Nobilis Health (HLTH) Trading Up 7.4%

Nobilis Health Corp (NYSEAMERICAN:HLTH) (TSE:NHC)’s share price was up 7.4% on Thursday . The company traded as high as $1.45 and last traded at $1.45. Approximately 880,226 shares traded hands during mid-day trading, an increase of 144% from the average daily volume of 360,216 shares. The stock had previously closed at $1.35.

Separately, Zacks Investment Research cut shares of Nobilis Health from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.

The company has a market capitalization of $105.04, a price-to-earnings ratio of 12.08 and a beta of -0.82.

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last released its quarterly earnings results on Monday, November 6th. The healthcare company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $78.29 million. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share.

Several large investors have recently made changes to their positions in HLTH. Russell Investments Group Ltd. grew its position in shares of Nobilis Health by 2,832.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 734,251 shares of the healthcare company’s stock worth $1,100,000 after purchasing an additional 709,210 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Nobilis Health by 404.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 694,871 shares of the healthcare company’s stock worth $1,320,000 after purchasing an additional 557,230 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Nobilis Health during the 3rd quarter worth approximately $748,000. National Investment Services Inc. WI grew its position in shares of Nobilis Health by 132.3% during the 4th quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock worth $403,000 after purchasing an additional 169,955 shares in the last quarter. Finally, Virtu KCG Holdings LLC grew its position in shares of Nobilis Health by 130.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock worth $316,000 after purchasing an additional 94,154 shares in the last quarter.

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About Nobilis Health

Nobilis Health Corp. (Nobilis) owns and manages healthcare facilities in the States of Texas and Arizona, consisting primarily of ambulatory surgery centers (ASCs) and acute-care and surgical hospitals. The Company’s segments include Medical Services, Marketing Services and Corporate. The Medical Services segment owns and manages approximately nine healthcare facilities in Texas and Arizona; over four hospitals, and approximately five ambulatory surgery centers.

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