Caisse DE Depot ET Placement DU Quebec decreased its stake in shares of Hospital Co. of America (NYSE:HCA) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,800 shares of the company’s stock after selling 4,300 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Hospital Co. of America were worth $2,003,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in HCA. Parallel Advisors LLC grew its position in Hospital Co. of America by 76.2% in the 4th quarter. Parallel Advisors LLC now owns 1,337 shares of the company’s stock valued at $117,000 after purchasing an additional 578 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Hospital Co. of America by 108.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,425 shares of the company’s stock worth $213,000 after acquiring an additional 1,259 shares during the last quarter. Kovack Advisors Inc. purchased a new position in Hospital Co. of America during the 4th quarter worth $234,000. Financial Counselors Inc. purchased a new position in Hospital Co. of America during the 4th quarter worth $243,000. Finally, Buckley Wealth Management LLC purchased a new position in Hospital Co. of America during the 4th quarter worth $264,000. 73.48% of the stock is owned by institutional investors.
In other Hospital Co. of America news, major shareholder Thomas F. Frist, Jr. acquired 28,650 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $101.07 per share, with a total value of $2,895,655.50. Following the completion of the transaction, the insider now directly owns 389,855 shares of the company’s stock, valued at approximately $39,402,644.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles J. Hall sold 49,882 shares of the stock in a transaction 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 sale, the insider now directly owns 62,048 shares in the company, valued at $6,284,841.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 479,918 shares of company stock worth $48,186,093. Insiders own 2.80% of the company’s stock.
Shares of Hospital Co. of America stock opened at $96.24 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.62 and a debt-to-equity ratio of -6.58. The company has a market cap of $33,891.68, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.97 and a beta of 0.47. Hospital Co. of America has a 52 week low of $71.18 and a 52 week high of $106.84.
Hospital Co. of America (NYSE:HCA) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.25. Hospital Co. of America had a negative return on equity of 49.49% and a net margin of 4.89%. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.19 billion. During the same quarter in the prior year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts predict that Hospital Co. of America will post 8.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 1st were paid a $0.35 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. Hospital Co. of America’s dividend payout ratio is currently 21.24%.
A number of equities research analysts have recently commented on HCA shares. Morgan Stanley cut Hospital Co. of America from an “equal weight” rating to an “underweight” rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 20th. Bank of America cut Hospital Co. of America from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $94.00 to $90.00 in a research note on Thursday, January 4th. Credit Suisse Group restated an “outperform” rating and issued a $25.00 price objective on shares of Hospital Co. of America in a research note on Tuesday, December 26th. Robert W. Baird set a $104.00 price objective on Hospital Co. of America and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, Piper Jaffray cut Hospital Co. of America from an “overweight” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $106.21.
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About Hospital Co. of America
HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.
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