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 research report issued to clients and investors 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 down $0.02 during midday trading on Wednesday, hitting $1.38. 188,300 shares of the stock traded hands, compared to its average volume of 358,958. The firm has a market capitalization of $112.82, a price-to-earnings ratio of 11.50 and a beta of -0.82. Nobilis Health has a 12 month low of $1.10 and a 12 month high of $2.40.

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last issued its quarterly 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 for the quarter, compared to analyst estimates of $78.29 million. Nobilis Health’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of HLTH. Sii Investments Inc. WI bought a new stake in Nobilis Health in the 2nd quarter valued at $113,000. OxFORD Asset Management LLP bought a new stake in Nobilis Health in the 2nd quarter valued at $145,000. Synovus Financial Corp lifted its position in Nobilis Health by 87.7% in the 2nd quarter. Synovus Financial Corp now owns 91,514 shares of the healthcare company’s stock valued at $177,000 after acquiring an additional 42,748 shares in the last quarter. Virtu KCG Holdings LLC increased its stake in Nobilis Health by 130.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock valued at $316,000 after buying an additional 94,154 shares during the last quarter. Finally, National Investment Services Inc. WI increased its stake in Nobilis Health by 132.3% in the 4th quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock valued at $403,000 after buying an additional 169,955 shares during 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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