Lakewood Capital Management LP Invests $15.01 Million in HCA Healthcare, Inc. $HCA

Lakewood Capital Management LP acquired a new stake in shares of HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,500 shares of the company’s stock, valued at approximately $15,011,000.

A number of other large investors have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new stake in HCA Healthcare during the 3rd quarter worth $26,000. Ares Financial Consulting LLC acquired a new stake in shares of HCA Healthcare in the 4th quarter valued at about $31,000. Cedar Mountain Advisors LLC acquired a new position in shares of HCA Healthcare during the first quarter worth about $33,000. MCF Advisors LLC lifted its stake in HCA Healthcare by 213.0% in the 4th quarter. MCF Advisors LLC now owns 72 shares of the company’s stock valued at $34,000 after acquiring an additional 49 shares in the last quarter. Finally, MidFirst Bank bought a new position in shares of HCA Healthcare during the 2nd quarter worth approximately $28,000. Institutional investors own 62.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HCA. JPMorgan Chase & Co. lowered their price target on shares of HCA Healthcare from $490.00 to $425.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. UBS Group dropped their target price on HCA Healthcare from $635.00 to $579.00 and set a “buy” rating on the stock in a report on Monday, July 27th. TD Cowen lowered their price target on HCA Healthcare from $500.00 to $431.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Stephens decreased their target price on shares of HCA Healthcare from $560.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Finally, Cantor Fitzgerald cut their price target on shares of HCA Healthcare from $588.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $462.64.

HCA Healthcare Stock Down 0.0%

Shares of NYSE:HCA opened at $429.19 on Tuesday. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52. The firm has a market cap of $92.92 billion, a PE ratio of 14.37, a PEG ratio of 1.49 and a beta of 1.10. The company’s 50 day moving average price is $397.94 and its two-hundred day moving average price is $443.28.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data 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. The business had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.76 billion. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $6.84 earnings per share. On average, research analysts expect that HCA Healthcare, Inc. will post 29.47 EPS for the current year.

HCA Healthcare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 16th. HCA Healthcare’s payout ratio is 10.45%.

About HCA Healthcare

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.