Nobilis Health Corp (HLTH) Sees Significant Increase in Short Interest
Nobilis Health Corp (NYSE:HLTH) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 7,134,781 shares, a growth of 3.0% from the September 15th total of 6,926,285 shares. Based on an average daily volume of 235,145 shares, the short-interest ratio is presently 30.3 days. Approximately 13.7% of the shares of the stock are sold short.
Nobilis Health Corp (NYSE:HLTH) traded down 0.57% during mid-day trading on Tuesday, hitting $3.48. The company had a trading volume of 146,285 shares. The company’s 50 day moving average price is $3.42 and its 200-day moving average price is $3.14. The company has a market cap of $267.20 million and a PE ratio of 5.11. Nobilis Health Corp has a one year low of $1.82 and a one year high of $4.66.
Nobilis Health Corp (NYSE:HLTH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.18 million. The firm’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. Equities research analysts anticipate that Nobilis Health Corp will post $0.37 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its stake in shares of Nobilis Health Corp by 28.7% in the second quarter. Royce & Associates LP now owns 1,590,800 shares of the company’s stock valued at $3,547,000 after buying an additional 355,100 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Nobilis Health Corp during the second quarter valued at $175,000. Emerald Acquisition Ltd. acquired a new stake in shares of Nobilis Health Corp during the second quarter valued at $2,498,000. California State Teachers Retirement System increased its stake in shares of Nobilis Health Corp by 70.3% in the second quarter. California State Teachers Retirement System now owns 116,338 shares of the company’s stock valued at $259,000 after buying an additional 48,016 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Nobilis Health Corp by 67.9% in the second quarter. Bank of New York Mellon Corp now owns 111,448 shares of the company’s stock valued at $248,000 after buying an additional 45,088 shares during the last quarter.
A number of analysts recently commented on the company. Canaccord Genuity assumed coverage on Nobilis Health Corp in a research note on Wednesday, July 13th. They set a “buy” rating on the stock. Zacks Investment Research lowered Nobilis Health Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th.
Nobilis Health Corp Company Profile
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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