Maverick Capital Ltd. Buys 14,280 Shares of HCA Holdings, Inc. (HCA)
Maverick Capital Ltd. boosted its stake in shares of HCA Holdings, Inc. (NYSE:HCA) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,550 shares of the company’s stock after buying an additional 14,280 shares during the quarter. Maverick Capital Ltd.’s holdings in HCA Holdings were worth $4,059,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in HCA Holdings by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock worth $101,000 after buying an additional 143 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in HCA Holdings by 35.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock worth $107,000 after buying an additional 320 shares during the period. Lee Financial Co acquired a new position in HCA Holdings during the 2nd quarter worth about $125,000. Acrospire Investment Management LLC lifted its holdings in HCA Holdings by 14.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock worth $140,000 after buying an additional 200 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in HCA Holdings by 37.7% during the 2nd quarter. D.A. Davidson & CO. now owns 1,970 shares of the company’s stock worth $171,000 after buying an additional 539 shares during the period. 73.77% of the stock is currently owned by hedge funds and other institutional investors.
HCA Holdings, Inc. (NYSE HCA) traded down 0.46% on Thursday, reaching $77.33. The company had a trading volume of 1,513,052 shares. HCA Holdings, Inc. has a one year low of $67.00 and a one year high of $91.03. The firm has a market capitalization of $27.94 billion, a price-to-earnings ratio of 10.37 and a beta of 0.62. The company’s 50 day moving average is $78.29 and its 200-day moving average is $82.73.
HCA Holdings (NYSE:HCA) last released its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.05). HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. HCA Holdings’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that HCA Holdings, Inc. will post $7.18 earnings per share for the current fiscal year.
Several research analysts have commented on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $92.00 target price on shares of HCA Holdings in a report on Wednesday. ValuEngine raised HCA Holdings from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird reissued a “buy” rating on shares of HCA Holdings in a research note on Thursday, September 28th. KeyCorp reissued a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research note on Thursday, September 7th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.56.
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In other news, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $86.44, for a total transaction of $185,846.00. Following the completion of the transaction, the insider now directly owns 12,363 shares in the company, valued at $1,068,657.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 6,450 shares of company stock valued at $529,309 over the last quarter. Company insiders own 2.90% of the company’s stock.
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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