Nobilis Health Corp (HLTH) Sees Significant Decline in Short Interest
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 4,481,161 shares, a drop of 2.9% from the August 15th total of 4,616,543 shares. Approximately 8.0% of the shares of the company are short sold. Based on an average daily trading volume, of 394,296 shares, the days-to-cover ratio is currently 11.4 days.
Shares of Nobilis Health Corp (NYSE:HLTH) opened at 1.45 on Wednesday. Nobilis Health Corp has a 12 month low of $1.10 and a 12 month high of $3.65. The stock has a 50 day moving average of $1.54 and a 200 day moving average of $1.61. The firm has a market cap of $112.82 million and a price-to-earnings ratio of 20.42.
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) last posted its quarterly earnings results on Wednesday, August 2nd. The healthcare company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The company had revenue of $79.96 million for the quarter, compared to analyst estimates of $69.89 million. On average, equities research analysts expect that Nobilis Health Corp will post $0.14 EPS for the current fiscal year.
HLTH has been the topic of several analyst reports. Zacks Investment Research lowered shares of Nobilis Health Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 20th. 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 price target on the stock. One equities research 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 a consensus rating of “Hold” and an average price target of $2.70.
Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of Nobilis Health Corp by 3.0% during the 1st quarter. Russell Investments Group Ltd. now owns 1,048,111 shares of the healthcare company’s stock worth $1,782,000 after purchasing an additional 30,380 shares during the period. Teachers Advisors LLC grew its stake in shares of Nobilis Health Corp by 12.9% during the 4th quarter. Teachers Advisors LLC now owns 97,421 shares of the healthcare company’s stock worth $205,000 after purchasing an additional 11,112 shares during the period. Thrivent Financial For Lutherans acquired a new position in shares of Nobilis Health Corp during the 1st quarter worth $664,000. Globeflex Capital L P grew its stake in shares of Nobilis Health Corp by 46.8% during the 1st quarter. Globeflex Capital L P now owns 135,292 shares of the healthcare company’s stock worth $230,000 after purchasing an additional 43,100 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Nobilis Health Corp by 346.8% during the 1st quarter. SG Americas Securities LLC now owns 64,181 shares of the healthcare company’s stock worth $109,000 after purchasing an additional 49,817 shares during the period.
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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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