Nobilis Health Corp (HLTH) Short Interest Update
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 5,343,737 shares, a decrease of 21.9% from the June 15th total of 6,842,106 shares. Approximately 10.1% of the company’s stock are sold short. Based on an average daily volume of 1,207,160 shares, the short-interest ratio is currently 4.4 days.
Shares of Nobilis Health Corp (NYSE HLTH) traded down 3.03% on Monday, hitting $1.60. 333,241 shares of the stock were exchanged. The company has a 50-day moving average price of $1.75 and a 200-day moving average price of $1.74. The firm has a market capitalization of $124.49 million and a PE ratio of 13.79. Nobilis Health Corp has a one year low of $1.10 and a one year high of $3.86.
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) last posted its quarterly earnings results on Wednesday, August 2nd. The healthcare company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $79.96 million for the quarter, compared to the consensus estimate of $69.89 million. Equities research analysts expect that Nobilis Health Corp will post $0.13 earnings per share for the current year.
Nobilis Health Corp declared that its board has authorized a stock buyback plan on Tuesday, May 2nd that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the healthcare company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in Nobilis Health Corp by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 161,086 shares of the healthcare company’s stock valued at $274,000 after buying an additional 4,672 shares during the last quarter. Teachers Advisors LLC raised its position in Nobilis Health Corp by 12.9% in the fourth quarter. Teachers Advisors LLC now owns 97,421 shares of the healthcare company’s stock valued at $205,000 after buying an additional 11,112 shares during the last quarter. Winslow Asset Management Inc. raised its position in Nobilis Health Corp by 1.6% in the first quarter. Winslow Asset Management Inc. now owns 761,423 shares of the healthcare company’s stock valued at $1,294,000 after buying an additional 11,964 shares during the last quarter. Russell Investments Group Ltd. raised its position in Nobilis Health Corp by 3.0% in the first quarter. Russell Investments Group Ltd. now owns 1,048,111 shares of the healthcare company’s stock valued at $1,782,000 after buying an additional 30,380 shares during the last quarter. Finally, Globeflex Capital L P raised its position in shares of Nobilis Health Corp by 46.8% in the first quarter. Globeflex Capital L P now owns 135,292 shares of the healthcare company’s stock worth $230,000 after buying an additional 43,100 shares in the last quarter.
A number of equities research analysts recently issued reports on HLTH shares. Benchmark Co. initiated coverage on shares of Nobilis Health Corp in a report on Friday, May 19th. They issued a “buy” rating and a $2.50 price objective for the company. Zacks Investment Research upgraded shares of Nobilis Health Corp from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Nobilis Health Corp presently has an average rating of “Hold” and a consensus target price of $2.70.
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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