Shares of Nobilis Health Corp (NYSEAMERICAN:HLTH) (TSE:NHC) rose 6.9% on Wednesday . The stock traded as high as $1.55 and last traded at $1.55. Approximately 815,876 shares were traded during trading, an increase of 149% from the average daily volume of 328,013 shares. The stock had previously closed at $1.45.
Separately, Zacks Investment Research raised Nobilis Health from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a research note on Saturday, December 30th.
The firm has a market capitalization of $113.37, a P/E ratio of 12.08 and a beta of -0.34.
Nobilis Health (NYSEAMERICAN:HLTH) (TSE:NHC) last posted its quarterly earnings data on Thursday, March 8th. The healthcare company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $86.80 million during the quarter.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of Nobilis Health by 15.3% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 1,109,530 shares of the healthcare company’s stock worth $1,498,000 after acquiring an additional 147,550 shares during the last quarter. Russell Investments Group Ltd. grew 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 worth $1,100,000 after acquiring an additional 709,210 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Nobilis Health in the 3rd quarter worth $748,000. Finally, National Investment Services Inc. WI grew 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 worth $403,000 after acquiring an additional 169,955 shares during 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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