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 note issued to investors on Wednesday.

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. “

Nobilis Health (NYSEAMERICAN:HLTH) traded up $0.05 during mid-day trading on Wednesday, hitting $1.50. The stock had a trading volume of 344,013 shares, compared to its average volume of 434,735. The company has a market cap of $112.82, a P/E ratio of 12.50 and a beta of -0.82. Nobilis Health has a 12 month low of $1.10 and a 12 month high of $2.40.

Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last posted its quarterly earnings results on Monday, November 6th. The healthcare company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $64.70 million during the quarter, compared to the consensus estimate of $78.29 million. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Nobilis Health by 2,832.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 734,251 shares of the healthcare company’s stock valued at $1,100,000 after acquiring an additional 709,210 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Nobilis Health by 404.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 694,871 shares of the healthcare company’s stock valued at $1,320,000 after acquiring an additional 557,230 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Nobilis Health in the 3rd quarter valued at about $748,000. National Investment Services Inc. WI raised its holdings in shares of Nobilis Health by 132.3% in the 4th quarter. National Investment Services Inc. WI now owns 298,381 shares of the healthcare company’s stock valued at $403,000 after acquiring an additional 169,955 shares in the last quarter. Finally, Virtu KCG Holdings LLC raised its holdings in shares of Nobilis Health by 130.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 166,452 shares of the healthcare company’s stock valued at $316,000 after acquiring an additional 94,154 shares in the last quarter.

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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.

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