Pentwater Capital Management LP purchased a new stake in shares of Quorum Health Corporation (NYSE:QHC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 450,000 shares of the company’s stock, valued at approximately $1,868,000. Pentwater Capital Management LP owned 1.49% of Quorum Health Corporation at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Citigroup Inc. grew its stake in Quorum Health Corporation by 3.7% in the second quarter. Citigroup Inc. now owns 29,080 shares of the company’s stock valued at $121,000 after purchasing an additional 1,027 shares in the last quarter. KCG Holdings Inc. purchased a new position in Quorum Health Corporation in the first quarter valued at about $142,000. Comerica Bank grew its stake in Quorum Health Corporation by 3.7% in the first quarter. Comerica Bank now owns 32,495 shares of the company’s stock valued at $143,000 after purchasing an additional 1,155 shares in the last quarter. State of Tennessee Treasury Department grew its stake in Quorum Health Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 27,034 shares of the company’s stock valued at $147,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Menta Capital LLC purchased a new position in Quorum Health Corporation in the first quarter valued at about $151,000. 81.42% of the stock is currently owned by hedge funds and other institutional investors.

Quorum Health Corporation (NYSE QHC) traded down 0.38% during mid-day trading on Friday, hitting $5.20. The stock had a trading volume of 35,015 shares. The stock’s 50-day moving average is $4.79 and its 200 day moving average is $4.79. The company’s market capitalization is $157.54 million. Quorum Health Corporation has a 52 week low of $3.75 and a 52 week high of $9.46.

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

TRADEMARK VIOLATION NOTICE: “450,000 Shares in Quorum Health Corporation (QHC) Acquired by Pentwater Capital Management LP” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/450000-shares-in-quorum-health-corporation-qhc-acquired-by-pentwater-capital-management-lp.html.

A number of research analysts have commented on QHC shares. Zacks Investment Research upgraded Quorum Health Corporation from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Saturday, July 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $5.00 target price on shares of Quorum Health Corporation in a research note on Tuesday. Deutsche Bank AG boosted their target price on 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 AG boosted their target price on Quorum Health Corporation from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Monday, August 14th. Finally, ValuEngine upgraded Quorum Health Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Quorum Health Corporation presently has an average rating of “Hold” and a consensus price target of $4.13.

Quorum Health Corporation Profile

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).

Institutional Ownership by Quarter for Quorum Health Corporation (NYSE:QHC)

Receive News & Stock Ratings for Quorum Health Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quorum Health Corporation and related stocks with our FREE daily email newsletter.