Canada Pension Plan Investment Board cut its holdings in shares of HCA Holdings, Inc. (NYSE:HCA) by 45.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,830 shares of the company’s stock after selling 76,000 shares during the period. Canada Pension Plan Investment Board’s holdings in HCA Holdings were worth $7,229,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Strs Ohio increased its position in shares of HCA Holdings by 12.2% during the third quarter. Strs Ohio now owns 1,075,778 shares of the company’s stock worth $85,621,000 after purchasing an additional 117,000 shares in the last quarter. Accident Compensation Corp increased its position in shares of HCA Holdings by 4.8% during the second quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock worth $3,819,000 after purchasing an additional 2,000 shares in the last quarter. Delta Lloyd Asset Management N.V. acquired a new position in shares of HCA Holdings during the second quarter worth $3,823,000. Northwestern Mutual Investment Management Company LLC increased its position in shares of HCA Holdings by 1,229.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock worth $59,753,000 after purchasing an additional 717,551 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in shares of HCA Holdings by 20.2% during the second quarter. CIBC World Markets Inc. now owns 279,121 shares of the company’s stock worth $24,339,000 after purchasing an additional 46,953 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $92.00 price target on shares of HCA Holdings in a research report on Wednesday, October 4th. Jefferies Group LLC cut their target price on HCA Holdings from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. ValuEngine raised HCA Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. KeyCorp reissued a “buy” rating and issued a $95.00 target price on shares of HCA Holdings in a research report on Thursday, September 7th. Finally, BidaskClub downgraded HCA Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. HCA Holdings has a consensus rating of “Buy” and an average price target of $89.95.
Shares of HCA Holdings, Inc. (NYSE:HCA) opened at $78.68 on Monday. The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.41 and a current ratio of 1.68. HCA Holdings, Inc. has a 12 month low of $68.02 and a 12 month high of $91.03. The stock has a market cap of $27,856.85, a PE ratio of 11.94, a PEG ratio of 1.16 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last posted its earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same period in the prior year, the company posted $1.45 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. research analysts predict that HCA Holdings, Inc. will post 6.55 earnings per share for the current year.
HCA Holdings declared that its Board of Directors has authorized a share buyback plan on Tuesday, October 31st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In other news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $78.00, for a total transaction of $167,700.00. Following the sale, the insider now directly owns 12,476 shares of the company’s stock, valued at approximately $973,128. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 6,450 shares of company stock worth $511,163. Corporate insiders own 2.90% of the company’s stock.
HCA Holdings Profile
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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