Teacher Retirement System of Texas Has $19.74 Million Position in HCA Healthcare, Inc. $HCA

Teacher Retirement System of Texas cut its holdings in HCA Healthcare, Inc. (NYSE:HCA) by 47.6% in the third quarter, Holdings Channel.com reports. The fund owned 46,320 shares of the company’s stock after selling 42,110 shares during the quarter. Teacher Retirement System of Texas’ holdings in HCA Healthcare were worth $19,742,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in HCA Healthcare during the second quarter valued at about $27,000. Chung Wu Investment Group LLC acquired a new stake in HCA Healthcare in the 2nd quarter worth approximately $27,000. Clearstead Trust LLC grew its holdings in HCA Healthcare by 311.8% during the second quarter. Clearstead Trust LLC now owns 70 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of HCA Healthcare by 82.9% in the third quarter. Harbor Capital Advisors Inc. now owns 75 shares of the company’s stock worth $32,000 after buying an additional 34 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in HCA Healthcare in the 2nd quarter worth $40,000. 62.73% of the stock is currently owned by institutional investors.

HCA Healthcare Stock Performance

NYSE:HCA opened at $470.52 on Friday. HCA Healthcare, Inc. has a 52 week low of $295.00 and a 52 week high of $520.00. The company has a market capitalization of $107.37 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.30 and a beta of 1.36. The company has a 50-day moving average of $480.37 and a 200-day moving average of $433.92.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings results on Friday, October 24th. The company reported $6.96 EPS for the quarter, topping analysts’ consensus estimates of $5.64 by $1.32. HCA Healthcare had a net margin of 8.53% and a negative return on equity of 792.25%. The firm had revenue of $19.16 billion during the quarter, compared to analysts’ expectations of $18.55 billion. During the same quarter last year, the company earned $4.90 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts forecast that HCA Healthcare, Inc. will post 24.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays lifted their price objective on HCA Healthcare from $445.00 to $494.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Morgan Stanley cut HCA Healthcare from an “equal weight” rating to an “underweight” rating and set a $425.00 price objective for the company. in a research report on Monday, December 15th. Jefferies Financial Group upped their target price on shares of HCA Healthcare from $525.00 to $535.00 and gave the company a “buy” rating in a research note on Thursday. Truist Financial raised their price target on shares of HCA Healthcare from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Monday, January 5th. Finally, KeyCorp reiterated an “overweight” rating and issued a $500.00 target price on shares of HCA Healthcare in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $488.75.

Insiders Place Their Bets

In other HCA Healthcare news, EVP Michael R. Mcalevey sold 3,892 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $473.79, for a total transaction of $1,843,990.68. Following the completion of the transaction, the executive vice president directly owned 3,487 shares in the company, valued at $1,652,105.73. This represents a 52.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

HCA Healthcare Profile

HCA Healthcare is a for?profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.