Nobilis Health Corp (HLTH) Sees Significant Increase in Short Interest
Nobilis Health Corp (NYSE:HLTH) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 7,134,781 shares, a growth of 3.0% from the September 15th total of 6,926,285 shares. Based on an average trading volume of 235,145 shares, the short-interest ratio is currently 30.3 days. Approximately 13.7% of the shares of the company are sold short.
Several analysts have weighed in on the company. Zacks Investment Research downgraded Nobilis Health Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Canaccord Genuity set a $4.80 price objective on Nobilis Health Corp and gave the stock a “buy” rating in a research note on Monday, September 19th.
Several large investors have recently added to or reduced their stakes in HLTH. AQR Capital Management LLC raised its stake in Nobilis Health Corp by 146.9% in the second quarter. AQR Capital Management LLC now owns 195,494 shares of the company’s stock valued at $436,000 after buying an additional 116,303 shares in the last quarter. Rhumbline Advisers raised its stake in Nobilis Health Corp by 88.6% in the second quarter. Rhumbline Advisers now owns 44,997 shares of the company’s stock valued at $100,000 after buying an additional 21,135 shares in the last quarter. Teachers Advisors Inc. raised its stake in Nobilis Health Corp by 43.2% in the second quarter. Teachers Advisors Inc. now owns 86,309 shares of the company’s stock valued at $192,000 after buying an additional 26,017 shares in the last quarter. Globeflex Capital L P bought a new stake in Nobilis Health Corp during the second quarter valued at $774,000. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Nobilis Health Corp by 112.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 472,856 shares of the company’s stock valued at $1,054,000 after buying an additional 250,311 shares in the last quarter.
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Nobilis Health Corp (NYSE:HLTH) traded down 0.57% during mid-day trading on Tuesday, hitting $3.48. The stock had a trading volume of 146,285 shares. Nobilis Health Corp has a 1-year low of $1.82 and a 1-year high of $4.66. The stock has a 50 day moving average of $3.42 and a 200-day moving average of $3.14. The firm has a market cap of $267.20 million and a P/E ratio of 5.11.
Nobilis Health Corp (NYSE:HLTH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The firm had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.18 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. Analysts predict that Nobilis Health Corp will post $0.37 EPS for the current fiscal year.
Nobilis Health Corp Company Profile
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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