GSA Capital Partners LLP Takes Position in HCA Healthcare, Inc. $HCA

GSA Capital Partners LLP purchased a new stake in shares of HCA Healthcare, Inc. (NYSE:HCA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,459 shares of the company’s stock, valued at approximately $959,000.

A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of HCA Healthcare in the fourth quarter worth approximately $1,262,513,000. Life Cycle Investment Partners Ltd acquired a new position in HCA Healthcare in the 4th quarter valued at approximately $374,037,000. Viking Global Investors LP lifted its position in HCA Healthcare by 58.5% in the 2nd quarter. Viking Global Investors LP now owns 1,872,133 shares of the company’s stock worth $717,214,000 after buying an additional 690,773 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of HCA Healthcare by 4,545.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 663,337 shares of the company’s stock valued at $309,686,000 after acquiring an additional 649,058 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of HCA Healthcare by 5,941.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 381,433 shares of the company’s stock worth $180,509,000 after acquiring an additional 375,119 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HCA. Cantor Fitzgerald dropped their target price on HCA Healthcare from $588.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Truist Financial lowered their price target on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Wall Street Zen lowered shares of HCA Healthcare from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. KeyCorp dropped their price target on shares of HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating on the stock in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft set a $476.00 price objective on shares of HCA Healthcare in a research note on Monday, July 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $465.59.

HCA Healthcare Stock Performance

HCA opened at $412.27 on Wednesday. HCA Healthcare, Inc. has a twelve month low of $353.99 and a twelve month high of $556.52. The firm has a market cap of $89.26 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. The business has a 50 day moving average price of $395.07 and a 200 day moving average price of $445.35.

HCA Healthcare (NYSE:HCA) last issued its quarterly earnings data on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, topping analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The business had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.76 billion. During the same period in the previous year, the company earned $6.84 earnings per share. HCA Healthcare’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts anticipate that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.8%. HCA Healthcare’s payout ratio is presently 10.45%.

HCA Healthcare Company Profile

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.