Short Interest in Nobilis Health Corp (NYSE:HLTH) Declines By 7.7%
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 4,530,507 shares, a decline of 7.7% from the July 14th total of 4,909,696 shares. Currently, 8.1% of the shares of the company are short sold. Based on an average daily trading volume, of 615,277 shares, the days-to-cover ratio is presently 7.4 days.
Several large investors have recently modified their holdings of HLTH. State Street Corp boosted its stake in shares of Nobilis Health Corp by 8.0% in the fourth quarter. State Street Corp now owns 821,992 shares of the healthcare company’s stock worth $1,727,000 after buying an additional 61,191 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Nobilis Health Corp by 12.9% in the fourth quarter. Teachers Advisors LLC now owns 97,421 shares of the healthcare company’s stock worth $205,000 after buying an additional 11,112 shares during the last quarter. Winslow Asset Management Inc. boosted its stake in shares of Nobilis Health Corp by 1.6% in the first quarter. Winslow Asset Management Inc. now owns 761,423 shares of the healthcare company’s stock worth $1,294,000 after buying an additional 11,964 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Nobilis Health Corp by 3.0% in the first quarter. Russell Investments Group Ltd. now owns 1,048,111 shares of the healthcare company’s stock worth $1,782,000 after buying an additional 30,380 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in shares of Nobilis Health Corp during the first quarter worth approximately $4,014,000.
HLTH has been the subject of several recent research reports. Benchmark Co. initiated coverage on shares of Nobilis Health Corp in a research report on Friday, May 19th. They set a “buy” rating and a $2.50 target price for the company. Zacks Investment Research upgraded shares of Nobilis Health Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.70.
Shares of Nobilis Health Corp (NYSE HLTH) opened at 1.55 on Thursday. The company has a market capitalization of $120.60 million and a price-to-earnings ratio of 13.36. Nobilis Health Corp has a 12 month low of $1.10 and a 12 month high of $3.86. The company’s 50-day moving average is $1.73 and its 200 day moving average is $1.74.
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) last issued its quarterly earnings results on Wednesday, August 2nd. The healthcare company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $79.96 million during the quarter, compared to analyst estimates of $69.89 million. On average, equities research analysts anticipate that Nobilis Health Corp will post $0.14 earnings per share for the current year.
Nobilis Health Corp declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 2nd that allows the company to repurchase 4,000,000 outstanding shares. This repurchase authorization allows the healthcare company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
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About Nobilis Health Corp
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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