Terra Nova Asset Management LLC Decreases Stake in HCA Holdings Inc. (HCA)
Terra Nova Asset Management LLC lowered its stake in HCA Holdings Inc. (NYSE:HCA) by 31.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,055 shares of the company’s stock after selling 1,820 shares during the period. Terra Nova Asset Management LLC’s holdings in HCA Holdings were worth $312,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in HCA Holdings during the first quarter worth $109,000. NN Investment Partners Holdings N.V. bought a new position in HCA Holdings during the first quarter worth $148,000. Invictus RG boosted its position in HCA Holdings by 21.9% in the first quarter. Invictus RG now owns 2,156 shares of the company’s stock worth $168,000 after buying an additional 388 shares during the period. Bremer Trust National Association bought a new position in HCA Holdings during the second quarter worth $239,000. Finally, Parametrica Management Ltd bought a new position in HCA Holdings during the second quarter worth $273,000. 72.83% of the stock is owned by hedge funds and other institutional investors.
Shares of HCA Holdings Inc. (NYSE:HCA) traded up 1.25% during midday trading on Thursday, hitting $76.38. The stock had a trading volume of 2,367,414 shares. The firm has a 50-day moving average price of $75.76 and a 200-day moving average price of $77.51. HCA Holdings Inc. has a 1-year low of $60.07 and a 1-year high of $83.69. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 13.24 and a beta of 0.82.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.10. The business earned $10.32 billion during the quarter, compared to analyst estimates of $10.49 billion. HCA Holdings had a negative return on equity of 42.19% and a net margin of 5.75%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.37 EPS. On average, equities analysts anticipate that HCA Holdings Inc. will post $6.59 EPS for the current fiscal year.
A number of research firms have recently weighed in on HCA. Zacks Investment Research raised HCA Holdings from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, July 26th. Mizuho reissued a “buy” rating and issued a $102.00 price target on shares of HCA Holdings in a report on Thursday, July 14th. Longbow Research cut HCA Holdings from an “outperform” rating to a “market perform” rating and set a $74.00 price target for the company. in a report on Wednesday, June 1st. Leerink Swann cut HCA Holdings from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Finally, Barclays PLC cut their price target on HCA Holdings from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, June 1st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $86.78.
About HCA Holdings
HCA Holdings, Inc is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers.
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