Gluskin Sheff & Assoc Inc. Increases Position in HCA Holdings Inc. (HCA)
Gluskin Sheff & Assoc Inc. raised its position in shares of HCA Holdings Inc. (NYSE:HCA) by 33.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 40,940 shares of the company’s stock after buying an additional 10,250 shares during the period. Gluskin Sheff & Assoc Inc.’s holdings in HCA Holdings were worth $3,153,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCA. Teachers Advisors Inc. boosted its position in HCA Holdings by 9.3% in the first quarter. Teachers Advisors Inc. now owns 648,237 shares of the company’s stock worth $50,595,000 after buying an additional 55,042 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of HCA Holdings by 32.1% in the first quarter. Prudential Financial Inc. now owns 642,299 shares of the company’s stock worth $50,131,000 after buying an additional 156,100 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of HCA Holdings by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,869,835 shares of the company’s stock worth $692,291,000 after buying an additional 104,859 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of HCA Holdings by 33.8% in the first quarter. JPMorgan Chase & Co. now owns 4,297,017 shares of the company’s stock worth $335,381,000 after buying an additional 1,085,464 shares during the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in shares of HCA Holdings during the first quarter worth about $109,000. Hedge funds and other institutional investors own 72.83% of the company’s stock.
HCA Holdings Inc. (NYSE:HCA) traded down 0.19% on Thursday, reaching $74.60. 1,750,815 shares of the company traded hands. The company has a 50-day moving average price of $75.45 and a 200-day moving average price of $77.64. HCA Holdings Inc. has a 12 month low of $60.07 and a 12 month high of $83.69. The company has a market capitalization of $28.25 billion, a P/E ratio of 12.93 and a beta of 0.89.
HCA Holdings (NYSE:HCA) last released its earnings results on Thursday, July 28th. The company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The company earned $10.32 billion during the quarter, compared to the consensus estimate of $10.49 billion. HCA Holdings had a net margin of 5.75% and a negative return on equity of 42.19%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. Equities research analysts expect that HCA Holdings Inc. will post $6.59 EPS for the current year.
HCA has been the topic of a number of research analyst reports. Zacks Investment Research raised HCA Holdings from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, July 5th. Jefferies Group reissued a “buy” rating on shares of HCA Holdings in a research report on Wednesday, August 10th. Credit Suisse Group AG reissued a “buy” rating and issued a $87.00 target price on shares of HCA Holdings in a research report on Friday, July 29th. Citigroup Inc. cut their target price on HCA Holdings from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Finally, Mizuho reissued a “buy” rating and issued a $102.00 target price on shares of HCA Holdings in a research report on Thursday, July 14th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $86.88.
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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