Parametric Portfolio Associates LLC lessened its position in shares of National HealthCare Co. (NYSEMKT:NHC) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,796 shares of the company’s stock after selling 3,348 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.16% of National HealthCare worth $1,669,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its holdings in National HealthCare by 235.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in National HealthCare by 286.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock valued at $146,000 after buying an additional 1,542 shares in the last quarter. Legal & General Group Plc grew its holdings in National HealthCare by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock valued at $195,000 after buying an additional 81 shares in the last quarter. Principal Financial Group Inc. purchased a new position in National HealthCare during the 2nd quarter valued at approximately $206,000. Finally, Cigna Investments Inc. New purchased a new position in National HealthCare during the 2nd quarter valued at approximately $242,000.
A number of equities analysts have recently commented on NHC shares. ValuEngine cut National HealthCare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BidaskClub cut National HealthCare from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th.
In other news, SVP Jeffrey Russell Smith sold 1,848 shares of National HealthCare stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $62.78, for a total value of $116,017.44. Following the completion of the transaction, the senior vice president now owns 3,111 shares in the company, valued at approximately $195,308.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
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National HealthCare Co. (NYSEMKT NHC) opened at $62.42 on Friday. National HealthCare Co. has a 1-year low of $57.73 and a 1-year high of $78.99.
National HealthCare (NYSEMKT:NHC) last announced its earnings results on Thursday, November 9th. The company reported $0.75 EPS for the quarter. The firm had revenue of $241.99 million during the quarter. National HealthCare had a return on equity of 6.26% and a net margin of 4.41%.
National HealthCare announced that its Board of Directors has initiated a share buyback program on Wednesday, August 9th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
National HealthCare Company Profile
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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