Zacks Investment Research cut shares of Quorum Health (NYSE:QHC) from a hold rating to a sell rating in a report released on Wednesday morning.

According to Zacks, “Quorum Health Corporation provides hospital and outpatient healthcare 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). It operates QHR, which is a hospital management advisory and consulting services that provides services to non-affiliated general acute care hospitals. Its hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services. “

Shares of NYSE QHC traded down $0.41 on Wednesday, reaching $4.49. 234,489 shares of the company traded hands, compared to its average volume of 326,717. Quorum Health has a fifty-two week low of $3.80 and a fifty-two week high of $10.00. The company has a debt-to-equity ratio of 76.50, a current ratio of 1.48 and a quick ratio of 1.34. The company has a market cap of $173.40 million, a P/E ratio of -3.57 and a beta of 1.84.

Quorum Health (NYSE:QHC) last posted its quarterly earnings data on Tuesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Quorum Health had a negative net margin of 10.66% and a negative return on equity of 248.56%. The company had revenue of $460.51 million for the quarter, compared to analyst estimates of $463.37 million. During the same period in the prior year, the company earned ($0.56) EPS. The company’s revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Quorum Health will post -1.62 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased its stake in shares of Quorum Health by 72.9% during the 3rd quarter. GSA Capital Partners LLP now owns 24,032 shares of the company’s stock valued at $141,000 after acquiring an additional 10,132 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Quorum Health by 42.8% during the 3rd quarter. AQR Capital Management LLC now owns 37,399 shares of the company’s stock valued at $219,000 after acquiring an additional 11,206 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Quorum Health by 103.7% during the 2nd quarter. Rhumbline Advisers now owns 51,166 shares of the company’s stock valued at $256,000 after acquiring an additional 26,045 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in shares of Quorum Health during the 2nd quarter valued at about $267,000. Finally, Mackay Shields LLC acquired a new position in shares of Quorum Health during the 2nd quarter valued at about $387,000. 96.46% of the stock is owned by institutional investors.

Quorum Health Company Profile

Quorum Health Corporation provides hospital and outpatient healthcare services in the United States. Its hospital and outpatient healthcare services include general and acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetric, diagnostic, psychiatric, and rehabilitation services.

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