HCA Holdings, Inc. (HCA) Bonds Trading 2.3% Lower
An issue of HCA Holdings, Inc. (NYSE:HCA) debt fell 2.3% against its face value during trading on Tuesday. The debt issue has a 5.375% coupon and is set to mature on February 1, 2025. The bonds in the issue are now trading at $105.25 and were trading at $104.88 one week ago. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.
Several brokerages recently weighed in on HCA. BidaskClub lowered HCA Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered HCA Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Citigroup Inc. cut their target price on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Leerink Swann raised HCA Holdings from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $92.00 to $100.00 in a research report on Tuesday, June 6th. Finally, Argus cut their target price on HCA Holdings from $100.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. HCA Holdings has an average rating of “Buy” and a consensus target price of $92.81.
Shares of HCA Holdings, Inc. (HCA) opened at 77.39 on Thursday. HCA Holdings, Inc. has a one year low of $67.00 and a one year high of $91.03. The firm has a market capitalization of $27.96 billion, a P/E ratio of 10.37 and a beta of 0.67. The company has a 50-day moving average price of $81.48 and a 200 day moving average price of $84.16.
HCA Holdings (NYSE:HCA) last posted its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 EPS. Analysts expect that HCA Holdings, Inc. will post $7.18 earnings per share for the current fiscal year.
In other news, insider Jonathan B. Perlin sold 71,063 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $86.00, for a total transaction of $6,111,418.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total transaction of $171,742.00. Following the sale, the insider now owns 12,363 shares of the company’s stock, valued at approximately $987,556.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,513 shares of company stock valued at $6,651,455. 2.90% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of HCA. 361 Capital LLC boosted its stake in HCA Holdings by 18.8% in the first quarter. 361 Capital LLC now owns 55,570 shares of the company’s stock worth $4,945,000 after buying an additional 8,810 shares in the last quarter. LSV Asset Management boosted its stake in shares of HCA Holdings by 6.6% in the first quarter. LSV Asset Management now owns 3,704,649 shares of the company’s stock valued at $329,676,000 after buying an additional 230,796 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of HCA Holdings by 2.8% in the first quarter. Eqis Capital Management Inc. now owns 3,800 shares of the company’s stock valued at $338,000 after buying an additional 103 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of HCA Holdings by 21.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 10,267 shares of the company’s stock valued at $914,000 after buying an additional 1,827 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of HCA Holdings by 3.8% in the first quarter. Great West Life Assurance Co. Can now owns 557,679 shares of the company’s stock valued at $49,610,000 after buying an additional 20,321 shares during the period. Institutional investors own 73.76% of the company’s stock.
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About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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