Arizona State Retirement System lifted its position in shares of Quorum Health Corp (NYSE:QHC) by 224.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,719 shares of the company’s stock after purchasing an additional 33,019 shares during the period. Arizona State Retirement System owned about 0.16% of Quorum Health worth $298,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of QHC. Wells Fargo & Company MN lifted its position in shares of Quorum Health by 151.2% during the fourth quarter. Wells Fargo & Company MN now owns 27,996 shares of the company’s stock worth $175,000 after purchasing an additional 16,849 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Quorum Health by 15.7% during the second quarter. Parametric Portfolio Associates LLC now owns 77,646 shares of the company’s stock worth $322,000 after purchasing an additional 10,550 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Quorum Health by 474.6% during the third quarter. GSA Capital Partners LLP now owns 66,952 shares of the company’s stock worth $347,000 after purchasing an additional 55,300 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Quorum Health during the third quarter worth $621,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of Quorum Health during the third quarter worth $1,037,000. 86.92% of the stock is currently owned by institutional investors and hedge funds.
Shares of Quorum Health stock opened at $6.95 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.62 and a debt-to-equity ratio of 10.69. The stock has a market cap of $204.81, a price-to-earnings ratio of -1.71 and a beta of 3.60. Quorum Health Corp has a 12 month low of $2.54 and a 12 month high of $7.37.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Quorum Health from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley raised shares of Quorum Health from an “underweight” rating to an “equal weight” rating and set a $3.00 target price on the stock in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Quorum Health currently has an average rating of “Hold” and an average price target of $4.13.
COPYRIGHT VIOLATION WARNING: “Arizona State Retirement System Purchases 33,019 Shares of Quorum Health Corp (QHC)” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://stocknewstimes.com/2018/03/22/arizona-state-retirement-system-purchases-33019-shares-of-quorum-health-corp-qhc.html.
About Quorum Health
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).
Want to see what other hedge funds are holding QHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quorum Health Corp (NYSE:QHC).
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.