Cognios Capital LLC Increases Holdings in HCA Healthcare Inc (HCA)
Cognios Capital LLC raised its position in HCA Healthcare Inc (NYSE:HCA) by 10.5% during the fourth quarter, HoldingsChannel reports. The firm owned 25,966 shares of the company’s stock after purchasing an additional 2,458 shares during the period. Cognios Capital LLC’s holdings in HCA Healthcare were worth $2,279,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in HCA. Longview Partners Guernsey LTD lifted its holdings in HCA Healthcare by 22.6% in the 3rd quarter. Longview Partners Guernsey LTD now owns 11,135,155 shares of the company’s stock valued at $886,247,000 after purchasing an additional 2,053,701 shares in the last quarter. APG Asset Management N.V. lifted its holdings in HCA Healthcare by 141.4% in the 3rd quarter. APG Asset Management N.V. now owns 3,423,381 shares of the company’s stock valued at $272,467,000 after purchasing an additional 2,005,193 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in HCA Healthcare by 1,500.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,579,382 shares of the company’s stock valued at $125,703,000 after purchasing an additional 1,480,690 shares in the last quarter. American Century Companies Inc. lifted its holdings in HCA Healthcare by 49.5% in the 3rd quarter. American Century Companies Inc. now owns 2,558,216 shares of the company’s stock valued at $203,608,000 after purchasing an additional 847,377 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in HCA Healthcare by 441.7% in the 3rd quarter. Brandes Investment Partners LP now owns 686,968 shares of the company’s stock valued at $66,810,000 after purchasing an additional 560,144 shares in the last quarter. Institutional investors own 74.89% of the company’s stock.
HCA has been the topic of a number of research reports. Morgan Stanley lowered HCA Healthcare from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a report on Wednesday, December 20th. Credit Suisse Group restated an “outperform” rating and issued a $25.00 price objective on shares of HCA Healthcare in a report on Tuesday, December 26th. Bank of America lowered HCA Healthcare from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $94.00 to $90.00 in a report on Thursday, January 4th. Robert W. Baird set a $104.00 price target on HCA Healthcare and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Citigroup upgraded HCA Healthcare from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $103.65.
Shares of HCA Healthcare Inc (HCA) opened at $95.97 on Friday. The stock has a market cap of $34,449.05, a PE ratio of 16.16, a P/E/G ratio of 0.98 and a beta of 0.48. HCA Healthcare Inc has a fifty-two week low of $71.18 and a fifty-two week high of $106.84. The company has a debt-to-equity ratio of -6.58, a current ratio of 1.62 and a quick ratio of 1.36.
HCA Healthcare (NYSE:HCA) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.25. The firm had revenue of $11.56 billion for the quarter, compared to analyst estimates of $11.19 billion. HCA Healthcare had a net margin of 4.89% and a negative return on equity of 49.49%. HCA Healthcare’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. equities analysts predict that HCA Healthcare Inc will post 8.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 1st will be issued a $0.35 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.40 annualized dividend and a yield of 1.46%.
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HCA Healthcare 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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