OppenheimerFunds Inc. lessened its holdings in shares of Quorum Health Corp (NYSE:QHC) by 17.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,013 shares of the company’s stock after selling 57,512 shares during the quarter. OppenheimerFunds Inc.’s holdings in Quorum Health were worth $1,679,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of QHC. California Public Employees Retirement System boosted its position in Quorum Health by 59.5% during the second quarter. California Public Employees Retirement System now owns 177,549 shares of the company’s stock worth $737,000 after purchasing an additional 66,200 shares during the period. Parametric Portfolio Associates LLC boosted its position in 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 during the period. Dimensional Fund Advisors LP boosted its position in Quorum Health by 20.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,318,005 shares of the company’s stock worth $5,470,000 after purchasing an additional 225,717 shares during the period. Macquarie Group Ltd. bought a new position in Quorum Health during the third quarter worth about $621,000. Finally, JPMorgan Chase & Co. boosted its position in Quorum Health by 16.3% during the third quarter. JPMorgan Chase & Co. now owns 815,934 shares of the company’s stock worth $4,006,000 after purchasing an additional 114,525 shares during the period. Hedge funds and other institutional investors own 86.92% of the company’s stock.
A number of brokerages have weighed in on QHC. Zacks Investment Research upgraded shares of Quorum Health from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Morgan Stanley upgraded shares of Quorum Health from an “underweight” rating to an “equal weight” rating and set a $3.00 target price for the company in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $4.13.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://sportsperspectives.com/2018/03/14/oppenheimerfunds-inc-cuts-holdings-in-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.