LMR Partners LLP Takes Position in Nobilis Health Corp (HLTH)
LMR Partners LLP purchased a new stake in shares of Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 211,221 shares of the healthcare company’s stock, valued at approximately $401,000. LMR Partners LLP owned about 0.27% of Nobilis Health Corp at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Nobilis Health Corp by 346.8% in the first quarter. SG Americas Securities LLC now owns 64,181 shares of the healthcare company’s stock valued at $109,000 after buying an additional 49,817 shares during the period. Teachers Advisors LLC boosted its position in shares of 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 period. Globeflex Capital L P boosted 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 valued at $230,000 after buying an additional 43,100 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Nobilis Health Corp by 123.9% in the first quarter. Goldman Sachs Group Inc. now owns 137,641 shares of the healthcare company’s stock valued at $234,000 after buying an additional 76,154 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of 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 period.
Shares of Nobilis Health Corp (NYSE HLTH) opened at 1.65 on Tuesday. Nobilis Health Corp has a 1-year low of $1.10 and a 1-year high of $3.86. The company’s 50-day moving average price is $1.69 and its 200 day moving average price is $1.68. The company has a market cap of $128.38 million and a price-to-earnings ratio of 23.24.
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) last issued its quarterly earnings results on Wednesday, August 2nd. The healthcare company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $79.96 million during the quarter, compared to analysts’ expectations of $69.89 million. On average, analysts predict that Nobilis Health Corp will post $0.14 earnings per share for the current fiscal year.
Nobilis Health Corp announced that its Board of Directors has initiated a share buyback program on Tuesday, May 2nd that allows the company to repurchase 4,000,000 shares. This repurchase authorization allows the healthcare company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.
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Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Nobilis Health Corp from a “hold” rating to a “strong-buy” rating and set a $1.50 price target for the company in a research report on Monday, May 22nd. Benchmark Co. assumed coverage on Nobilis Health Corp in a research note on Friday, May 19th. They set a “buy” rating and a $2.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Nobilis Health Corp currently has a consensus rating of “Hold” and an average target price of $2.70.
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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