Massey Quick Simon & CO. LLC acquired a new position in shares of HCA Holdings, Inc. (NYSE:HCA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,155 shares of the company’s stock, valued at approximately $251,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of HCA Holdings by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock worth $101,000 after purchasing an additional 143 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of HCA Holdings by 35.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock worth $107,000 after purchasing an additional 320 shares during the last quarter. Atlantic Trust LLC acquired a new position in shares of HCA Holdings during the 2nd quarter worth about $118,000. Lee Financial Co acquired a new position in shares of HCA Holdings during the 2nd quarter worth about $125,000. Finally, Acrospire Investment Management LLC increased its stake in shares of HCA Holdings by 14.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock worth $140,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.
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In other news, SVP Victor L. Campbell sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.00, for a total transaction of $624,000.00. Following the completion of the sale, the senior vice president now owns 127,275 shares of the company’s stock, valued at approximately $9,927,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total transaction of $167,700.00. Following the sale, the insider now directly owns 12,476 shares of the company’s stock, valued at approximately $973,128. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,300 shares of company stock valued at $963,421. 2.90% of the stock is currently owned by insiders.
Shares of HCA Holdings, Inc. (NYSE:HCA) traded down $0.97 during trading on Tuesday, hitting $77.71. 1,878,000 shares of the stock were exchanged, compared to its average volume of 2,268,728. HCA Holdings, Inc. has a 12 month low of $69.18 and a 12 month high of $91.03. The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.41 and a current ratio of 1.68. The company has a market cap of $27,856.85, a P/E ratio of 11.94, a PEG ratio of 1.16 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.21. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. equities analysts predict that HCA Holdings, Inc. will post 6.55 earnings per share for the current year.
HCA Holdings declared that its Board of Directors has approved a stock buyback plan on Tuesday, October 31st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of HCA Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of HCA Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Citigroup Inc. decreased their price target on shares of HCA Holdings from $89.00 to $87.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $88.00 price target (down previously from $90.00) on shares of HCA Holdings in a research note on Wednesday, July 26th. Finally, Bank of America Corporation lowered shares of HCA Holdings from a “buy” rating to a “neutral” rating and decreased their price target for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $89.95.
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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