Quorum Health Corp (QHC) Receives Consensus Rating of “Hold” from Analysts

Quorum Health Corp (NYSE:QHC) has been given an average rating of “Hold” by the seven brokerages that are covering the company. Seven equities research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.40.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $6.00 target price on shares of Quorum Health Corp in a research report on Tuesday, January 3rd. Deutsche Bank AG assumed coverage on shares of Quorum Health Corp in a research report on Tuesday, April 4th. They set a “hold” rating and a $5.00 target price on the stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Sound Point Capital Management LP acquired a new position in Quorum Health Corp during the fourth quarter worth about $2,517,000. Bogle Investment Management L P DE increased its position in Quorum Health Corp by 52.1% in the fourth quarter. Bogle Investment Management L P DE now owns 146,666 shares of the company’s stock worth $1,066,000 after buying an additional 50,210 shares in the last quarter. Davidson Kempner Capital Management LP increased its position in Quorum Health Corp by 33.2% in the fourth quarter. Davidson Kempner Capital Management LP now owns 1,501,030 shares of the company’s stock worth $10,912,000 after buying an additional 373,721 shares in the last quarter. Two Sigma Investments LP acquired a new position in Quorum Health Corp during the fourth quarter worth about $375,000. Finally, Dimensional Fund Advisors LP increased its position in Quorum Health Corp by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 967,565 shares of the company’s stock worth $7,034,000 after buying an additional 146,439 shares in the last quarter.

Shares of Quorum Health Corp (NYSE:QHC) traded down 1.78% on Tuesday, reaching $4.41. The company had a trading volume of 101,924 shares. The stock’s 50 day moving average is $6.41 and its 200 day moving average is $6.87. The firm’s market capitalization is $133.20 million. Quorum Health Corp has a 52 week low of $3.75 and a 52 week high of $17.75.

Quorum Health Corp (NYSE:QHC) last issued its earnings results on Wednesday, March 29th. The company reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.33. The firm had revenue of $515.20 million for the quarter, compared to analyst estimates of $551.46 million. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Quorum Health Corp will post ($1.09) EPS for the current year.

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Quorum Health Corp Company Profile

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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