Quorum plummets to new lows after Q1 report

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The 36-hospital system, which is a spin-off of Franklin, Tenn. -based Community Health Systems, reported operating revenues of $527.6 million in the first quarter of fiscal year 2017, a decrease from the $549.6 million in same period the year prior. The present value of the firm in the stock market is $4.04B.

In terms of earnings per share, 4 analysts have a -0.47 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 4 analysts have a -0.46 EPS mean target and for the quarter ending Sep-17 there are 4 estimates of -1.60 EPS. The company has a 50 day moving average price of $4.70 and a 200-day moving average price of $6.68. Howard Hughes Medical Institute now owns 18,321 shares of the company's stock worth $100,000 after buying an additional 1,415 shares in the last quarter. Analysts had expected a loss of 49 cents per share. Heading into the close, Quorum (Ticker: QHC) was changing hands at $3.13, down 20 percent on the day and cutting the company's market capitalization to about $90 million. Blackrock Inc. owns $11.22 million in Quorum Health Corporation, which represents roughly 12.49% of the company's market cap and approximately 11.56% of the institutional ownership.

A 52-week high/low is the highest and lowest price that a stock has traded at during the previous year. Seven analysts have rated the stock with a hold rating.

Separately, Deutsche Bank AG initiated coverage on shares of Quorum Health Corp in a report on Tuesday, April 4th.

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Several hedge funds have recently bought and sold shares of QHC. The company had a trading volume of 616,014 shares. Finally, Alambic Investment Management L.P. boosted its position in shares of Quorum Health Corp by 145.5% in the first quarter. If you are accessing this story on another site, it was copied illegally and reposted in violation of USA and worldwide copyright & trademark law. Thrivent Financial for Lutherans now owns 15,910 shares of the company's stock valued at $116,000 after buying an additional 960 shares in the last quarter. They set a "hold" rating and a $5.00 price target on the stock. Thrivent Financial for Lutherans boosted its position in Quorum Health Corp by 6.4% in the fourth quarter. Two Sigma Investments LP bought a new position in Quorum Health Corp during the fourth quarter worth approximately $375,000.

Quorum Health Corporation (QHC) has a 52-week high of $3.52 and a 52-week low of $3.75. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/05/17/quorum-health-corp-qhc-releases-earnings-results-misses-expectations-by-0-36-eps.html. Comerica Bank increased its stake in Quorum Health Corp by 5.1% in the fourth quarter.

Quorum Health Corporation (NYSE:QHC) reported $162.9 million in Adjusted EBITDA for the 2016 financial year compared to the 263.7 million that was reported in the 2015 financial year.

Its main business focus is providing general hospital healthcare, but also provides additional outpatient services at urgent care centers, imaging centers and surgery centers.

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