HCA Healthcare Inc (NYSE:HCA) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of HCA Healthcare from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Citigroup Inc. reduced their target price on shares of HCA Healthcare from $89.00 to $87.00 and set a “neutral” rating for the company in a report on Wednesday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $88.00 target price (down from $90.00) on shares of HCA Healthcare in a report on Wednesday, July 26th. Bank of America Corporation cut shares of HCA Healthcare from a “buy” rating to a “neutral” rating and reduced their target price for the company from $102.00 to $92.00 in a report on Wednesday, July 26th. Finally, Argus assumed coverage on shares of HCA Healthcare in a report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $93.50.

HCA Healthcare (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.76 billion. During the same period last year, the firm earned $1.66 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis.

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In other HCA Healthcare news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $84.52, for a total transaction of $181,718.00. Following the transaction, the insider now directly owns 12,254 shares in the company, valued at $1,035,708.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jana Joustra Davis sold 54,689 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $82.35, for a total transaction of $4,503,639.15. Following the transaction, the senior vice president now owns 107,892 shares in the company, valued at $8,884,906.20. The disclosure for this sale can be found here. Insiders have sold 151,424 shares of company stock worth $12,787,290 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in HCA. Gotham Asset Management LLC raised its stake in HCA Healthcare by 178.5% in the first quarter. Gotham Asset Management LLC now owns 325,689 shares of the company’s stock valued at $28,983,000 after buying an additional 208,745 shares in the last quarter. Focused Wealth Management Inc raised its stake in HCA Healthcare by 52.6% in the first quarter. Focused Wealth Management Inc now owns 2,900 shares of the company’s stock valued at $258,000 after buying an additional 1,000 shares in the last quarter. Brave Asset Management Inc. acquired a new stake in HCA Healthcare during the first quarter valued at approximately $767,000. Toronto Dominion Bank raised its stake in HCA Healthcare by 44.3% in the first quarter. Toronto Dominion Bank now owns 80,875 shares of the company’s stock valued at $7,197,000 after buying an additional 24,830 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its stake in HCA Healthcare by 34.9% in the first quarter. State of Tennessee Treasury Department now owns 123,155 shares of the company’s stock valued at $10,960,000 after buying an additional 31,852 shares in the last quarter. Institutional investors and hedge funds own 74.54% of the company’s stock.

About HCA Healthcare

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.

Analyst Recommendations for HCA Healthcare (NYSE:HCA)

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