A number of other brokerages also recently weighed in on HCA. Robert W. Baird cut their price target on shares of HCA Holdings from $95.00 to $93.00 and set an outperform rating on the stock in a research report on Tuesday, August 22nd. ValuEngine downgraded shares of HCA Holdings from a buy rating to a hold rating in a research report on Thursday. Argus started coverage on shares of HCA Holdings in a research report on Wednesday, June 28th. They issued a buy rating and a $100.00 price target on the stock. Cantor Fitzgerald reiterated a buy rating and issued a $95.00 price target on shares of HCA Holdings in a research report on Wednesday, September 6th. Finally, Bank of America Corporation downgraded shares of HCA Holdings from a buy rating to a neutral rating and cut their price target for the company from $102.00 to $92.00 in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $92.88.
Shares of HCA Holdings (NYSE:HCA) opened at 77.05 on Thursday. HCA Holdings has a 12-month low of $67.00 and a 12-month high of $91.03. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 10.33 and a beta of 0.67. The stock’s 50 day moving average is $79.21 and its 200-day moving average is $83.78.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. On average, analysts anticipate that HCA Holdings will post $7.19 EPS for the current fiscal year.
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In other HCA Holdings news, insider Jonathan B. Perlin sold 71,063 shares of HCA Holdings stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $86.00, for a total transaction of $6,111,418.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction on Monday, July 17th. The stock was sold at an average price of $86.44, for a total transaction of $185,846.00. Following the transaction, the insider now directly owns 12,363 shares of the company’s stock, valued at $1,068,657.72. The disclosure for this sale can be found here. Insiders sold 77,513 shares of company stock valued at $6,651,455 over the last three months. 2.90% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in HCA Holdings by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 3,174 shares of the company’s stock worth $277,000 after purchasing an additional 14 shares during the period. Advisor Partners LLC boosted its position in HCA Holdings by 0.3% during the second quarter. Advisor Partners LLC now owns 4,732 shares of the company’s stock worth $413,000 after purchasing an additional 14 shares during the period. Wetherby Asset Management Inc. boosted its position in HCA Holdings by 0.6% during the second quarter. Wetherby Asset Management Inc. now owns 4,232 shares of the company’s stock worth $369,000 after purchasing an additional 25 shares during the period. Argent Capital Management LLC boosted its position in HCA Holdings by 1.2% during the second quarter. Argent Capital Management LLC now owns 4,370 shares of the company’s stock worth $381,000 after purchasing an additional 50 shares during the period. Finally, Wedbush Securities Inc. boosted its position in HCA Holdings by 1.5% during the second quarter. Wedbush Securities Inc. now owns 6,028 shares of the company’s stock worth $526,000 after purchasing an additional 88 shares during the period. 73.77% of the stock is owned by hedge funds and other institutional investors.
HCA Holdings Company 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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