Quorum Health Corp (QHC) Shares Sold by Highland Capital Management LP

Highland Capital Management LP lessened its holdings in Quorum Health Corp (NYSE:QHC) by 35.4% during the first quarter, HoldingsChannel reports. The firm owned 1,111,917 shares of the company’s stock after selling 610,592 shares during the quarter. Highland Capital Management LP’s holdings in Quorum Health were worth $9,096,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of Quorum Health by 11.2% in the 1st quarter. Northern Trust Corp now owns 75,377 shares of the company’s stock valued at $617,000 after purchasing an additional 7,615 shares in the last quarter. Barclays PLC boosted its holdings in shares of Quorum Health by 25.3% in the 1st quarter. Barclays PLC now owns 49,817 shares of the company’s stock valued at $408,000 after purchasing an additional 10,061 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Quorum Health in the 1st quarter valued at $103,000. Jane Street Group LLC boosted its holdings in shares of Quorum Health by 130.5% in the 1st quarter. Jane Street Group LLC now owns 24,323 shares of the company’s stock valued at $199,000 after purchasing an additional 13,771 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Quorum Health by 43.7% in the 1st quarter. Citadel Advisors LLC now owns 45,893 shares of the company’s stock valued at $376,000 after purchasing an additional 13,960 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Quorum Health opened at $4.89 on Thursday, according to MarketBeat.com. The company has a debt-to-equity ratio of 76.50, a quick ratio of 1.51 and a current ratio of 1.64. Quorum Health Corp has a twelve month low of $2.91 and a twelve month high of $10.00. The firm has a market cap of $146.39 million, a P/E ratio of -3.76 and a beta of 1.23.

Quorum Health (NYSE:QHC) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.80) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.32). Quorum Health had a negative net margin of 9.14% and a negative return on equity of 46.79%. The firm had revenue of $486.80 million for the quarter, compared to analyst estimates of $467.80 million. During the same period last year, the business earned ($0.99) EPS. The company’s revenue was down 7.7% compared to the same quarter last year. analysts forecast that Quorum Health Corp will post -1.68 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Quorum Health from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. ValuEngine raised Quorum Health from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Quorum Health has an average rating of “Hold” and an average price target of $4.05.

About Quorum Health

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.

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).

Institutional Ownership by Quarter for Quorum Health (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.

Leave a Reply