HCA Holdings, Inc. (NYSE:HCA) was downgraded by UBS AG from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, October 18th, The Fly reports.
Other analysts have also recently issued research reports about the company. BidaskClub cut HCA Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research cut HCA Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Bank of America Corporation cut HCA Holdings from a “buy” rating to a “neutral” rating and cut their target price for the stock from $102.00 to $92.00 in a research report on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and set a $88.00 price target (down from $90.00) on shares of HCA Holdings in a research note on Wednesday, July 26th. Finally, Citigroup Inc. dropped their price target on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. HCA Holdings presently has an average rating of “Buy” and a consensus target price of $91.25.
HCA Holdings (HCA) traded down 0.29% on Wednesday, reaching $76.67. 2,897,753 shares of the company traded hands. HCA Holdings has a one year low of $67.00 and a one year high of $91.03. The stock has a market capitalization of $27.70 billion, a PE ratio of 10.28 and a beta of 0.62. The firm has a 50 day moving average of $77.78 and a 200-day moving average of $81.66.
HCA Holdings (NYSE:HCA) last released its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts anticipate that HCA Holdings will post $6.76 EPS for the current year.
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In other news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total value of $171,742.00. Following the sale, the insider now directly owns 12,363 shares in the company, valued at $987,556.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 6,450 shares of company stock worth $511,163. Company insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HCA. BlackRock Inc. raised its holdings in shares of HCA Holdings by 2,549.4% in the first quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock worth $1,788,682,000 after buying an additional 19,341,168 shares during the period. APG Asset Management N.V. raised its holdings in shares of HCA Holdings by 141.4% in the third quarter. APG Asset Management N.V. now owns 3,423,381 shares of the company’s stock worth $272,467,000 after buying an additional 2,005,193 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of HCA Holdings by 1,500.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,579,382 shares of the company’s stock worth $125,703,000 after buying an additional 1,480,690 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of HCA Holdings by 9,568.4% in the second quarter. Harbour Capital Advisors LLC now owns 915,600 shares of the company’s stock worth $10,500,000 after buying an additional 906,130 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in shares of HCA Holdings by 1,229.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock worth $59,753,000 after buying an additional 717,551 shares during the period. Hedge funds and other institutional investors own 73.72% of the company’s stock.
About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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