On April 1, 2016, Community Health Systems, Inc. announced that its board of directors has approved the distribution to its stockholders of 100% of the common stock of a new, independent publicly traded company, Quorum Health Corporation. Zacks Investment Research now has $4.50 price objective on the stock.
According to Zacks, "Quorum Health Corporation provides hospital and outpatient healthcare services in the United States". The Firm operates in two divisions: 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. It operates QHR, which is a hospital management advisory and consulting services that provides services to non-affiliated general acute care hospitals. Its hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services.
Other equities research analysts have also recently issued research reports about the stock. Finally, Zacks Investment Research upgraded shares of Quorum Health Corporation from a "hold" rating to a "buy" rating and set a $4.50 price target on the stock in a research report on Saturday, July 22nd. On Wednesday, June 7 the stock rating was initiated by Morgan Stanley with "Underweight". The stock of Quorum Health Corp (NYSE:QHC) earned "Hold" rating by Deutsche Bank on Wednesday, April 5. They issued a "hold" rating and a $5.00 price target for the company.
Quorum Health Corporation (NYSE:QHC) opened at 3.85 on Friday. Quorum Health Corporation has a 1-year low of $2.54 and a 1-year high of $9.46.
The stock has a 50 day moving average price of $3.69 and a 200 day moving average price of $5.32. The stock's market capitalization is $116.64 million.
Analysts expect Quorum Health Corp (NYSE:QHC) to report $-0.55 EPS on August, 9.They anticipate $0.47 EPS change or 46.08% from last quarter's $-1.02 EPS. The business had revenue of $527.60 million for the quarter, compared to the consensus estimate of $548.81 million. The company's revenue for the quarter was up.1% on a year-over-year basis. It now has negative earnings. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/08/12/quorum-health-corporation-nyseqhc-given-consensus-rating-of-hold-by-brokerages.html. The shares were purchased at an average price of $2.85 per share, for a total transaction of $527,250.00. Following the completion of the transaction, the insider now directly owns 814,139 shares in the company, valued at $2,320,296.15. Also, SVP Shaheed Koury bought 8,500 shares of the firm's stock in a transaction that occurred on Thursday, May 25th. The shares were bought at an average price of $3.56 per share, for a total transaction of $30,260.00. Dimensional Fund Advisors has an ownership of 967,565 stocks of the firms shares valued $7,034,000 after scooping up an extra 146,439 shares through out the quarter. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 197,500 shares of company stock worth $568,190.
Other investment firms and many large funds lately modified to their stake in The corporation. Dimensional Fund Advisors raised its stake in stocks of Quorum Health Corporation by 17.8% in the Q4. Following the transaction, the senior vice president now owns 88,680 shares of the company's stock, valued at approximately $315,700.80. FMR LLC boosted its position in Quorum Health Corporation by 22.7% in the second quarter. Goldman Sachs Group Inc. now owns 859,477 shares of the company's stock worth $4,676,000 after buying an additional 452,671 shares in the last quarter. Metropolitan Life Insurance Co. Acadian Asset Management LLC boosted its stake in shares of Quorum Health Corporation by 130.4% in the first quarter.
ILLEGAL ACTIVITY NOTICE: "Quorum Health Corporation (QHC) Getting Somewhat Favorable Media Coverage, Accern Reports" was reported by Sports Perspectives and is owned by of Sports Perspectives. Equities research analysts forecast that Quorum Health Corporation will post ($1.63) EPS for the current fiscal year.