National HealthCare Co. (NYSEMKT:NHC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

Shares of National HealthCare (NYSEMKT NHC) opened at 62.41 on Thursday. National HealthCare has a 12-month low of $57.73 and a 12-month high of $78.99. The firm has a market cap of $948.32 million, a P/E ratio of 19.63 and a beta of 0.91. The firm has a 50-day moving average price of $62.82 and a 200-day moving average price of $68.94.

National HealthCare (NYSEMKT:NHC) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.70 earnings per share for the quarter. The business had revenue of $239.46 million during the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. On average, equities research analysts expect that National HealthCare will post $2.54 earnings per share for the current fiscal year.

National HealthCare announced that its board has authorized a stock repurchase program on Wednesday, August 9th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Cigna Investments Inc. New acquired a new stake in National HealthCare in the 2nd quarter valued at about $242,000. Bowling Portfolio Management LLC acquired a new stake in National HealthCare in the 2nd quarter valued at about $870,000. Russell Investments Group Ltd. lifted its holdings in National HealthCare by 1.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock valued at $3,929,000 after acquiring an additional 904 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in National HealthCare by 8.1% in the 2nd quarter. Victory Capital Management Inc. now owns 13,545 shares of the company’s stock valued at $950,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its holdings in National HealthCare by 235.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock valued at $110,000 after acquiring an additional 1,100 shares during the last quarter.

About National HealthCare

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.

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