Share Purchaseback Plan Announced by Nobilis Health Corp (HLTH)

Share Purchaseback Plan Announced by Nobilis Health Corp (HLTH)

Nobilis Health Corp (NYSE:HLTH) (TSE:NHC) declared that its Board of Directors has approved a share repurchase program, which allows the company to buyback 4,000,000 shares on Tuesday, May 2nd, EventVestor reports. This buyback authorization allows the healthcare company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have commented on HLTH. Zacks Investment Research upgraded shares of Nobilis Health Corp from a “hold” rating to a “strong-buy” rating and set a $1.50 price target for the company in a research note on Monday, May 22nd. Benchmark Co. began coverage on shares of Nobilis Health Corp in a research note on Friday, May 19th. They set a “buy” rating and a $2.50 price target for the company. Finally, Pi Financial cut shares of Nobilis Health Corp from a “buy” rating to a “neutral” rating in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $2.70.

Nobilis Health Corp (NYSE HLTH) traded up 5.26% on Friday, hitting $2.00. 2,231,970 shares of the stock were exchanged. The company has a market capitalization of $155.61 million and a PE ratio of 17.24. Nobilis Health Corp has a 1-year low of $1.10 and a 1-year high of $3.86. The company has a 50-day moving average price of $1.36 and a 200 day moving average price of $1.92.

Nobilis Health Corp (NYSE:HLTH) last issued its quarterly earnings results on Tuesday, May 2nd. The healthcare company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.08. The firm had revenue of $68.30 million for the quarter, compared to the consensus estimate of $56.30 million. Analysts anticipate that Nobilis Health Corp will post $0.14 EPS for the current fiscal year.

In other news, CEO Harry Joseph Fleming purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was bought at an average price of $1.75 per share, with a total value of $43,750.00. Following the acquisition, the chief executive officer now owns 2,777,955 shares in the company, valued at approximately $4,861,421.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 88,500 shares of company stock valued at $148,450.

Nobilis Health Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HLTH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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