Nobilis Health Corp (NYSEAMERICAN:HLTH) (TSE:NHC) saw a significant increase in short interest in December. As of December 29th, there was short interest totalling 1,707,521 shares, an increase of 3.0% from the December 15th total of 1,657,924 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 562,255 shares, the short-interest ratio is currently 3.0 days.
Shares of Nobilis Health (NYSEAMERICAN:HLTH) opened at $1.35 on Monday. Nobilis Health has a 1-year low of $1.10 and a 1-year high of $2.40. The company has a market cap of $106.98, a price-to-earnings ratio of 11.25 and a beta of -0.82.
Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last released its quarterly earnings results on Monday, November 6th. The healthcare company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $78.29 million. The firm’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS.
Separately, Zacks Investment Research raised shares of Nobilis Health from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Saturday, December 30th.
Institutional investors have recently bought and sold shares of the company. Sii Investments Inc. WI purchased a new stake in shares of Nobilis Health in the 2nd quarter valued at approximately $113,000. OxFORD Asset Management LLP purchased a new position in shares of Nobilis Health during the 2nd quarter worth approximately $145,000. Virtu KCG Holdings LLC boosted its position in shares of Nobilis Health by 130.2% during the 2nd quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock worth $316,000 after purchasing an additional 94,154 shares during the period. National Investment Services Inc. WI boosted its position in shares of Nobilis Health by 132.3% during the 4th quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock worth $403,000 after purchasing an additional 169,955 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Nobilis Health in the 3rd quarter valued at approximately $748,000.
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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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