Great West Life Assurance Co. Can Has $158,000 Stake in Quorum Health Corporation (QHC)

Great West Life Assurance Co. Can continued to hold its position in Quorum Health Corporation (NYSE:QHC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,072 shares of the company’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can owned 0.13% of Quorum Health Corporation worth $158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System grew its holdings in Quorum Health Corporation by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 58,406 shares of the company’s stock valued at $318,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank grew its holdings in Quorum Health Corporation by 3.7% during the 1st quarter. Comerica Bank now owns 32,495 shares of the company’s stock valued at $143,000 after purchasing an additional 1,155 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Quorum Health Corporation by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 27,034 shares of the company’s stock valued at $147,000 after purchasing an additional 4,080 shares in the last quarter. Geode Capital Management LLC grew its holdings in Quorum Health Corporation by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 213,177 shares of the company’s stock valued at $1,159,000 after purchasing an additional 5,373 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Quorum Health Corporation by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,695 shares of the company’s stock valued at $586,000 after purchasing an additional 5,643 shares in the last quarter. 81.42% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on QHC. Credit Suisse Group raised their price target on shares of Quorum Health Corporation from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Monday, August 14th. Zacks Investment Research raised shares of Quorum Health Corporation from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Saturday, July 22nd. ValuEngine raised shares of Quorum Health Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Deutsche Bank AG raised their price target on shares of Quorum Health Corporation from $3.00 to $3.50 and gave the company a “hold” rating in a report on Monday, August 14th. Finally, Morgan Stanley initiated coverage on shares of Quorum Health Corporation in a report on Tuesday, June 6th. They set an “underweight” rating and a $3.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Quorum Health Corporation has an average rating of “Hold” and a consensus price target of $4.29.

Quorum Health Corporation (NYSE:QHC) opened at 4.66 on Friday. The firm’s 50-day moving average is $4.42 and its 200 day moving average is $6.22. Quorum Health Corporation has a one year low of $3.75 and a one year high of $9.46. The firm’s market capitalization is $141.18 million.

Quorum Health Corporation (NYSE:QHC) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.42) earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $513.50 million. During the same period in the previous year, the company earned ($0.82) earnings per share. Quorum Health Corporation’s revenue for the quarter was up .1% on a year-over-year basis. Analysts forecast that Quorum Health Corporation will post ($1.52) EPS for the current fiscal year.

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Quorum Health Corporation 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).

Institutional Ownership by Quarter for Quorum Health Corporation (NYSE:QHC)

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