HCA Holdings, Inc. (HCA) Lowered to Market Perform at Raymond James Financial, Inc.

Raymond James Financial, Inc. cut shares of HCA Holdings, Inc. (NYSE:HCA) from a strong-buy rating to a market perform rating in a research note issued to investors on Wednesday morning.

HCA has been the topic of several other research reports. Piper Jaffray Companies restated a buy rating and set a $92.00 price target on shares of HCA Holdings in a research note on Wednesday, October 4th. ValuEngine upgraded HCA Holdings from a hold rating to a buy rating in a research note on Monday, October 2nd. BidaskClub lowered HCA Holdings from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Zacks Investment Research lowered HCA Holdings from a buy rating to a hold rating in a research note on Friday, July 14th. Finally, KeyCorp restated a buy rating and set a $95.00 price target on shares of HCA Holdings in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $91.60.

Shares of HCA Holdings (NYSE:HCA) traded up 2.52% during mid-day trading on Wednesday, hitting $79.40. 4,430,815 shares of the stock were exchanged. The stock’s 50 day moving average is $77.51 and its 200 day moving average is $81.96. The firm has a market cap of $28.68 billion, a P/E ratio of 10.64 and a beta of 0.62. HCA Holdings has a 12 month low of $67.00 and a 12 month high of $91.03.

HCA Holdings (NYSE:HCA) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.05). The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 EPS. Analysts expect that HCA Holdings will post $7.05 EPS for the current fiscal year.

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In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total value of $171,742.00. Following the completion of the sale, the insider now owns 12,363 shares of the company’s stock, valued at $987,556.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gotham Asset Management LLC boosted its holdings in HCA Holdings by 178.5% in the first quarter. Gotham Asset Management LLC now owns 325,689 shares of the company’s stock worth $28,983,000 after acquiring an additional 208,745 shares in the last quarter. Accident Compensation Corp lifted its holdings in shares of HCA Holdings by 4.8% during the second quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock worth $3,819,000 after purchasing an additional 2,000 shares during the period. Delta Lloyd Asset Management N.V. acquired a new stake in shares of HCA Holdings during the second quarter worth about $3,823,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of HCA Holdings by 33.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,470 shares of the company’s stock worth $665,000 after purchasing an additional 1,870 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of HCA Holdings by 1,229.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock worth $59,753,000 after purchasing an additional 717,551 shares during the period. 73.76% of the stock is owned by institutional investors and hedge funds.

About HCA Holdings

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.

Analyst Recommendations for HCA Holdings (NYSE:HCA)

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