California State Teachers Retirement System trimmed its holdings in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,840 shares of the company’s stock after selling 2,225 shares during the period. California State Teachers Retirement System owned about 0.13% of National HealthCare worth $1,392,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of National HealthCare by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock worth $3,929,000 after purchasing an additional 904 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of National HealthCare during the second quarter worth $870,000. Sei Investments Co. lifted its position in shares of National HealthCare by 70.8% during the second quarter. Sei Investments Co. now owns 4,121 shares of the company’s stock worth $289,000 after purchasing an additional 1,708 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of National HealthCare during the second quarter worth $242,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of National HealthCare by 0.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,843 shares of the company’s stock worth $3,146,000 after purchasing an additional 356 shares in the last quarter.

In related news, Director James Paul Abernathy sold 800 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $64.00, for a total value of $51,200.00. Following the sale, the director now directly owns 23,478 shares of the company’s stock, valued at $1,502,592. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Russell Smith sold 1,848 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $62.78, for a total transaction of $116,017.44. Following the completion of the sale, the senior vice president now directly owns 3,111 shares in the company, valued at $195,308.58. The disclosure for this sale can be found here.

A number of research analysts have recently commented on NHC shares. ValuEngine cut shares of National HealthCare from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. BidaskClub cut shares of National HealthCare from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 7th.

Shares of National HealthCare Co. (NYSEAMERICAN:NHC) opened at $64.34 on Tuesday. National HealthCare Co. has a twelve month low of $57.73 and a twelve month high of $78.99.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.75 earnings per share (EPS) for the quarter. The firm had revenue of $241.99 million for the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, December 29th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 annualized dividend and a yield of 2.98%. National HealthCare’s dividend payout ratio is presently 60.00%.

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National HealthCare Company Profile

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.

Institutional Ownership by Quarter for National HealthCare (NYSEAMERICAN:NHC)

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