Steinberg Asset Management LLC increased its stake in HCA Healthcare Inc (NYSE:HCA) by 109.5% during the second quarter, HoldingsChannel reports. The firm owned 35,638 shares of the company’s stock after acquiring an additional 18,626 shares during the period. HCA Healthcare comprises approximately 4.5% of Steinberg Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Steinberg Asset Management LLC’s holdings in HCA Healthcare were worth $4,817,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. AMP Capital Investors Ltd raised its holdings in HCA Healthcare by 7.8% during the 2nd quarter. AMP Capital Investors Ltd now owns 470,504 shares of the company’s stock valued at $63,096,000 after acquiring an additional 33,851 shares during the period. Holocene Advisors LP bought a new stake in HCA Healthcare during the 2nd quarter valued at $31,719,000. National Pension Service raised its holdings in HCA Healthcare by 9.1% during the 2nd quarter. National Pension Service now owns 355,341 shares of the company’s stock valued at $48,031,000 after acquiring an additional 29,516 shares during the period. Asset Management One Co. Ltd. raised its holdings in HCA Healthcare by 12.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 152,462 shares of the company’s stock valued at $20,608,000 after acquiring an additional 17,176 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in HCA Healthcare by 11.4% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 12,260 shares of the company’s stock valued at $1,657,000 after acquiring an additional 1,250 shares during the period. 70.19% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on HCA. Bank of America raised shares of HCA Healthcare from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $130.00 to $137.00 in a report on Friday, September 6th. Stephens set a $150.00 target price on shares of HCA Healthcare and gave the company a “buy” rating in a report on Wednesday, August 7th. Goldman Sachs Group raised shares of HCA Healthcare from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $160.00 in a report on Wednesday, July 10th. Mizuho set a $153.00 target price on shares of HCA Healthcare and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their target price on shares of HCA Healthcare from $172.00 to $181.00 and gave the company a “buy” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. HCA Healthcare currently has a consensus rating of “Buy” and a consensus target price of $155.29.
In other news, major shareholder Patricia F. Elcan purchased 250 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $124.10 per share, with a total value of $31,025.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathleen M. Whalen sold 977 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $127.56, for a total transaction of $124,626.12. Following the completion of the transaction, the senior vice president now directly owns 11,484 shares in the company, valued at approximately $1,464,899.04. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.
Shares of HCA Healthcare stock traded down $0.25 during trading on Monday, hitting $128.82. The stock had a trading volume of 44,933 shares, compared to its average volume of 1,351,520. The firm has a market cap of $43.88 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.10 and a beta of 0.87. HCA Healthcare Inc has a 12 month low of $110.31 and a 12 month high of $147.42. The business’s 50-day moving average is $126.64 and its 200 day moving average is $129.13.
HCA Healthcare (NYSE:HCA) last released its quarterly earnings results on Tuesday, July 30th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.28). The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.61 billion. HCA Healthcare had a negative return on equity of 135.90% and a net margin of 7.46%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. On average, sell-side analysts expect that HCA Healthcare Inc will post 10.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. HCA Healthcare’s payout ratio is currently 16.38%.
HCA Healthcare Profile
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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