OMERS ADMINISTRATION Corp Purchases New Holdings in HCA Healthcare, Inc. $HCA

OMERS ADMINISTRATION Corp acquired a new position in shares of HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, HoldingsChannel reports. The firm acquired 12,393 shares of the company’s stock, valued at approximately $4,832,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Osmosis Investment Management UK Ltd bought a new stake in HCA Healthcare during the second quarter worth $1,794,000. Sanctuary Advisors LLC bought a new stake in shares of HCA Healthcare in the 2nd quarter valued at about $3,814,000. Solstein Capital LLC bought a new position in HCA Healthcare during the second quarter worth about $58,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in HCA Healthcare in the second quarter valued at approximately $996,000. Finally, Te Ahumairangi Investment Management Ltd bought a new position in shares of HCA Healthcare during the 2nd quarter worth approximately $5,104,000. 62.73% of the stock is owned by institutional investors.

HCA Healthcare Trading Down 0.0%

Shares of HCA opened at $429.19 on Tuesday. The stock has a market capitalization of $92.92 billion, a PE ratio of 14.37, a P/E/G ratio of 1.49 and a beta of 1.10. The firm’s 50 day moving average is $397.94 and its 200-day moving average is $443.28. HCA Healthcare, Inc. has a 12 month low of $353.99 and a 12 month high of $556.52.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.56 by $0.03. The business had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.76 billion. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.84 earnings per share. Equities research analysts predict that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s payout ratio is 10.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HCA shares. Argus cut their price target on HCA Healthcare from $560.00 to $500.00 and set a “buy” rating for the company in a report on Monday, May 4th. Weiss Ratings lowered shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Truist Financial decreased their price target on shares of HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Morgan Stanley cut their price objective on shares of HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating for the company in a research report on Monday, July 27th. Finally, Robert W. Baird lowered their target price on HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $462.64.

HCA Healthcare Profile

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.