Meadow Creek Investment Management LLC raised its position in HCA Healthcare Inc (NYSE:HCA) by 56.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,828 shares of the company’s stock after acquiring an additional 16,212 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in HCA Healthcare were worth $3,937,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in HCA Healthcare by 76.2% in the fourth quarter. Parallel Advisors LLC now owns 1,337 shares of the company’s stock valued at $117,000 after acquiring an additional 578 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of HCA Healthcare by 108.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,425 shares of the company’s stock worth $213,000 after buying an additional 1,259 shares during the period. Kovack Advisors Inc. bought a new position in shares of HCA Healthcare in the fourth quarter worth about $234,000. Financial Counselors Inc. bought a new position in shares of HCA Healthcare in the fourth quarter worth about $243,000. Finally, Focused Wealth Management Inc bought a new position in shares of HCA Healthcare in the fourth quarter worth about $257,000. 73.48% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on HCA shares. Morgan Stanley downgraded HCA Healthcare from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research note on Wednesday, December 20th. Bank of America downgraded HCA Healthcare from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $94.00 to $90.00 in a research note on Thursday, January 4th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of HCA Healthcare in a research note on Tuesday, December 26th. Robert W. Baird set a $104.00 price objective on HCA Healthcare and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, Goldman Sachs Group started coverage on HCA Healthcare in a research note on Wednesday, January 3rd. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company’s stock. HCA Healthcare presently has a consensus rating of “Buy” and a consensus target price of $104.50.
Shares of HCA Healthcare Inc (NYSE:HCA) opened at $103.15 on Friday. The company has a debt-to-equity ratio of -6.58, a quick ratio of 1.36 and a current ratio of 1.62. HCA Healthcare Inc has a 1 year low of $71.18 and a 1 year high of $106.84. The stock has a market capitalization of $35,665.69, a PE ratio of 17.37, a P/E/G ratio of 1.02 and a beta of 0.49.
HCA Healthcare (NYSE:HCA) last released its earnings results on Tuesday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.25. HCA Healthcare had a negative return on equity of 49.49% and a net margin of 4.89%. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.19 billion. During the same quarter last year, the business posted $1.80 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. analysts forecast that HCA Healthcare Inc will post 8.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, February 28th. HCA Healthcare’s dividend payout ratio is presently 23.57%.
In other HCA Healthcare news, CFO Bill B. Rutherford sold 48,462 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $102.42, for a total transaction of $4,963,478.04. Following the completion of the transaction, the chief financial officer now owns 41,269 shares in the company, valued at approximately $4,226,770.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles J. Hall sold 49,882 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $101.29, for a total value of $5,052,547.78. Following the transaction, the insider now owns 62,048 shares of the company’s stock, valued at approximately $6,284,841.92. The disclosure for this sale can be found here. Insiders have sold a total of 479,918 shares of company stock valued at $48,186,093 in the last 90 days. 2.90% of the stock is currently owned by company insiders.
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HCA Healthcare 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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