Spark Investment Management LLC lifted its stake in shares of Quorum Health Corp (NYSE:QHC) by 34.1% in the 1st quarter, Holdings Channel reports. The firm owned 95,977 shares of the company’s stock after buying an additional 24,418 shares during the quarter. Spark Investment Management LLC’s holdings in Quorum Health were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of Quorum Health during the 4th quarter worth approximately $28,000. Alambic Investment Management L.P. purchased a new stake in shares of Quorum Health during the 4th quarter worth approximately $58,000. Bank of America Corp DE increased its stake in shares of Quorum Health by 131.6% during the 4th quarter. Bank of America Corp DE now owns 34,799 shares of the company’s stock worth $101,000 after purchasing an additional 19,773 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of 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 purchasing an additional 11,206 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of 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 purchasing an additional 11,556 shares during the last quarter. Institutional investors own 84.12% of the company’s stock.
Several brokerages have recently issued reports on QHC. Zacks Investment Research lowered shares of Quorum Health from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $2.00 price objective on shares of Quorum Health in a report on Monday, May 13th. Finally, ValuEngine downgraded shares of Quorum Health from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
Quorum Health (NYSE:QHC) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by ($0.25). The business had revenue of $442.80 million during the quarter, compared to the consensus estimate of $467.87 million. Quorum Health had a negative return on equity of 248.55% and a negative net margin of 7.65%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period last year, the business posted ($0.80) earnings per share. On average, analysts predict that Quorum Health Corp will post -1.51 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Quorum Health Corp (QHC) Shares Bought by Spark Investment Management LLC” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://sportsperspectives.com/2019/05/26/quorum-health-corp-qhc-shares-bought-by-spark-investment-management-llc.html.
Quorum Health Company Profile
Quorum Health Corporation, together with its subsidiaries, 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, diagnostic, obstetric, psychiatric, and rehabilitation services.
See Also: How accurate is the Rule of 72?
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.