National HealthCare (NYSEAMERICAN:NHC) Issues Earnings Results

National HealthCare (NYSEAMERICAN:NHC) released its quarterly earnings results on Thursday. The company reported $1.74 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $408.03 million for the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.

National HealthCare Price Performance

NYSEAMERICAN NHC traded down $2.00 on Thursday, reaching $219.45. 108,226 shares of the company’s stock traded hands, compared to its average volume of 108,308. The stock has a market cap of $3.43 billion, a PE ratio of 27.88 and a beta of 0.61. National HealthCare has a 12 month low of $95.20 and a 12 month high of $232.67. The stock has a 50-day simple moving average of $208.41 and a 200 day simple moving average of $181.21.

Insider Buying and Selling at National HealthCare

In other National HealthCare news, Director Lisa Piercey acquired 949 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $184.26 per share, with a total value of $174,862.74. Following the purchase, the director owned 949 shares of the company’s stock, valued at approximately $174,862.74. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 13.92% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NHC. Caitong International Asset Management Co. Ltd purchased a new stake in National HealthCare during the 3rd quarter valued at about $25,000. Quarry LP lifted its position in National HealthCare by 171.9% in the third quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in National HealthCare in the fourth quarter valued at approximately $42,000. EverSource Wealth Advisors LLC boosted its stake in shares of National HealthCare by 28.5% during the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after purchasing an additional 69 shares during the period. Finally, Simplex Trading LLC boosted its stake in shares of National HealthCare by 140.0% during the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after purchasing an additional 203 shares during the period. 56.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NHC. Royal Bank Of Canada raised National HealthCare to a “hold” rating in a report on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, National HealthCare has an average rating of “Buy”.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.