Hsbc Holdings PLC Invests $13.26 Million in Ramsay Health Care Limited $RMSYF

Hsbc Holdings PLC purchased a new position in shares of Ramsay Health Care Limited (OTCMKTS:RMSYF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 676,554 shares of the company’s stock, valued at approximately $13,261,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Avalon Trust Co bought a new position in Ramsay Health Care during the 2nd quarter worth approximately $36,000. GSA Capital Partners LLP bought a new stake in Ramsay Health Care in the second quarter valued at approximately $417,000. Bank of New York Mellon Corp acquired a new stake in Ramsay Health Care in the second quarter worth $63,202,000. Global Retirement Partners LLC acquired a new stake in Ramsay Health Care during the 2nd quarter worth $128,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ramsay Health Care during the second quarter worth about $4,231,000. Institutional investors and hedge funds own 13.17% of the company’s stock.

Ramsay Health Care Stock Performance

Shares of Ramsay Health Care stock opened at $29.58 on Friday. The business’s 50 day moving average is $29.22 and its 200-day moving average is $26.43. Ramsay Health Care Limited has a 12-month low of $24.61 and a 12-month high of $30.00.

Analyst Ratings Changes

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

Ramsay Health Care Company 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.