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 QHC opened at $1.93 on Friday. The stock has a market cap of $63.06 million, a price-to-earnings ratio of -1.18 and a beta of 2.05. Quorum Health has a 12 month low of $1.77 and a 12 month high of $10.00.

Quorum Health (NYSE:QHC) last announced its earnings results on Tuesday, March 12th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.05). The company had revenue of $458.63 million for the quarter. Quorum Health had a negative return on equity of 248.56% and a negative net margin of 10.66%. Equities analysts anticipate that Quorum Health will post -1.29 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in shares of Quorum Health by 72.9% in 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 in the last quarter. York Capital Management Global Advisors LLC raised its position in shares of Quorum Health by 23.7% in the 3rd quarter. York Capital Management Global Advisors LLC now owns 2,621,283 shares of the company’s stock worth $15,361,000 after acquiring an additional 502,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Quorum Health by 29.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 129,530 shares of the company’s stock worth $759,000 after acquiring an additional 29,300 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Quorum Health by 10.7% in the 4th quarter. Acadian Asset Management LLC now owns 879,395 shares of the company’s stock worth $2,542,000 after acquiring an additional 85,051 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Quorum Health by 1,438.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 844,488 shares of the company’s stock worth $4,949,000 after acquiring an additional 789,598 shares in the last quarter. 92.76% of the stock is owned by hedge funds and other institutional investors.

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.

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