2,860 Shares in HCA Healthcare, Inc. $HCA Acquired by RB Capital Management LLC

RB Capital Management LLC acquired a new stake in HCA Healthcare, Inc. (NYSE:HCA) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,860 shares of the company’s stock, valued at approximately $1,115,000.

Other large investors also recently modified their holdings of the company. Palisade Asset Management LLC bought a new position in shares of HCA Healthcare during the 3rd quarter valued at about $26,000. MidFirst Bank bought a new position in HCA Healthcare in the second quarter valued at approximately $28,000. Clearstead Trust LLC bought a new stake in shares of HCA Healthcare during the second quarter worth $29,000. JPL Wealth Management LLC bought a new stake in HCA Healthcare in the 3rd quarter valued at $33,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of HCA Healthcare in the first quarter valued at about $33,000. 62.73% of the stock is currently owned by institutional investors.

HCA Healthcare Price Performance

Shares of HCA opened at $417.57 on Friday. HCA Healthcare, Inc. has a fifty-two week low of $353.99 and a fifty-two week high of $556.52. The firm has a market capitalization of $90.40 billion, a PE ratio of 13.98, a PEG ratio of 1.46 and a beta of 1.10. The company’s 50-day moving average is $401.08 and its 200-day moving average is $441.46.

HCA Healthcare (NYSE:HCA) last released its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $19.76 billion. During the same period in the previous year, the company posted $6.84 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts predict that HCA Healthcare, Inc. will post 29.42 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%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HCA. JPMorgan Chase & Co. lowered their price objective on shares of HCA Healthcare from $490.00 to $425.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th. Cantor Fitzgerald decreased their price objective on HCA Healthcare from $588.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $435.00 price target on shares of HCA Healthcare in a research note on Monday, July 27th. TD Cowen dropped their price target on shares of HCA Healthcare from $500.00 to $431.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Finally, Argus dropped their target price on shares of HCA Healthcare from $560.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HCA Healthcare presently has an average rating of “Moderate Buy” and a consensus price target 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.