National HealthCare (NYSEAMERICAN:NHC) Stock Rating Upgraded by Royal Bank Of Canada

National HealthCare (NYSEAMERICAN:NHC) was upgraded by stock analysts at Royal Bank Of Canada to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages have also weighed in on NHC. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research note on Monday. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday. Finally, Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, National HealthCare has a consensus rating of “Buy”.

National HealthCare Price Performance

Shares of NHC stock opened at $196.30 on Monday. The firm has a market cap of $3.07 billion, a PE ratio of 24.94 and a beta of 0.64. The company has a 50-day moving average of $168.98 and a two-hundred day moving average of $151.30. National HealthCare has a 1-year low of $93.54 and a 1-year high of $199.62.

National HealthCare (NYSEAMERICAN:NHC) last announced its earnings results on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. The company had revenue of $381.82 million during the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. boosted its stake in shares of National HealthCare by 19.9% in the third quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock valued at $21,386,000 after purchasing an additional 29,246 shares during the period. Vest Financial LLC purchased a new position in shares of National HealthCare in the third quarter valued at approximately $1,529,000. M Holdings Securities Inc. purchased a new position in shares of National HealthCare in the third quarter valued at approximately $56,283,000. Allspring Global Investments Holdings LLC raised its holdings in National HealthCare by 21.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 58,466 shares of the company’s stock valued at $7,625,000 after acquiring an additional 10,170 shares in the last quarter. Finally, Strs Ohio acquired a new stake in National HealthCare in the fourth quarter valued at approximately $809,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.