Engineers Gate Manager LP Sells 49,528 Shares of HCA Healthcare, Inc. $HCA

Engineers Gate Manager LP reduced its holdings in shares of HCA Healthcare, Inc. (NYSE:HCA) by 81.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,471 shares of the company’s stock after selling 49,528 shares during the period. Engineers Gate Manager LP’s holdings in HCA Healthcare were worth $4,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System grew its position in HCA Healthcare by 38,348.7% in the second quarter. California State Teachers Retirement System now owns 89,141,330 shares of the company’s stock valued at $34,755,313,000 after acquiring an additional 88,909,485 shares during the period. BlackRock Inc. bought a new stake in shares of HCA Healthcare in the 2nd quarter worth about $5,069,974,000. State Street Corp lifted its holdings in HCA Healthcare by 1.0% during the 4th quarter. State Street Corp now owns 7,566,643 shares of the company’s stock valued at $3,532,563,000 after purchasing an additional 76,039 shares during the last quarter. Capital World Investors grew its stake in HCA Healthcare by 0.8% during the fourth quarter. Capital World Investors now owns 4,999,422 shares of the company’s stock worth $2,334,040,000 after buying an additional 40,086 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of HCA Healthcare by 20.5% in the 2nd quarter. Wellington Management Group LLP now owns 4,707,473 shares of the company’s stock worth $1,835,397,000 after acquiring an additional 799,761 shares in the last quarter. Institutional investors own 62.73% of the company’s stock.

Wall Street Analysts Forecast Growth

HCA has been the subject of several research analyst reports. Oppenheimer cut their price objective on HCA Healthcare from $520.00 to $485.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. Jefferies Financial Group set a $450.00 price target on HCA Healthcare in a report on Tuesday, July 14th. KeyCorp lowered their price objective on shares of HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating for the company in a research report on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating on shares of HCA Healthcare in a research note on Wednesday, July 15th. Finally, Mizuho decreased their price objective on HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $462.64.

HCA Healthcare Stock Performance

HCA opened at $427.51 on Friday. The company has a fifty day moving average price of $404.99 and a two-hundred day moving average price of $433.41. The firm has a market capitalization of $92.56 billion, a PE ratio of 14.31, a P/E/G ratio of 1.40 and a beta of 1.10. HCA Healthcare, Inc. has a 52 week low of $353.99 and a 52 week high of $556.52.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data on Friday, July 24th. The company reported $7.59 EPS for the quarter, topping analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The business had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.76 billion. During the same period in the previous year, the firm earned $6.84 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that HCA Healthcare, Inc. will post 29.42 EPS for the current year.

HCA Healthcare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a yield of 0.7%. HCA Healthcare’s dividend payout ratio (DPR) is presently 10.45%.

About HCA Healthcare

HCA Healthcare, Inc (NYSE:HCA) is a healthcare services company that operates hospitals and other healthcare facilities. Its network provides a broad range of medical services, including emergency care, inpatient and outpatient treatment, surgery, diagnostic services, and maternity care.

The company also operates ambulatory surgery centers, urgent care facilities, physician practices, and other outpatient locations. HCA Healthcare serves patients through facilities located across the United States, as well as through HCA Healthcare UK, its healthcare operations in the United Kingdom.

HCA Healthcare was founded in 1968 by Dr.