220,632 Shares in Ramsay Health Care Limited $RMSYF Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ramsay Health Care Limited (OTCMKTS:RMSYF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 220,632 shares of the company’s stock, valued at approximately $4,305,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RMSYF. Avalon Trust Co purchased a new position in Ramsay Health Care in the 2nd quarter worth approximately $36,000. GSA Capital Partners LLP bought a new position in Ramsay Health Care in the 2nd quarter worth approximately $417,000. Bank of New York Mellon Corp purchased a new stake in Ramsay Health Care during the 2nd quarter valued at approximately $63,202,000. Global Retirement Partners LLC purchased a new stake in Ramsay Health Care during the 2nd quarter valued at approximately $128,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ramsay Health Care during the second quarter valued at approximately $4,231,000. Institutional investors own 13.17% of the company’s stock.

Ramsay Health Care Price Performance

RMSYF opened at $29.58 on Friday. The firm has a 50-day simple moving average of $29.22 and a two-hundred day simple moving average of $26.43. Ramsay Health Care Limited has a 52 week low of $24.61 and a 52 week high of $30.00.

Wall Street Analysts Forecast Growth

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

About Ramsay Health Care

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.