HCA Holdings, Inc. (HCA) Announces Earnings Results
HCA Holdings, Inc. (NYSE:HCA) announced its quarterly earnings results on Tuesday. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05, Bloomberg Earnings reports. The company had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.66 earnings per share. HCA Holdings updated its FY17 guidance to $7.00-7.30 EPS.
HCA Holdings (NYSE:HCA) traded down 1.20% during trading on Thursday, reaching $80.65. The company’s stock had a trading volume of 1,180,883 shares. HCA Holdings has a 52-week low of $67.00 and a 52-week high of $91.03. The firm has a 50 day moving average price of $85.32 and a 200-day moving average price of $84.43. The stock has a market cap of $29.59 billion, a price-to-earnings ratio of 10.96 and a beta of 0.69.
In related news, major shareholder Thomas F. Frist, Jr. purchased 361,205 shares of HCA Holdings stock in a transaction on Friday, May 5th. The shares were purchased at an average price of $83.06 per share, for a total transaction of $30,001,687.30. Following the transaction, the insider now owns 167,000 shares of the company’s stock, valued at approximately $13,871,020. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $86.44, for a total value of $185,846.00. Following the completion of the sale, the insider now owns 12,363 shares in the company, valued at approximately $1,068,657.72. The disclosure for this sale can be found here. Insiders sold a total of 397,424 shares of company stock worth $33,234,810 in the last quarter. Corporate insiders own 2.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in HCA Holdings by 2,549.4% in the first quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock worth $1,788,682,000 after buying an additional 19,341,168 shares during the period. FMR LLC raised its stake in HCA Holdings by 15.8% in the first quarter. FMR LLC now owns 7,763,884 shares of the company’s stock worth $690,908,000 after buying an additional 1,059,925 shares during the period. Old Mutual Global Investors UK Ltd. raised its stake in HCA Holdings by 44.6% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,627,311 shares of the company’s stock worth $144,814,000 after buying an additional 501,591 shares during the period. Longview Partners Guernsey LTD raised its stake in HCA Holdings by 4.8% in the second quarter. Longview Partners Guernsey LTD now owns 9,081,454 shares of the company’s stock worth $791,903,000 after buying an additional 414,598 shares during the period. Finally, Morgan Stanley raised its stake in HCA Holdings by 51.7% in the first quarter. Morgan Stanley now owns 1,186,998 shares of the company’s stock worth $105,630,000 after buying an additional 404,599 shares during the period. Hedge funds and other institutional investors own 74.48% of the company’s stock.
Several brokerages have recently commented on HCA. Zacks Investment Research cut HCA Holdings from a “hold” rating to a “sell” rating in a report on Thursday. Citigroup Inc. decreased their target price on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $88.00 target price (down previously from $90.00) on shares of HCA Holdings in a report on Wednesday. Bank of America Corporation cut HCA Holdings from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $102.00 to $92.00 in a report on Wednesday. Finally, BidaskClub cut HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $92.67.
About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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