An issue of HCA Healthcare Inc (NYSE:HCA) bonds fell 1.5% as a percentage of their face value during trading on Monday. The high-yield issue of debt has a 5% coupon and is set to mature on March 15, 2024. The bonds in the issue are now trading at $103.00 and were trading at $104.00 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
HCA has been the subject of a number of analyst reports. Zacks Investment Research downgraded HCA Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. Credit Suisse Group boosted their target price on HCA Healthcare from $156.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Jefferies Financial Group boosted their target price on HCA Healthcare from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. SunTrust Banks boosted their target price on HCA Healthcare to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. Finally, Leerink Swann boosted their target price on HCA Healthcare from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have given a buy rating to the stock. HCA Healthcare currently has an average rating of “Buy” and an average price target of $148.43.
HCA stock traded down $0.87 on Monday, reaching $138.66. 1,008,119 shares of the company’s stock were exchanged, compared to its average volume of 1,587,261. HCA Healthcare Inc has a twelve month low of $93.03 and a twelve month high of $147.42. The firm has a market capitalization of $48.02 billion, a PE ratio of 14.19, a P/E/G ratio of 1.16 and a beta of 0.80.
HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data on Tuesday, January 29th. The company reported $2.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.59 by $0.40. HCA Healthcare had a negative return on equity of 91.25% and a net margin of 8.11%. The firm had revenue of $12.27 billion for the quarter, compared to analyst estimates of $12.10 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. HCA Healthcare’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that HCA Healthcare Inc will post 10.02 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $0.40 dividend. This is a positive change from HCA Healthcare’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, February 28th. This represents a $1.60 annualized dividend and a yield of 1.15%. HCA Healthcare’s dividend payout ratio is 14.33%.
In related news, SVP Deborah M. Reiner sold 523 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $138.89, for a total transaction of $72,639.47. Following the sale, the senior vice president now owns 4,927 shares of the company’s stock, valued at $684,311.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deborah M. Reiner sold 466 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $139.07, for a total value of $64,806.62. Following the sale, the senior vice president now directly owns 5,037 shares in the company, valued at approximately $700,495.59. The disclosure for this sale can be found here. Insiders sold 1,809 shares of company stock worth $254,181 in the last three months. 2.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC raised its holdings in shares of HCA Healthcare by 4.6% in the 4th quarter. Chicago Equity Partners LLC now owns 1,841 shares of the company’s stock worth $229,000 after purchasing an additional 81 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of HCA Healthcare by 11.2% in the 4th quarter. Quadrant Capital Group LLC now owns 847 shares of the company’s stock worth $93,000 after purchasing an additional 85 shares during the period. Advisor Partners LLC raised its holdings in shares of HCA Healthcare by 2.3% in the 4th quarter. Advisor Partners LLC now owns 5,079 shares of the company’s stock worth $632,000 after purchasing an additional 113 shares during the period. Whitener Capital Management Inc. raised its holdings in shares of HCA Healthcare by 50.0% in the 4th quarter. Whitener Capital Management Inc. now owns 474 shares of the company’s stock worth $58,000 after purchasing an additional 158 shares during the period. Finally, First Manhattan Co. raised its holdings in shares of HCA Healthcare by 21.1% in the 4th quarter. First Manhattan Co. now owns 1,090 shares of the company’s stock worth $135,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 72.85% of the company’s stock.
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About HCA Healthcare (NYSE:HCA)
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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