Pictet Asset Management Ltd. Buys 12,375 Shares of HCA Holdings, Inc. (NYSE:HCA)
Pictet Asset Management Ltd. increased its position in shares of HCA Holdings, Inc. (NYSE:HCA) by 4.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 275,478 shares of the company’s stock after buying an additional 12,375 shares during the period. Pictet Asset Management Ltd.’s holdings in HCA Holdings were worth $22,564,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. boosted its position in shares of HCA Holdings by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,994 shares of the company’s stock worth $665,000 after buying an additional 153 shares during the period. Nationwide Fund Advisors boosted its position in shares of HCA Holdings by 1.5% in the first quarter. Nationwide Fund Advisors now owns 453,431 shares of the company’s stock worth $40,351,000 after buying an additional 6,552 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of HCA Holdings by 76.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 360,550 shares of the company’s stock worth $32,087,000 after buying an additional 155,639 shares during the period. James Investment Research Inc. bought a new position in shares of HCA Holdings during the first quarter worth about $226,000. Finally, State of Alaska Department of Revenue bought a new position in shares of HCA Holdings during the first quarter worth about $381,000. 74.54% of the stock is currently owned by hedge funds and other institutional investors.
HCA Holdings, Inc. (NYSE:HCA) opened at 77.81 on Friday. The firm’s 50 day moving average is $83.76 and its 200-day moving average is $84.33. The company has a market cap of $28.11 billion, a P/E ratio of 10.43 and a beta of 0.67. HCA Holdings, Inc. has a 52 week low of $67.00 and a 52 week high of $91.03.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by $0.05. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.76 billion. During the same period in the previous year, the company posted $1.66 EPS. HCA Holdings’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that HCA Holdings, Inc. will post $7.17 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $95.00 price objective on shares of HCA Holdings in a research note on Monday, April 17th. Zacks Investment Research lowered shares of HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub lowered shares of HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Argus assumed coverage on shares of HCA Holdings in a report on Wednesday, June 28th. They set a “buy” rating and a $100.00 target price for the company. Finally, Leerink Swann upgraded shares of HCA Holdings from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $92.00 to $100.00 in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. HCA Holdings presently has a consensus rating of “Buy” and an average target price of $93.50.
In other news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $84.52, for a total value of $181,718.00. Following the completion of the sale, the insider now owns 12,254 shares of the company’s stock, valued at approximately $1,035,708.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jana Joustra Davis sold 54,689 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 107,892 shares of the company’s stock, valued at approximately $8,884,906.20. The disclosure for this sale can be found here. Insiders sold a total of 138,117 shares of company stock valued at $11,654,477 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.
HCA Holdings Company Profile
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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