HCA Holdings, Inc. (HCA) Position Lifted by Ameriprise Financial Inc.
Ameriprise Financial Inc. increased its position in HCA Holdings, Inc. (NYSE:HCA) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 549,314 shares of the company’s stock after acquiring an additional 14,912 shares during the quarter. Ameriprise Financial Inc. owned about 0.15% of HCA Holdings worth $47,901,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in HCA Holdings by 14.0% in the 2nd 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 during the period. Bronfman E.L. Rothschild L.P. raised its holdings in HCA Holdings by 35.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock worth $107,000 after acquiring an additional 320 shares during the period. Lee Financial Co bought a new position in HCA Holdings in the 2nd quarter worth $125,000. Global X Management Co. LLC raised its holdings in HCA Holdings by 29.9% in the 1st quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock worth $192,000 after acquiring an additional 498 shares during the period. Finally, Synovus Financial Corp raised its holdings in HCA Holdings by 172.6% in the 2nd quarter. Synovus Financial Corp now owns 2,290 shares of the company’s stock worth $200,000 after acquiring an additional 1,450 shares during the period. Hedge funds and other institutional investors own 73.75% of the company’s stock.
HCA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of HCA Holdings from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Thursday, July 13th. Argus began coverage on shares of HCA Holdings in a report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 target price on the stock. Cantor Fitzgerald restated a “buy” rating and set a $95.00 price objective on shares of HCA Holdings in a report on Wednesday, September 6th. KeyCorp restated a “buy” rating and set a $95.00 price objective on shares of HCA Holdings in a report on Thursday, September 7th. Finally, Morgan Stanley began coverage on shares of HCA Holdings in a report on Tuesday, June 6th. They set an “equal weight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $92.88.
Shares of HCA Holdings, Inc. (NYSE HCA) opened at 77.65 on Friday. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 10.41 and a beta of 0.67. The stock’s 50 day moving average is $78.44 and its 200 day moving average is $83.29. HCA Holdings, Inc. has a 12 month low of $67.00 and a 12 month high of $91.03.
HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.76 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. HCA Holdings’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts forecast that HCA Holdings, Inc. will post $7.19 earnings per share for the current fiscal year.
In other news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $79.87, for a total transaction of $171,720.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 6,450 shares of company stock worth $529,309 over the last quarter. 2.90% of the stock is owned by company insiders.
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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