HCA Holdings Inc. (HCA) Sees Large Volume Increase
HCA Holdings Inc. (NYSE:HCA) shares saw unusually-strong trading volume on Tuesday . Approximately 2,126,512 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 2,460,955 shares.The stock last traded at $75.82 and had previously closed at $76.66.
A number of equities analysts have recently weighed in on HCA shares. JPMorgan Chase & Co. raised shares of HCA Holdings from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $76.00 to $85.00 in a research note on Monday, March 14th. Sanford C. Bernstein started coverage on shares of HCA Holdings in a research note on Thursday, June 16th. They issued a “market perform” rating and a $88.00 price target on the stock. Avondale Partners upped their price target on shares of HCA Holdings from $85.00 to $92.00 and gave the stock a “market outperform” rating in a research note on Friday, April 15th. Credit Suisse Group AG upped their price target on shares of HCA Holdings from $78.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, March 24th. Finally, Robert W. Baird reissued a “buy” rating on shares of HCA Holdings in a research report on Monday, May 16th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. HCA Holdings currently has a consensus rating of “Buy” and a consensus price target of $87.60.
The stock has a market capitalization of $30.30 billion and a P/E ratio of 14.60. The firm has a 50 day moving average of $77.79 and a 200-day moving average of $74.17.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.22. The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.24 billion. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 earnings per share. On average, equities research analysts forecast that HCA Holdings Inc. will post $6.52 EPS for the current year.
In other news, insider Michael S. Cuffe sold 2,575 shares of the business’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $80.73, for a total transaction of $207,879.75. Following the transaction, the insider now directly owns 9,868 shares in the company, valued at approximately $796,643.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John M. Steele sold 19,464 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $81.00, for a total transaction of $1,576,584.00. Following the transaction, the senior vice president now owns 30,198 shares in the company, valued at $2,446,038. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently made changes to their positions in the company. Mizuho Trust & Banking Co. Ltd. raised its position in shares of HCA Holdings by 3.0% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 502,875 shares of the company’s stock worth $34,417,000 after buying an additional 14,570 shares during the period. GAM Holding AG raised its position in shares of HCA Holdings by 2.8% in the fourth quarter. GAM Holding AG now owns 55,252 shares of the company’s stock worth $3,737,000 after buying an additional 1,531 shares during the period. Vanguard Group Inc. raised its position in shares of HCA Holdings by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 18,613,087 shares of the company’s stock worth $1,258,803,000 after buying an additional 84,850 shares during the period. Todd Asset Management LLC bought a new position in shares of HCA Holdings during the fourth quarter worth approximately $12,366,000. Finally, State of Wisconsin Investment Board raised its position in shares of HCA Holdings by 11.9% in the fourth quarter. State of Wisconsin Investment Board now owns 444,813 shares of the company’s stock worth $30,083,000 after buying an additional 47,315 shares during the period.
HCA Holdings, Inc is a holding company. The Company is a health care services company. The Company owns, manages or operates hospitals, freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers and various other facilities.