Alliance HealthCare Services Inc. (AIQ) Stock Rating Upgraded by TheStreet
Alliance HealthCare Services Inc. (NASDAQ:AIQ) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a research note issued on Friday.
Alliance HealthCare Services (NASDAQ:AIQ) traded down 1.38% during trading on Friday, reaching $7.13. The company’s stock had a trading volume of 6,554 shares. The firm has a market cap of $75.42 million, a PE ratio of 9.37 and a beta of 0.86. Alliance HealthCare Services has a one year low of $5.73 and a one year high of $10.79. The company has a 50-day moving average of $6.52 and a 200 day moving average of $6.59.
Alliance HealthCare Services (NASDAQ:AIQ) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter. Alliance HealthCare Services had a net margin of 1.66% and a negative return on equity of 18.72%. The business earned $125.30 million during the quarter, compared to analyst estimates of $118.50 million. Analysts expect that Alliance HealthCare Services will post ($0.06) EPS for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/09/alliance-healthcare-services-inc-aiq-stock-rating-upgraded-by-thestreet.html
Institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of Alliance HealthCare Services by 0.3% in the first quarter. State Street Corp now owns 98,367 shares of the company’s stock valued at $707,000 after buying an additional 334 shares during the period. Bank of Montreal Can purchased a new position in shares of Alliance HealthCare Services during the second quarter valued at approximately $198,000. Vanguard Group Inc. increased its position in shares of Alliance HealthCare Services by 10.9% in the second quarter. Vanguard Group Inc. now owns 336,764 shares of the company’s stock valued at $2,101,000 after buying an additional 33,163 shares during the period. Spark Investment Management LLC increased its position in shares of Alliance HealthCare Services by 85.4% in the second quarter. Spark Investment Management LLC now owns 19,100 shares of the company’s stock valued at $119,000 after buying an additional 8,800 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Alliance HealthCare Services during the second quarter valued at approximately $129,000. 26.01% of the stock is owned by hedge funds and other institutional investors.
About Alliance HealthCare Services
Alliance HealthCare Services, Inc (Alliance) is a provider of outsourced healthcare services to hospitals and providers. The Company operates through three segments: Radiology Division, Oncology Division and Interventional Healthcare Services Division. The radiology segment comprises diagnostic imaging services, including magnetic resonance imaging (MRI), positron emission tomography/computed tomography (PET/CT) and other imaging services.
Receive News & Ratings for Alliance HealthCare Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance HealthCare Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.