Verition Fund Management LLC acquired a new stake in shares of HCA Holdings, Inc. (NYSE:HCA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,920 shares of the company’s stock, valued at approximately $516,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BB&T Investment Services Inc. purchased a new stake in HCA Holdings during the second quarter valued at about $141,000. Nomura Holdings Inc. lifted its holdings in HCA Holdings by 222.6% during the second quarter. Nomura Holdings Inc. now owns 21,807 shares of the company’s stock valued at $1,902,000 after purchasing an additional 39,599 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in HCA Holdings by 4.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 43,962 shares of the company’s stock valued at $3,833,000 after purchasing an additional 1,915 shares during the last quarter. Argent Capital Management LLC lifted its holdings in shares of HCA Holdings by 1.2% in the second quarter. Argent Capital Management LLC now owns 4,370 shares of the company’s stock worth $381,000 after buying an additional 50 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of HCA Holdings by 25.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,887,684 shares of the company’s stock worth $251,806,000 after buying an additional 580,084 shares in the last quarter. 73.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of HCA Holdings, Inc. (HCA) traded down 0.29% during trading on Friday, reaching $76.67. The company’s stock had a trading volume of 2,899,665 shares. The company has a 50-day moving average price of $77.78 and a 200-day moving average price of $81.66. HCA Holdings, Inc. has a one year low of $67.00 and a one year high of $91.03. The stock has a market cap of $27.70 billion, a price-to-earnings ratio of 10.28 and a beta of 0.62.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. On average, equities research analysts forecast that HCA Holdings, Inc. will post $6.76 earnings per share for the current fiscal year.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $79.87, for a total value of $171,720.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 6,450 shares of company stock valued at $511,163 over the last 90 days. 2.90% of the stock is currently owned by company insiders.
HCA has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of HCA Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. KeyCorp reissued a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a report on Thursday, September 7th. Zacks Investment Research downgraded shares of HCA Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BidaskClub downgraded shares of HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Finally, Bank of America Corporation cut shares of HCA Holdings from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $102.00 to $92.00 in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. HCA Holdings currently has a consensus rating of “Buy” and a consensus target price of $91.25.
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HCA Holdings Profile
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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