Wolverine Asset Management LLC Has $560,000 Position in Quorum Health Corp (QHC)

Wolverine Asset Management LLC grew its position in Quorum Health Corp (NYSE:QHC) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,903 shares of the company’s stock after buying an additional 20,602 shares during the quarter. Wolverine Asset Management LLC owned 0.30% of Quorum Health worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QHC. Trustcore Financial Services LLC acquired a new stake in shares of Quorum Health in the fourth quarter valued at $169,000. Wells Fargo & Company MN grew its stake in shares of Quorum Health by 151.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,996 shares of the company’s stock valued at $175,000 after buying an additional 16,849 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Quorum Health by 150.5% in the fourth quarter. Citadel Advisors LLC now owns 31,933 shares of the company’s stock valued at $199,000 after buying an additional 19,183 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Quorum Health in the fourth quarter valued at $238,000. Finally, Arizona State Retirement System grew its stake in shares of Quorum Health by 224.6% in the fourth quarter. Arizona State Retirement System now owns 47,719 shares of the company’s stock valued at $298,000 after buying an additional 33,019 shares in the last quarter. 86.92% of the stock is owned by institutional investors and hedge funds.

QHC has been the subject of a number of research reports. ValuEngine raised Quorum Health from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley raised Quorum Health from an “underweight” rating to an “equal weight” rating and set a $3.00 price objective for the company in a research note on Wednesday, December 20th. Finally, Zacks Investment Research cut Quorum Health from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Quorum Health has a consensus rating of “Hold” and a consensus price target of $4.05.

QHC opened at $9.80 on Friday. Quorum Health Corp has a 12 month low of $2.54 and a 12 month high of $9.95. The firm has a market cap of $281.15, a P/E ratio of -7.54 and a beta of 1.61. The company has a quick ratio of 1.47, a current ratio of 1.62 and a debt-to-equity ratio of 10.69.

Quorum Health (NYSE:QHC) last released its earnings results on Thursday, March 15th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Quorum Health had a negative return on equity of 34.01% and a negative net margin of 5.51%. The firm had revenue of $515.10 million during the quarter, compared to analysts’ expectations of $502.75 million. During the same period in the previous year, the firm posted ($1.02) EPS. Quorum Health’s revenue for the quarter was up .0% on a year-over-year basis. research analysts forecast that Quorum Health Corp will post -0.77 EPS for the current fiscal year.

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About Quorum Health

Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Company operates in two segments: 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).

Institutional Ownership by Quarter for Quorum Health (NYSE:QHC)

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