Zacks Investment Research Downgrades Nobilis Health (HLTH) to Hold
Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Nobilis Health Corp. own and manage ambulatory and acute care facilities for healthcare services. In addition, it owns and manages ambulatory surgery centers, acute care hospital, imaging centers and urgent care clinic. The company operates primarily in Houston, Dallas and Scottsdale, Arizona. Nobilis Health Corp. is headquartered in Houston, Texas. “
Shares of Nobilis Health (NYSEAMERICAN:HLTH) traded down $0.10 on Friday, hitting $1.35. 784,869 shares of the company’s stock traded hands, compared to its average volume of 407,389. Nobilis Health has a one year low of $1.10 and a one year high of $2.55. The firm has a market capitalization of $105.04, a PE ratio of 11.25 and a beta of -0.82.
Several institutional investors and hedge funds have recently made changes to their positions in HLTH. Russell Investments Group Ltd. boosted its holdings in shares of Nobilis Health by 2,832.2% in the third quarter. Russell Investments Group Ltd. now owns 734,251 shares of the healthcare company’s stock worth $1,100,000 after buying an additional 709,210 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Nobilis Health by 404.8% in the second quarter. Goldman Sachs Group Inc. now owns 694,871 shares of the healthcare company’s stock worth $1,320,000 after purchasing an additional 557,230 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Nobilis Health in the third quarter worth approximately $748,000. National Investment Services Inc. WI lifted its position in shares of Nobilis Health by 132.3% in the fourth quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock worth $403,000 after purchasing an additional 169,955 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its position in shares of Nobilis Health by 130.2% in the second quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock worth $316,000 after purchasing an additional 94,154 shares in the last quarter.
About Nobilis Health
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nobilis Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nobilis Health and related companies with MarketBeat.com's FREE daily email newsletter.