Legal & General Group Plc Makes New $25.32 Million Investment in Ramsay Health Care Limited $RMSYF

Legal & General Group Plc purchased a new position in shares of Ramsay Health Care Limited (OTCMKTS:RMSYF) in the second quarter, Holdings Channel.com reports. The firm purchased 1,297,878 shares of the company’s stock, valued at approximately $25,322,000.

Several other institutional investors have also made changes to their positions in RMSYF. BlackRock Inc. acquired a new position in Ramsay Health Care in the second quarter worth approximately $811,896,000. Bank of New York Mellon Corp acquired a new stake in Ramsay Health Care in the second quarter valued at approximately $63,202,000. Advisors Capital Management LLC bought a new stake in Ramsay Health Care in the second quarter worth approximately $49,328,000. Deutsche Bank AG bought a new stake in Ramsay Health Care in the second quarter worth approximately $7,087,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ramsay Health Care during the 2nd quarter worth $4,486,000. 13.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Ramsay Health Care to a “buy” rating and set a $54.10 price target on the stock in a report on Thursday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $54.10.

Ramsay Health Care Price Performance

Shares of OTCMKTS RMSYF opened at $36.62 on Friday. The business’s 50-day simple moving average is $29.46 and its 200-day simple moving average is $26.50. Ramsay Health Care Limited has a 52 week low of $24.61 and a 52 week high of $36.62.

Ramsay Health Care Profile

Ramsay Health Care is a multinational operator of private hospitals and healthcare facilities, offering a broad range of medical, surgical and rehabilitative services. The company’s primary activities include inpatient and day‐patient care, elective surgery, maternity and neonatal services, mental health treatment, oncology, cardiology and allied health support. In addition to acute hospital services, Ramsay Health Care provides aged care and retirement living communities in select markets, integrating complementary care settings to meet diverse patient needs.

Founded in 1964 by Australian entrepreneur Paul Ramsay, the group has grown through strategic acquisitions and greenfield developments to become one of the world’s largest private hospital networks.