State Treasurer State of Michigan reduced its position in shares of HCA Holdings, Inc. (NYSE:HCA) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,720 shares of the company’s stock after selling 6,300 shares during the period. State Treasurer State of Michigan’s holdings in HCA Holdings were worth $6,982,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Gotham Asset Management LLC grew its position in shares of HCA Holdings by 178.5% in the first quarter. Gotham Asset Management LLC now owns 325,689 shares of the company’s stock valued at $28,983,000 after purchasing an additional 208,745 shares in the last quarter. Accident Compensation Corp grew its position in shares of HCA Holdings by 4.8% in the second quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock valued at $3,819,000 after purchasing an additional 2,000 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in shares of HCA Holdings in the second quarter valued at approximately $3,823,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of HCA Holdings by 33.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,470 shares of the company’s stock valued at $665,000 after purchasing an additional 1,870 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position 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 valued at $59,753,000 after purchasing an additional 717,551 shares in the last quarter. Institutional investors and hedge funds own 75.18% of the company’s stock.
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Shares of HCA Holdings, Inc. (HCA) traded down $0.73 during midday trading on Friday, hitting $78.68. The stock had a trading volume of 1,804,600 shares, compared to its average volume of 2,270,521. The firm has a market capitalization of $28,115.31, a PE ratio of 12.05, a P/E/G ratio of 1.17 and a beta of 0.50. The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.41 and a current ratio of 1.68. HCA Holdings, Inc. has a twelve month low of $68.02 and a twelve month high of $91.03.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.70 billion. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.45 earnings per share. sell-side analysts expect that HCA Holdings, Inc. will post 6.55 earnings per share for the current fiscal year.
HCA Holdings declared that its board has approved a stock repurchase plan on Tuesday, October 31st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In other news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $79.87, for a total value of $171,720.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 6,450 shares of company stock worth $511,163. Insiders own 2.90% of the company’s stock.
HCA has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on HCA Holdings from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, August 22nd. ValuEngine cut HCA Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. BMO Capital Markets started coverage on HCA Holdings in a report on Monday, October 16th. They issued an “outperform” rating and a $90.00 price objective on the stock. KeyCorp reiterated an “overweight” rating and issued a $90.00 price objective (down from $95.00) on shares of HCA Holdings in a report on Thursday, October 19th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $89.95.
HCA Holdings Company 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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