Quorum Health’s (QHC) Hold Rating Reiterated at Royal Bank of Canada
Royal Bank of Canada restated their hold rating on shares of Quorum Health (NYSE:QHC) in a report issued on Sunday, AnalystRatings.com reports. The firm currently has a $2.00 price target on the stock.
A number of other brokerages also recently issued reports on QHC. ValuEngine upgraded Quorum Health from a sell rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Quorum Health from a sell rating to a hold rating in a research report on Wednesday, May 15th.
Shares of QHC stock opened at $1.10 on Friday. The stock has a market capitalization of $44.43 million, a P/E ratio of -0.67 and a beta of 1.78. The business’s 50 day simple moving average is $1.47. Quorum Health has a 12-month low of $0.95 and a 12-month high of $6.25.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QHC. BlackRock Inc. raised its holdings in Quorum Health by 1.0% in the 4th quarter. BlackRock Inc. now owns 3,751,802 shares of the company’s stock worth $10,844,000 after acquiring an additional 35,491 shares during the period. Bank of New York Mellon Corp raised its holdings in Quorum Health by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 297,285 shares of the company’s stock worth $859,000 after acquiring an additional 20,441 shares during the period. Geode Capital Management LLC raised its holdings in Quorum Health by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 293,046 shares of the company’s stock worth $846,000 after acquiring an additional 16,648 shares during the period. Bank of America Corp DE raised its holdings in Quorum Health by 131.6% in the 4th quarter. Bank of America Corp DE now owns 34,799 shares of the company’s stock worth $101,000 after acquiring an additional 19,773 shares during the period. Finally, SG Americas Securities LLC bought a new position in Quorum Health in the 1st quarter worth $130,000. Institutional investors and hedge funds own 85.46% of the company’s stock.
Quorum Health Company Profile
Quorum Health Corporation, together with its subsidiaries, 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, diagnostic, obstetric, psychiatric, and rehabilitation services.
See Also: What is net income?
Receive News & Ratings for Quorum Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quorum Health and related companies with MarketBeat.com's FREE daily email newsletter.