Csenge Advisory Group Makes New Investment in HCA Healthcare, Inc. $HCA

Csenge Advisory Group bought a new position in HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, Holdings Channel.com reports. The fund bought 2,638 shares of the company’s stock, valued at approximately $1,028,000.

Several other large investors have also modified their holdings of HCA. Brighton Jones LLC purchased a new position in HCA Healthcare in the 4th quarter worth about $1,021,000. NewEdge Advisors LLC boosted its holdings in shares of HCA Healthcare by 11.9% in the first quarter. NewEdge Advisors LLC now owns 3,859 shares of the company’s stock worth $1,334,000 after buying an additional 409 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of HCA Healthcare by 5.5% during the second quarter. Sivia Capital Partners LLC now owns 630 shares of the company’s stock valued at $241,000 after acquiring an additional 33 shares during the period. Jump Financial LLC acquired a new position in HCA Healthcare in the 2nd quarter worth approximately $2,073,000. Finally, Sei Investments Co. raised its position in HCA Healthcare by 56.3% during the second quarter. Sei Investments Co. now owns 136,589 shares of the company’s stock valued at $52,328,000 after buying an additional 49,214 shares during the period. 62.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HCA shares. TD Cowen reduced their price target on shares of HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Cantor Fitzgerald cut their target price on shares of HCA Healthcare from $588.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Raymond James Financial set a $528.00 price target on shares of HCA Healthcare in a report on Tuesday, July 7th. Robert W. Baird reduced their price objective on HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Finally, Stephens cut their price target on HCA Healthcare from $560.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, HCA Healthcare presently has an average rating of “Moderate Buy” and an average target price of $465.59.

HCA Healthcare Stock Performance

HCA Healthcare stock opened at $407.28 on Thursday. The business’s 50-day simple moving average is $395.75 and its 200-day simple moving average is $444.82. HCA Healthcare, Inc. has a 52 week low of $353.99 and a 52 week high of $556.52. The firm has a market capitalization of $88.18 billion, a PE ratio of 13.64, a PEG ratio of 1.43 and a beta of 1.10.

HCA Healthcare (NYSE:HCA) last released its earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The firm had revenue of $20.23 billion for the quarter, compared to analyst estimates of $19.76 billion. During the same quarter last year, the firm posted $6.84 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Research analysts forecast that HCA Healthcare, Inc. will post 29.47 earnings per share for the current year.

HCA Healthcare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. HCA Healthcare’s dividend payout ratio is 10.45%.

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.