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 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) opened at $1.35 on Friday. The stock has a market capitalization of $112.82, a P/E ratio of 11.25 and a beta of -0.82. Nobilis Health has a 12-month low of $1.10 and a 12-month high of $2.55.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sii Investments Inc. WI bought a new stake in shares of Nobilis Health in the second quarter valued at approximately $113,000. OxFORD Asset Management LLP bought a new stake in shares of Nobilis Health in the second quarter valued at approximately $145,000. Virtu KCG Holdings LLC boosted 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 valued at $316,000 after acquiring an additional 94,154 shares during the period. National Investment Services Inc. WI boosted 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 valued at $403,000 after acquiring an additional 169,955 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Nobilis Health in the third quarter valued at approximately $748,000.

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Nobilis Health 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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