Freestone Grove Partners LP Takes Position in Ramsay Health Care Limited $RMSYF

Freestone Grove Partners LP acquired a new position in shares of Ramsay Health Care Limited (OTCMKTS:RMSYF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 74,058 shares of the company’s stock, valued at approximately $1,445,000.

Several other large investors also recently added to or reduced their stakes in RMSYF. Avalon Trust Co purchased a new position in Ramsay Health Care during the 2nd quarter valued at about $36,000. Global Retirement Partners LLC purchased a new stake in shares of Ramsay Health Care in the second quarter worth approximately $128,000. Allworth Financial LP acquired a new stake in shares of Ramsay Health Care during the second quarter worth approximately $134,000. Callan Family Office LLC acquired a new stake in shares of Ramsay Health Care during the second quarter worth approximately $226,000. Finally, Western Wealth Management LLC purchased a new position in Ramsay Health Care during the second quarter valued at approximately $295,000. 13.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Ramsay Health Care to a “buy” rating and set a $54.10 price target on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $54.10.

Ramsay Health Care Stock Performance

Shares of RMSYF opened at $36.62 on Friday. Ramsay Health Care Limited has a 12-month low of $24.61 and a 12-month high of $36.62. The stock’s 50-day moving average price is $29.46 and its 200 day moving average price is $26.50.

Ramsay Health Care Profile

Ramsay Health Care is a multinational operator of private hospitals and healthcare facilities, offering a broad range of medical, surgical and rehabilitative services. The company’s primary activities include inpatient and day‐patient care, elective surgery, maternity and neonatal services, mental health treatment, oncology, cardiology and allied health support. In addition to acute hospital services, Ramsay Health Care provides aged care and retirement living communities in select markets, integrating complementary care settings to meet diverse patient needs.

Founded in 1964 by Australian entrepreneur Paul Ramsay, the group has grown through strategic acquisitions and greenfield developments to become one of the world’s largest private hospital networks.