HCA Holdings, Inc. (HCA) Shares Sold by Advisor Partners LLC
Advisor Partners LLC lowered its stake in shares of HCA Holdings, Inc. (NYSE:HCA) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,914 shares of the company’s stock after selling 818 shares during the period. Advisor Partners LLC owned 1,083.46% of HCA Holdings worth $312,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of HCA. Dimensional Fund Advisors LP increased its stake in shares of HCA Holdings by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 518,454 shares of the company’s stock worth $46,138,000 after purchasing an additional 10,371 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in HCA Holdings during the 1st quarter valued at about $214,000. National Pension Service grew its position in shares of HCA Holdings by 14.7% in the 2nd quarter. National Pension Service now owns 275,916 shares of the company’s stock worth $23,952,000 after buying an additional 35,465 shares during the last quarter. Texan Capital Management grew its position in shares of HCA Holdings by 4.5% in the 2nd quarter. Texan Capital Management now owns 14,564 shares of the company’s stock worth $1,270,000 after buying an additional 628 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of HCA Holdings by 515.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 49,214 shares of the company’s stock worth $4,291,000 after buying an additional 41,220 shares during the last quarter. Institutional investors own 75.18% of the company’s stock.
Shares of HCA Holdings, Inc. (HCA) traded down $0.24 during midday trading on Thursday, reaching $78.62. 52,200 shares of the company’s stock traded hands, compared to its average volume of 3,329,787. The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.41 and a current ratio of 1.68. HCA Holdings, Inc. has a twelve month low of $67.00 and a twelve month high of $91.03. The firm has a market cap of $27,587.77, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.70 billion. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. sell-side analysts forecast that HCA Holdings, Inc. will post 6.54 earnings per share for the current fiscal year.
HCA Holdings declared that its board has approved a share buyback plan on Tuesday, October 31st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
HCA has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating on shares of HCA Holdings in a research report on Thursday, September 28th. Credit Suisse Group initiated coverage on shares of HCA Holdings in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $95.00 price objective on the stock. Zacks Investment Research downgraded shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $92.00 price objective on shares of HCA Holdings in a research report on Wednesday, October 4th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. HCA Holdings currently has an average rating of “Buy” and an average target price of $89.95.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $79.88, for a total value of $171,742.00. Following the transaction, the insider now owns 12,363 shares of the company’s stock, valued at $987,556.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 6,450 shares of company stock worth $511,163. Corporate insiders own 2.90% of the company’s stock.
HCA Holdings 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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