Nationwide Fund Advisors Sells 60,467 Shares of HCA Holdings, Inc. (HCA)
Nationwide Fund Advisors lowered its position in HCA Holdings, Inc. (NYSE:HCA) by 13.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 392,964 shares of the company’s stock after selling 60,467 shares during the period. Nationwide Fund Advisors owned 0.11% of HCA Holdings worth $34,266,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in HCA. Northwestern Mutual Wealth Management Co. boosted its holdings in HCA Holdings by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock worth $101,000 after acquiring an additional 143 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of HCA Holdings by 35.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock valued at $107,000 after purchasing an additional 320 shares in the last quarter. Lee Financial Co bought a new position in shares of HCA Holdings in the second quarter valued at approximately $125,000. Global X Management Co. LLC lifted its holdings in shares of HCA Holdings by 29.9% in the first quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock valued at $192,000 after purchasing an additional 498 shares in the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of HCA Holdings by 172.6% in the second quarter. Synovus Financial Corp now owns 2,290 shares of the company’s stock valued at $200,000 after purchasing an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 73.77% of the company’s stock.
In other HCA Holdings news, insider Jonathan B. Perlin sold 71,063 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $86.00, for a total transaction of $6,111,418.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $79.88, for a total transaction of $171,742.00. Following the sale, the insider now owns 12,363 shares of the company’s stock, valued at $987,556.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,363 shares of company stock valued at $6,469,006. Company insiders own 2.90% of the company’s stock.
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A number of research analysts have recently weighed in on HCA shares. Argus started coverage on HCA Holdings in a report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 target price on the stock. BidaskClub lowered HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation lowered HCA Holdings from a “buy” rating to a “neutral” rating and dropped their target price for the company from $102.00 to $92.00 in a report on Wednesday, July 26th. Morgan Stanley started coverage on HCA Holdings in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $90.00 target price on the stock. Finally, ValuEngine lowered HCA Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.88.
Shares of HCA Holdings, Inc. (NYSE HCA) traded up 0.4941% during mid-day trading on Friday, hitting $80.2646. The company had a trading volume of 513,390 shares. The firm has a market capitalization of $29.00 billion, a PE ratio of 10.7593 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. The firm has a 50-day moving average price of $78.65 and a 200-day moving average price of $83.57.
HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. HCA Holdings’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Equities analysts forecast that HCA Holdings, Inc. will post $7.19 earnings per share for the current year.
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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