HCA Holdings, Inc. (HCA) Stake Decreased by Magellan Asset Management Ltd
Magellan Asset Management Ltd lessened its position in shares of HCA Holdings, Inc. (NYSE:HCA) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,831,583 shares of the company’s stock after selling 46,684 shares during the period. HCA Holdings makes up about 3.6% of Magellan Asset Management Ltd’s portfolio, making the stock its 16th largest holding. Magellan Asset Management Ltd owned approximately 2.68% of HCA Holdings worth $857,314,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of HCA Holdings by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,174 shares of the company’s stock worth $277,000 after acquiring an additional 14 shares during the period. Advisor Partners LLC lifted its holdings in shares of HCA Holdings by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 4,732 shares of the company’s stock worth $413,000 after acquiring an additional 14 shares during the period. Wetherby Asset Management Inc. lifted its holdings in shares of HCA Holdings by 0.6% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,232 shares of the company’s stock worth $369,000 after acquiring an additional 25 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of HCA Holdings by 1.5% during the 2nd quarter. Wedbush Securities Inc. now owns 6,028 shares of the company’s stock worth $526,000 after acquiring an additional 88 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of HCA Holdings by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $1,552,000 after acquiring an additional 100 shares during the period. 73.77% of the stock is owned by institutional investors.
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In other news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction that occurred on 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 directly owns 12,363 shares in the company, valued at approximately $1,068,657.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan B. Perlin sold 71,063 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $86.00, for a total transaction of $6,111,418.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,363 shares of company stock valued at $6,469,006. Company insiders own 2.90% of the company’s stock.
Several brokerages recently commented on HCA. Zacks Investment Research downgraded shares of HCA Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of HCA Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Bank of America Corporation downgraded shares of HCA Holdings from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and issued a $88.00 price objective (down previously from $90.00) on shares of HCA Holdings in a research note on Wednesday, July 26th. Finally, Citigroup Inc. dropped their price objective on shares of HCA Holdings from $89.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $92.88.
Shares of HCA Holdings, Inc. (HCA) traded down 0.79% during trading on Friday, reaching $79.24. 2,451,655 shares of the company’s stock traded hands. The company has a market cap of $28.63 billion, a price-to-earnings ratio of 10.62 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 company’s 50-day moving average is $78.63 and its 200 day moving average is $83.51.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.05). The business had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Equities analysts forecast that HCA Holdings, Inc. will post $7.19 EPS 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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