HCA Holdings, Inc. (NYSE:HCA) SVP Victor L. Campbell sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.00, for a total value of $624,000.00. Following the sale, the senior vice president now directly owns 127,275 shares of the company’s stock, valued at approximately $9,927,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
HCA Holdings, Inc. (HCA) opened at $77.71 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.68 and a debt-to-equity ratio of -6.46. HCA Holdings, Inc. has a one year low of $69.18 and a one year high of $91.03. The company has a market capitalization of $27,856.85, a PE ratio of 11.94, a P/E/G ratio of 1.16 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last released its quarterly earnings results on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.70 billion. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. analysts forecast that HCA Holdings, Inc. will post 6.55 EPS for the current year.
HCA Holdings announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 31st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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A number of equities research analysts have issued reports on the company. Argus lowered their price target on HCA Holdings from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Citigroup Inc. lowered their price target on HCA Holdings from $87.00 to $81.00 and set a “neutral” rating for the company in a research report on Monday, November 6th. Piper Jaffray Companies reissued a “buy” rating and set a $82.00 price target on shares of HCA Holdings in a research report on Wednesday, November 1st. Zacks Investment Research raised HCA Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded HCA Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $89.95.
A number of institutional investors have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec increased its holdings in HCA Holdings by 18.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 27,100 shares of the company’s stock valued at $2,166,000 after buying an additional 4,200 shares during the last quarter. Brave Asset Management Inc. increased its holdings in HCA Holdings by 30.6% in the third quarter. Brave Asset Management Inc. now owns 17,477 shares of the company’s stock valued at $1,391,000 after buying an additional 4,098 shares during the last quarter. Mackenzie Financial Corp increased its holdings in HCA Holdings by 1.5% in the third quarter. Mackenzie Financial Corp now owns 844,065 shares of the company’s stock valued at $67,179,000 after buying an additional 12,226 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in HCA Holdings by 232.3% in the third quarter. Pinebridge Investments L.P. now owns 31,981 shares of the company’s stock valued at $2,545,000 after buying an additional 22,356 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in HCA Holdings by 81.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 8,173 shares of the company’s stock valued at $650,000 after buying an additional 3,667 shares during the last quarter. 75.93% 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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