Trade Report: Today, Nobilis Health Corp (HLTH) Sees Large Decline in Short Interest

Today, Nobilis Health Corp (HLTH) Sees Large Decline in Short Interest

Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 7,226,639 shares, a drop of 4.0% from the October 31st total of 7,530,392 shares. Based on an average daily trading volume, of 523,887 shares, the days-to-cover ratio is presently 13.8 days. Currently, 13.8% of the company’s shares are sold short.

Nobilis Health Corp (NYSE:HLTH) opened at 2.50 on Friday. Nobilis Health Corp has a 52 week low of $1.82 and a 52 week high of $4.66. The company has a market capitalization of $192.19 million and a PE ratio of 4.51. The stock’s 50 day moving average price is $2.98 and its 200-day moving average price is $2.93.

Nobilis Health Corp (NYSE:HLTH) last released its earnings results on Monday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.11. The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $65.75 million. During the same quarter last year, the business posted $0.14 EPS. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. On average, equities research analysts predict that Nobilis Health Corp will post $0.26 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the company. TheStreet cut Nobilis Health Corp from a “hold” rating to a “sell” rating in a research note on Monday, November 14th. Zacks Investment Research cut Nobilis Health Corp from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. Finally, Canaccord Genuity set a $4.80 price objective on Nobilis Health Corp and gave the company a “buy” rating in a research note on Monday, September 19th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in Nobilis Health Corp by 0.7% in the third quarter. California State Teachers Retirement System now owns 117,138 shares of the company’s stock worth $392,000 after buying an additional 800 shares during the period. BlackRock Inc. boosted its position in Nobilis Health Corp by 3.3% in the third quarter. BlackRock Inc. now owns 32,953 shares of the company’s stock worth $110,000 after buying an additional 1,042 shares during the period. Bank of New York Mellon Corp boosted its position in Nobilis Health Corp by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 113,580 shares of the company’s stock worth $381,000 after buying an additional 2,132 shares during the period. Rhumbline Advisers boosted its position in Nobilis Health Corp by 10.7% in the third quarter. Rhumbline Advisers now owns 49,797 shares of the company’s stock worth $167,000 after buying an additional 4,800 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Nobilis Health Corp by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 486,181 shares of the company’s stock worth $1,629,000 after buying an additional 13,325 shares during the period.

Nobilis Health Corp Company Profile

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