporation by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 27,034 shares of the company’s stock worth $147,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Menta Capital LLC bought a new stake in shares of Quorum Health Corporation in the 1st quarter worth approximately $151,000. 81.42% of the stock is currently owned by hedge funds and other institutional investors.
Quorum Health Corporation (NYSE:QHC) traded up 0.40% during trading on Wednesday, reaching $5.02. The company had a trading volume of 3,097 shares. The stock’s market capitalization is $152.09 million. Quorum Health Corporation has a 12-month low of $3.75 and a 12-month high of $9.46. The stock has a 50 day moving average of $4.84 and a 200-day moving average of $4.84.
Quorum Health Corporation (NYSE:QHC) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.66) by $0.24. Quorum Health Corporation had a negative net margin of 6.88% and a negative return on equity of 26.69%. The business had revenue of $530.15 million for the quarter, compared to analyst estimates of $513.50 million. During the same period in the previous year, the company earned ($0.82) earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, analysts forecast that Quorum Health Corporation will post ($1.53) earnings per share for the current fiscal year.
A number of analysts have recently commented on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $5.00 price target on shares of Quorum Health Corporation in a research report on Tuesday, October 3rd. Zacks Investment Research raised Quorum Health Corporation from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Wednesday, September 13th. ValuEngine raised Quorum Health Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Credit Suisse Group upped their price objective on Quorum Health Corporation from $3.00 to $4.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. Finally, Deutsche Bank AG upped their price objective on Quorum Health Corporation from $3.00 to $3.50 and gave the company a “hold” rating in a research report on Monday, August 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Quorum Health Corporation presently has an average rating of “Hold” and an average price target of $4.13.
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About Quorum Health Corporation
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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