Retirement Systems of Alabama Has $75.41 Million Stock Position in HCA Healthcare, Inc. $HCA

Retirement Systems of Alabama trimmed its position in shares of HCA Healthcare, Inc. (NYSE:HCA) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,935 shares of the company’s stock after selling 2,227 shares during the period. Retirement Systems of Alabama owned 0.08% of HCA Healthcare worth $75,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in HCA Healthcare during the second quarter worth about $27,000. Chung Wu Investment Group LLC acquired a new stake in shares of HCA Healthcare in the second quarter valued at approximately $27,000. Clearstead Trust LLC raised its stake in HCA Healthcare by 311.8% in the 2nd quarter. Clearstead Trust LLC now owns 70 shares of the company’s stock valued at $27,000 after acquiring an additional 53 shares during the period. Harbor Capital Advisors Inc. boosted its position in HCA Healthcare by 82.9% during the third quarter. Harbor Capital Advisors Inc. now owns 75 shares of the company’s stock worth $32,000 after purchasing an additional 34 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of HCA Healthcare during the 2nd quarter worth about $40,000. 62.73% of the stock is owned by institutional investors.

Insider Buying and Selling at HCA Healthcare

In related news, EVP Michael R. Mcalevey sold 3,892 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $473.79, for a total value of $1,843,990.68. Following the sale, the executive vice president directly owned 3,487 shares of the company’s stock, valued at $1,652,105.73. This trade represents a 52.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

HCA Healthcare Stock Up 0.9%

HCA stock opened at $470.52 on Friday. The company’s 50-day moving average price is $480.37 and its two-hundred day moving average price is $433.92. HCA Healthcare, Inc. has a 12 month low of $295.00 and a 12 month high of $520.00. The firm has a market cap of $107.37 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.30 and a beta of 1.36.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data on Friday, October 24th. The company reported $6.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.64 by $1.32. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.55 billion. HCA Healthcare had a net margin of 8.53% and a negative return on equity of 792.25%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $4.90 earnings per share. Equities analysts predict that HCA Healthcare, Inc. will post 24.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial increased their price target on shares of HCA Healthcare from $495.00 to $520.00 and gave the company a “buy” rating in a report on Monday, January 5th. Wall Street Zen upgraded HCA Healthcare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. The Goldman Sachs Group lifted their target price on HCA Healthcare from $470.00 to $520.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Jefferies Financial Group raised their price target on shares of HCA Healthcare from $525.00 to $535.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their target price on shares of HCA Healthcare from $431.00 to $452.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HCA Healthcare has an average rating of “Moderate Buy” and an average price target of $488.75.

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.