Nobilis Health Corp (HLTH) Sees Significant Decline in Short Interest
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) saw a significant decrease in short interest during the month of September. As of September 29th, there was short interest totalling 3,583,375 shares, a decrease of 18.9% from the September 15th total of 4,418,746 shares. Based on an average daily volume of 176,877 shares, the short-interest ratio is currently 20.3 days. Approximately 6.4% of the company’s stock are sold short.
Separately, Zacks Investment Research lowered shares of Nobilis Health Corp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Nobilis Health Corp presently has a consensus rating of “Hold” and an average target price of $2.25.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sii Investments Inc. WI acquired a new position in shares of Nobilis Health Corp in the 2nd quarter valued at approximately $113,000. SG Americas Securities LLC raised its position in shares of Nobilis Health Corp by 346.8% in the 1st quarter. SG Americas Securities LLC now owns 64,181 shares of the healthcare company’s stock valued at $109,000 after purchasing an additional 49,817 shares in the last quarter. HRT Financial LLC acquired a new position in shares of Nobilis Health Corp in the 2nd quarter valued at approximately $129,000. OxFORD Asset Management LLP acquired a new position in shares of Nobilis Health Corp in the 2nd quarter valued at approximately $145,000. Finally, Synovus Financial Corp raised its position in shares of Nobilis Health Corp by 87.7% in the 2nd quarter. Synovus Financial Corp now owns 91,514 shares of the healthcare company’s stock valued at $177,000 after purchasing an additional 42,748 shares in the last quarter.
Nobilis Health Corp (NYSE:HLTH) opened at 1.45 on Wednesday. The firm has a 50-day moving average of $1.46 and a 200 day moving average of $1.55. The stock has a market capitalization of $112.82 million and a price-to-earnings ratio of 20.42. Nobilis Health Corp has a 52 week low of $1.10 and a 52 week high of $3.65.
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) last announced its earnings results on Wednesday, August 2nd. The healthcare company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ 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, analysts anticipate that Nobilis Health Corp will post $0.14 EPS for the current 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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