Zacks Investment Research Downgrades Nobilis Health (NYSEAMERICAN:HLTH) to Hold

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday, January 3rd.

According to Zacks, “Nobilis Health Corp. own and manage ambulatory and acute care facilities for healthcare services. In addition, it owns and manages ambulatory surgery centers, acute care hospital, imaging centers and urgent care clinic. The company operates primarily in Houston, Dallas and Scottsdale, Arizona. Nobilis Health Corp. is headquartered in Houston, Texas. “

Nobilis Health (HLTH) traded up $0.10 during mid-day trading on Wednesday, reaching $1.45. The company had a trading volume of 880,226 shares, compared to its average volume of 360,216. Nobilis Health has a fifty-two week low of $1.10 and a fifty-two week high of $2.60. The firm has a market capitalization of $105.04, a P/E ratio of 12.08 and a beta of -0.82.

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last released its earnings results on Monday, November 6th. The healthcare company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $64.70 million during the quarter, compared to analyst estimates of $78.29 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp boosted its holdings in Nobilis Health by 87.7% during the second quarter. Synovus Financial Corp now owns 91,514 shares of the healthcare company’s stock valued at $177,000 after purchasing an additional 42,748 shares in the last quarter. Sii Investments Inc. WI acquired a new stake in Nobilis Health during the second quarter valued at approximately $113,000. OxFORD Asset Management LLP acquired a new stake in Nobilis Health during the second quarter valued at approximately $145,000. Virtu KCG Holdings LLC boosted its holdings in Nobilis Health by 130.2% during the second quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock valued at $316,000 after purchasing an additional 94,154 shares in the last quarter. Finally, National Investment Services Inc. WI boosted its holdings in Nobilis Health by 132.3% during the fourth quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock valued at $403,000 after purchasing an additional 169,955 shares in the last quarter.

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About Nobilis Health

Nobilis Health Corp. (Nobilis) owns and manages healthcare facilities in the States of Texas and Arizona, consisting primarily of ambulatory surgery centers (ASCs) and acute-care and surgical hospitals. The Company’s segments include Medical Services, Marketing Services and Corporate. The Medical Services segment owns and manages approximately nine healthcare facilities in Texas and Arizona; over four hospitals, and approximately five ambulatory surgery centers.

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