Metropolitan Life Insurance Co. NY lessened its position in HCA Healthcare Inc (NYSE:HCA) by 67.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,439 shares of the company’s stock after selling 93,493 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in HCA Healthcare were worth $3,904,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vident Investment Advisory LLC lifted its position in shares of HCA Healthcare by 3.3% in the fourth quarter. Vident Investment Advisory LLC now owns 48,687 shares of the company’s stock valued at $4,277,000 after acquiring an additional 1,561 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of HCA Healthcare in the fourth quarter valued at approximately $205,000. Millennium Management LLC lifted its position in shares of HCA Healthcare by 1,630.4% in the fourth quarter. Millennium Management LLC now owns 105,417 shares of the company’s stock valued at $9,260,000 after acquiring an additional 99,325 shares in the last quarter. Sciencast Management LP purchased a new position in shares of HCA Healthcare in the fourth quarter valued at approximately $331,000. Finally, Meadow Creek Investment Management LLC lifted its position in shares of HCA Healthcare by 56.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 44,828 shares of the company’s stock valued at $3,937,000 after acquiring an additional 16,212 shares in the last quarter. Institutional investors and hedge funds own 73.45% of the company’s stock.
In other news, insider Charles J. Hall sold 49,882 shares of HCA Healthcare stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $101.29, for a total value of $5,052,547.78. Following the completion of the sale, the insider now directly owns 62,048 shares of the company’s stock, valued at $6,284,841.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joseph A. Sowell III sold 58,175 shares of HCA Healthcare stock in a transaction on Friday, January 26th. The shares were sold at an average price of $95.00, for a total value of $5,526,625.00. Following the completion of the sale, the senior vice president now directly owns 40,536 shares of the company’s stock, valued at $3,850,920. The disclosure for this sale can be found here. In the last three months, insiders have sold 479,918 shares of company stock valued at $48,186,093. 2.90% of the stock is owned by insiders.
Shares of HCA Healthcare Inc (NYSE HCA) opened at $102.66 on Tuesday. The company has a debt-to-equity ratio of -6.58, a quick ratio of 1.36 and a current ratio of 1.62. The stock has a market capitalization of $35,959.61, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.03 and a beta of 0.49. HCA Healthcare Inc has a one year low of $71.18 and a one year high of $106.84.
HCA Healthcare (NYSE:HCA) last posted its earnings results on Tuesday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.25. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.19 billion. HCA Healthcare had a negative return on equity of 49.49% and a net margin of 4.89%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. equities analysts expect that HCA Healthcare Inc will post 8.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.40 annualized dividend and a yield of 1.36%. HCA Healthcare’s dividend payout ratio (DPR) is 23.57%.
Several research firms have recently weighed in on HCA. Wells Fargo began coverage on HCA Healthcare in a research report on Tuesday, January 30th. They issued an “outperform” rating and a $116.00 target price on the stock. SunTrust Banks set a $105.00 price objective on HCA Healthcare and gave the stock a “buy” rating in a research report on Thursday, December 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $116.00 price objective (up previously from $105.00) on shares of HCA Healthcare in a research report on Thursday, February 1st. Argus set a $97.00 price objective on HCA Healthcare and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $101.00 price objective on shares of HCA Healthcare in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. HCA Healthcare has an average rating of “Buy” and a consensus target price of $104.50.
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HCA Healthcare 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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