Pacer Advisors Inc. Decreases Stake in National HealthCare Co. $NHC

Pacer Advisors Inc. cut its position in National HealthCare Co. (NYSE:NHC) by 13.1% during the third quarter, HoldingsChannel reports. The firm owned 51,204 shares of the company’s stock after selling 7,732 shares during the quarter. Pacer Advisors Inc.’s holdings in National HealthCare were worth $6,222,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CSM Advisors LLC acquired a new position in shares of National HealthCare during the second quarter worth $2,285,000. Lazard Asset Management LLC lifted its holdings in National HealthCare by 82.2% during the 2nd quarter. Lazard Asset Management LLC now owns 46,647 shares of the company’s stock worth $4,991,000 after buying an additional 21,041 shares during the last quarter. Jane Street Group LLC boosted its position in shares of National HealthCare by 86.7% during the 1st quarter. Jane Street Group LLC now owns 34,783 shares of the company’s stock worth $3,228,000 after acquiring an additional 16,149 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of National HealthCare in the 2nd quarter valued at about $1,665,000. Finally, Strs Ohio acquired a new stake in shares of National HealthCare during the 1st quarter worth about $612,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Price Performance

NHC stock opened at $138.77 on Tuesday. The business has a 50 day moving average price of $131.52 and a 200 day moving average price of $117.35. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 17.39 and a beta of 0.65. National HealthCare Co. has a fifty-two week low of $89.14 and a fifty-two week high of $144.52.

Insider Buying and Selling at National HealthCare

In other news, VP Timothy J. Shelly sold 2,454 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $139.42, for a total value of $342,136.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 14.97% of the company’s stock.

About National HealthCare

National HealthCare Corporation (NYSE: NHC) is a diversified provider of senior health care and related services, headquartered in Murfreesboro, Tennessee. Established in 1971, the company operates a network of post-acute and long-term care facilities, including skilled nursing centers, assisted living communities, independent living residences, and memory care units. In addition to its brick-and-mortar operations, the company offers home health, hospice, and rehabilitation services, aiming to support aging individuals at every stage of care.

The company’s skilled nursing facilities deliver 24-hour nursing services, therapy programs, and customized care plans designed to enhance patient recovery and quality of life.