Quorum Health (QHC) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Quorum Health (NYSE:QHC) from a hold rating to a sell rating in a research report sent to investors on Thursday 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. “

Several other brokerages also recently commented on QHC. Royal Bank Of Canada reiterated a hold rating and issued a $5.00 target price on shares of Quorum Health in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Quorum Health from a strong sell rating to a sell rating in a report on Friday, September 1st. Deutsche Bank lifted their target price on shares of Quorum Health from $3.00 to $3.50 and gave the stock a hold rating in a report on Monday, August 14th. Finally, Credit Suisse Group lifted their target price on shares of Quorum Health from $3.00 to $4.00 and gave the stock a neutral rating in a report on Monday, August 14th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Sell and an average price target of $4.13.

Quorum Health (NYSE QHC) opened at $4.84 on Thursday. Quorum Health has a twelve month low of $2.54 and a twelve month high of $9.46. The company has a quick ratio of 1.68, a current ratio of 1.84 and a debt-to-equity ratio of 9.39.

In related news, SVP Shaheed Koury acquired 10,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $4.69 per share, for a total transaction of $46,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Cetera Advisor Networks LLC bought a new position in shares of Quorum Health during the 3rd quarter worth about $1,037,000. Simplex Trading LLC increased its holdings in shares of Quorum Health by 470.9% during the 3rd quarter. Simplex Trading LLC now owns 19,909 shares of the company’s stock worth $103,000 after purchasing an additional 16,422 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Quorum Health by 41.6% during the 2nd quarter. Sterling Capital Management LLC now owns 26,918 shares of the company’s stock worth $112,000 after purchasing an additional 7,909 shares during the period. Citigroup Inc. increased its holdings in shares of Quorum Health by 3.7% during the 2nd quarter. Citigroup Inc. now owns 29,080 shares of the company’s stock worth $121,000 after purchasing an additional 1,027 shares during the period. Finally, Federated Investors Inc. PA bought a new position in shares of Quorum Health during the 2nd quarter worth about $157,000. Institutional investors own 81.68% of the company’s stock.

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Quorum Health Company 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).

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