The stock of Quorum Health Corp (NYSE:QHC) is a huge mover today! About 190,890 shares traded hands. Quorum Health Corp (NYSE:QHC) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
The move comes after 9 months positive chart setup for the $208.94 million company. It was reported on Nov, 15 by Barchart.com. We have $15.25 PT which if reached, will make NYSE:QHC worth $305.05M more.
Quorum Health Corp (NYSE:QHC) Ratings Coverage
Out of 7 analysts covering Quorum Health (NYSE:QHC), 0 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 0 are positive. Quorum Health has been the topic of 9 analyst reports since May 16, 2016 according to StockzIntelligence Inc. Morgan Stanley initiated Quorum Health Corp (NYSE:QHC) on Monday, May 16 with “Equal-Weight” rating. The stock has “Market Perform” rating given by Avondale on Monday, May 23. On Wednesday, June 8 the stock rating was initiated by Susquehanna with “Neutral”. UBS initiated Quorum Health Corp (NYSE:QHC) on Friday, June 10 with “Neutral” rating. The stock has “Neutral” rating given by Mizuho on Monday, June 20. The rating was downgraded by UBS on Thursday, August 11 to “Sell”. The firm earned “Sector Perform” rating on Friday, August 12 by RBC Capital Markets. Mizuho maintained Quorum Health Corp (NYSE:QHC) rating on Monday, August 15. Mizuho has “Neutral” rating and $5.75 price target. The firm earned “Neutral” rating on Friday, July 29 by Credit Suisse.
According to Zacks Investment Research, “Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services primarily in the United States. The company own or lease a diversified portfolio of hospitals. It also operates Quorum Health Resources, LLC, a hospital management advisory and consulting services business. Quorum Health Corporation is headquartered in Tennessee.”
More notable recent Quorum Health Corp (NYSE:QHC) news were published by: Marketwatch.com which released: “Quorum Health Corp.” on May 02, 2016, also Bizjournals.com with their article: “What’s next for CHS spinout Quorum Health Corporation?” published on August 19, 2016, Businesswire.com published: “Community Health Systems Completes Spin-off of Quorum Health Corporation” on April 29, 2016. More interesting news about Quorum Health Corp (NYSE:QHC) were released by: Businesswire.com and their article: “Quorum Health Corporation Announces Second Quarter 2016 Operating Results and …” published on August 10, 2016 as well as Prnewswire.com‘s news article titled: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Quorum Health …” with publication date: September 16, 2016.
QHC Company Profile
Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Firm operates in two divisions: 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. The Company’s hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery and rehabilitation services. On April 1, 2016, Community Health Systems, Inc. announced that its board of directors has approved the distribution to its stockholders of 100% of the common stock of a new, independent publicly traded company, Quorum Health Corporation.
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