AM Investment Strategies LLC Has $1.80 Million Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

AM Investment Strategies LLC increased its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,236 shares of the company’s stock after acquiring an additional 3,254 shares during the quarter. AM Investment Strategies LLC’s holdings in GE HealthCare Technologies were worth $1,797,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. First Command Advisory Services Inc. raised its stake in shares of GE HealthCare Technologies by 36,900.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after purchasing an additional 369 shares during the period. Legacy Financial Group LLC acquired a new stake in shares of GE HealthCare Technologies in the 3rd quarter valued at about $26,000. OFI Invest Asset Management acquired a new stake in shares of GE HealthCare Technologies in the 3rd quarter valued at about $26,000. ORG Partners LLC raised its stake in shares of GE HealthCare Technologies by 174.2% in the 3rd quarter. ORG Partners LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 270 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of GE HealthCare Technologies in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 82.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GEHC shares. Argus lifted their price target on GE HealthCare Technologies from $80.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Citigroup lifted their price target on GE HealthCare Technologies from $88.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Mizuho lifted their target price on GE HealthCare Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. UBS Group raised GE HealthCare Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the company from $66.00 to $88.00 in a research report on Monday, February 12th. Finally, HSBC assumed coverage on GE HealthCare Technologies in a research report on Thursday, February 15th. They issued a “buy” rating and a $100.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $95.09.

GE HealthCare Technologies Stock Performance

GE HealthCare Technologies stock traded down $0.77 during midday trading on Thursday, reaching $85.95. 1,362,869 shares of the company’s stock were exchanged, compared to its average volume of 3,316,483. GE HealthCare Technologies Inc. has a 52 week low of $62.35 and a 52 week high of $94.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 1.05. The firm has a market cap of $39.22 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 3.00 and a beta of 0.94. The stock’s 50-day simple moving average is $88.91 and its 200 day simple moving average is $78.32.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.09 billion. During the same quarter last year, the company posted $1.31 earnings per share. GE HealthCare Technologies’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that GE HealthCare Technologies Inc. will post 4.3 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Thursday, April 18th. GE HealthCare Technologies’s dividend payout ratio is presently 3.97%.

GE HealthCare Technologies Company Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.