Edgestream Partners L.P. Invests $2.16 Million in HCA Healthcare, Inc. (NYSE:HCA)

Edgestream Partners L.P. bought a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, Holdings Channel.com reports. The fund bought 7,119 shares of the company’s stock, valued at approximately $2,160,000.

A number of other large investors have also modified their holdings of HCA. Oppenheimer & Co. Inc. lifted its position in HCA Healthcare by 4.7% in the second quarter. Oppenheimer & Co. Inc. now owns 21,972 shares of the company’s stock valued at $6,668,000 after buying an additional 984 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of HCA Healthcare by 8.1% during the second quarter. HB Wealth Management LLC now owns 2,982 shares of the company’s stock worth $905,000 after purchasing an additional 223 shares in the last quarter. Toroso Investments LLC lifted its position in shares of HCA Healthcare by 90.4% during the first quarter. Toroso Investments LLC now owns 13,019 shares of the company’s stock worth $3,433,000 after purchasing an additional 6,180 shares in the last quarter. First Hawaiian Bank lifted its position in shares of HCA Healthcare by 51.5% during the second quarter. First Hawaiian Bank now owns 2,691 shares of the company’s stock worth $817,000 after purchasing an additional 915 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of HCA Healthcare during the second quarter worth about $70,725,000. Hedge funds and other institutional investors own 62.73% of the company’s stock.

HCA Healthcare Price Performance

Shares of NYSE HCA opened at $246.38 on Monday. The company has a market cap of $65.95 billion, a PE ratio of 12.12, a P/E/G ratio of 1.38 and a beta of 1.66. HCA Healthcare, Inc. has a 1-year low of $215.96 and a 1-year high of $304.86. The stock has a fifty day moving average price of $242.32 and a 200 day moving average price of $266.42. The company has a debt-to-equity ratio of 103.06, a current ratio of 1.15 and a quick ratio of 0.99.

HCA Healthcare (NYSE:HCA) last issued its earnings results on Tuesday, October 24th. The company reported $3.91 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.06). The company had revenue of $16.21 billion for the quarter, compared to analysts’ expectations of $15.77 billion. HCA Healthcare had a return on equity of 2,040.32% and a net margin of 9.05%. Sell-side analysts forecast that HCA Healthcare, Inc. will post 18.18 EPS for the current year.

HCA Healthcare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.60 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.97%. HCA Healthcare’s dividend payout ratio is presently 11.81%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HCA. Oppenheimer increased their price target on shares of HCA Healthcare from $310.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Mizuho dropped their price target on shares of HCA Healthcare from $325.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Citigroup dropped their price target on shares of HCA Healthcare from $324.00 to $279.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. StockNews.com lowered shares of HCA Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Finally, Sanford C. Bernstein lowered their target price on shares of HCA Healthcare from $345.00 to $294.00 in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $296.59.

About HCA Healthcare

HCA Healthcare, Inc, through its subsidiaries, provides health care services in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.