Nobilis Health Corp (HLTH) Sees Large Decline in Short Interest
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) was the target of a large decrease in short interest in October. As of October 13th, there was short interest totalling 3,486,276 shares, a decrease of 2.7% from the September 29th total of 3,583,375 shares. Currently, 6.2% of the company’s shares are short sold. Based on an average trading volume of 184,073 shares, the days-to-cover ratio is currently 18.9 days.
Nobilis Health Corp (HLTH) opened at 1.35 on Wednesday. The company has a 50-day moving average of $1.45 and a 200-day moving average of $1.54. The firm has a market capitalization of $105.04 million and a price-to-earnings ratio of 19.01. Nobilis Health Corp has a 1-year low of $1.10 and a 1-year high of $3.65.
Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) last announced its quarterly earnings data on Wednesday, August 2nd. The healthcare company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $79.96 million during the quarter, compared to the consensus estimate of $69.89 million. On average, equities analysts predict that Nobilis Health Corp will post $0.14 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Nobilis Health Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Nobilis Health Corp presently has an average rating of “Hold” and an average target price of $2.25.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Nobilis Health Corp by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 161,086 shares of the healthcare company’s stock worth $274,000 after acquiring an additional 4,672 shares in the last quarter. Winslow Asset Management Inc. raised its position in Nobilis Health Corp by 4.9% during the second quarter. Winslow Asset Management Inc. now owns 799,070 shares of the healthcare company’s stock worth $1,518,000 after acquiring an additional 37,647 shares in the last quarter. Synovus Financial Corp raised its position in Nobilis Health Corp by 87.7% during the second quarter. Synovus Financial Corp now owns 91,514 shares of the healthcare company’s stock worth $177,000 after acquiring an additional 42,748 shares in the last quarter. SG Americas Securities LLC raised its position in Nobilis Health Corp by 346.8% during the first quarter. SG Americas Securities LLC now owns 64,181 shares of the healthcare company’s stock worth $109,000 after acquiring an additional 49,817 shares in the last quarter. Finally, Sii Investments Inc. WI bought a new stake in Nobilis Health Corp during the second quarter worth $113,000.
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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