Redwood Investment Management LLC Buys New Stake in HCA Healthcare, Inc. $HCA

Redwood Investment Management LLC purchased a new position in HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, HoldingsChannel.com reports. The fund purchased 3,010 shares of the company’s stock, valued at approximately $1,174,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Palisade Asset Management LLC purchased a new position in shares of HCA Healthcare during the 3rd quarter worth $26,000. Ares Financial Consulting LLC acquired a new stake in HCA Healthcare in the 4th quarter worth about $31,000. Cedar Mountain Advisors LLC acquired a new position in shares of HCA Healthcare during the 1st quarter valued at about $33,000. MCF Advisors LLC boosted its position in shares of HCA Healthcare by 213.0% in the fourth quarter. MCF Advisors LLC now owns 72 shares of the company’s stock worth $34,000 after acquiring an additional 49 shares during the last quarter. Finally, MidFirst Bank acquired a new position in HCA Healthcare during the second quarter worth approximately $28,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft set a $476.00 price objective on HCA Healthcare in a research note on Monday, July 27th. UBS Group cut their price target on shares of HCA Healthcare from $635.00 to $579.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group set a $450.00 price objective on shares of HCA Healthcare in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $462.64.

HCA Healthcare Stock Down 0.6%

NYSE HCA opened at $426.36 on Thursday. The stock has a market cap of $92.31 billion, a PE ratio of 14.27, a P/E/G ratio of 1.49 and a beta of 1.10. The business has a 50 day moving average price of $399.36 and a two-hundred day moving average price of $442.21. HCA Healthcare, Inc. has a fifty-two week low of $353.99 and a fifty-two week high of $556.52.

HCA Healthcare (NYSE:HCA) last posted its earnings results on Friday, July 24th. The company reported $7.59 EPS for the quarter, topping 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 business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $6.84 earnings per share. Sell-side analysts anticipate that HCA Healthcare, Inc. will post 29.42 EPS for the current fiscal year.

HCA Healthcare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given 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 of this dividend is Wednesday, September 16th. HCA Healthcare’s payout ratio is presently 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.