Nobilis Health Corp (NYSE:HLTH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Nobilis Health Corp. own and manage ambulatory and acute care facilities for healthcare services. In addition, it owns and manages ambulatory surgery centers, acute care hospital, imaging centers and urgent care clinic. The company operates primarily in Houston, Dallas and Scottsdale, Arizona. Nobilis Health Corp. is headquartered in Houston, Texas. “

Separately, Canaccord Genuity set a $4.80 price target on shares of Nobilis Health Corp and gave the stock a “buy” rating in a research note on Monday, September 19th.

Shares of Nobilis Health Corp (NYSE:HLTH) opened at 2.40 on Friday. Nobilis Health Corp has a 12-month low of $1.82 and a 12-month high of $4.66. The company has a market cap of $184.27 million and a price-to-earnings ratio of 3.52. The company’s 50-day moving average is $3.24 and its 200-day moving average is $3.07.

Nobilis Health Corp (NYSE:HLTH) last announced its quarterly earnings results on Monday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.11. The firm had revenue of $70.70 million for the quarter, compared to analysts’ expectations of $65.75 million. During the same period in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. Equities research analysts predict that Nobilis Health Corp will post $0.31 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its position in Nobilis Health Corp by 88.6% in the second quarter. Rhumbline Advisers now owns 44,997 shares of the company’s stock worth $100,000 after buying an additional 21,135 shares during the last quarter. Geode Capital Management LLC increased its position in Nobilis Health Corp by 10.4% in the first quarter. Geode Capital Management LLC now owns 34,596 shares of the company’s stock worth $108,000 after buying an additional 3,268 shares during the last quarter. BlackRock Inc. increased its position in Nobilis Health Corp by 3.3% in the third quarter. BlackRock Inc. now owns 32,953 shares of the company’s stock worth $110,000 after buying an additional 1,042 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Nobilis Health Corp during the second quarter worth about $165,000. Finally, Synovus Financial Corp acquired a new position in Nobilis Health Corp during the second quarter worth about $175,000.

About Nobilis Health Corp

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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