Quorum Health Corp (QHC) Receives $4.00 Average Price Target from Analysts

Quorum Health Corp (NYSE:QHC) has earned a consensus recommendation of “Hold” from the seven analysts 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 twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.00.

A number of research firms have recently commented on QHC. Zacks Investment Research upgraded Quorum Health from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a report on Wednesday, September 13th. Royal Bank of Canada restated a “hold” rating and set a $5.00 price objective on shares of Quorum Health in a report on Tuesday, October 3rd. Finally, Morgan Stanley upgraded Quorum Health from an “underweight” rating to an “equal weight” rating and set a $3.00 price objective for the company in a report on Wednesday, December 20th.

In other news, SVP Shaheed Koury acquired 10,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $4.69 per share, for a total transaction of $46,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in Quorum Health by 474.6% in the 3rd quarter. GSA Capital Partners LLP now owns 66,952 shares of the company’s stock valued at $347,000 after purchasing an additional 55,300 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Quorum Health in the 3rd quarter valued at $1,037,000. California Public Employees Retirement System increased its holdings in Quorum Health by 38.9% in the 3rd quarter. California Public Employees Retirement System now owns 246,684 shares of the company’s stock valued at $1,278,000 after purchasing an additional 69,135 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Quorum Health by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,384,935 shares of the company’s stock valued at $7,174,000 after purchasing an additional 66,930 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Quorum Health by 16.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 815,934 shares of the company’s stock valued at $4,006,000 after purchasing an additional 114,525 shares in the last quarter. Institutional investors and hedge funds own 81.83% of the company’s stock.

Shares of Quorum Health (QHC) traded up $0.28 on Monday, reaching $6.46. The company’s stock had a trading volume of 192,200 shares, compared to its average volume of 207,657. The company has a debt-to-equity ratio of 9.39, a current ratio of 1.84 and a quick ratio of 1.68. The firm has a market cap of $197.84 and a P/E ratio of -1.03. Quorum Health has a 52 week low of $2.54 and a 52 week high of $9.46.

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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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