Shares of Quorum Health Corporation (NYSE:QHC) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.20.

Several research firms have issued reports on QHC. ValuEngine upgraded shares of Quorum Health Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Deutsche Bank AG upped their price objective on shares of Quorum Health Corporation from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Monday, August 14th. Credit Suisse Group upped their price objective on shares of Quorum Health Corporation from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Quorum Health Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Morgan Stanley began coverage on shares of Quorum Health Corporation in a research note on Tuesday, June 6th. They issued an “underweight” rating and a $3.00 price objective for the company.

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Shares of Quorum Health Corporation (QHC) traded down 0.24% during mid-day trading on Tuesday, hitting $4.15. The stock had a trading volume of 190,191 shares. The firm’s market cap is $125.74 million. The stock’s 50-day moving average is $3.90 and its 200 day moving average is $4.75. Quorum Health Corporation has a 12 month low of $2.54 and a 12 month high of $9.46.

Quorum Health Corporation (NYSE:QHC) last issued its earnings results on Wednesday, August 9th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.24. The firm had revenue of $530.15 million during the quarter, compared to the consensus estimate of $513.50 million. Quorum Health Corporation had a negative net margin of 6.88% and a negative return on equity of 26.69%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.82) earnings per share. Equities research analysts predict that Quorum Health Corporation will post ($1.52) earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its holdings in Quorum Health Corporation by 130.4% during the first quarter. Acadian Asset Management LLC now owns 549,342 shares of the company’s stock worth $2,989,000 after purchasing an additional 310,948 shares in the last quarter. Kohlberg Kravis Roberts & Co. L.P. grew its position in shares of Quorum Health Corporation by 502.3% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 1,663,181 shares of the company’s stock valued at $9,048,000 after purchasing an additional 1,387,064 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Quorum Health Corporation by 81.4% in the first quarter. JPMorgan Chase & Co. now owns 1,707,292 shares of the company’s stock valued at $9,288,000 after purchasing an additional 766,051 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Quorum Health Corporation in the first quarter valued at approximately $125,000. Finally, LMR Partners LLP acquired a new stake in shares of Quorum Health Corporation in the second quarter valued at approximately $321,000. 81.42% of the stock is owned by hedge funds and other institutional investors.

About Quorum Health Corporation

Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Company operates in two segments: 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 (QHR).

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