Quorum Health (QHC) Upgraded to “Hold” by Zacks Investment Research

Quorum Health (NYSE:QHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

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 opened at $2.58 on Friday. The stock has a market cap of $79.45 million, a P/E ratio of -1.98 and a beta of 2.10. Quorum Health has a 1-year low of $2.50 and a 1-year high of $10.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc grew its position in Quorum Health by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 1,753,728 shares of the company’s stock worth $10,276,000 after acquiring an additional 6,999 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in Quorum Health during the 4th quarter worth approximately $28,000. GSA Capital Partners LLP grew its position in Quorum Health by 72.9% during the 3rd quarter. GSA Capital Partners LLP now owns 24,032 shares of the company’s stock worth $141,000 after acquiring an additional 10,132 shares during the last quarter. AQR Capital Management LLC grew its position in Quorum Health by 42.8% during the 3rd quarter. AQR Capital Management LLC now owns 37,399 shares of the company’s stock worth $219,000 after acquiring an additional 11,206 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Quorum Health by 23.5% during the 4th quarter. Rhumbline Advisers now owns 60,771 shares of the company’s stock worth $176,000 after acquiring an additional 11,556 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

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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