HCA Holdings, Inc. (HCA) Rating Lowered to Market Perform at Raymond James Financial, Inc.
HCA Holdings, Inc. (NYSE:HCA) was downgraded by equities researchers at Raymond James Financial, Inc. from a “strong-buy” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday.
Other research analysts have also recently issued reports about the company. Argus decreased their price objective on HCA Holdings from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, August 14th. Zacks Investment Research upgraded HCA Holdings from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Thursday, July 13th. Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a report on Wednesday, September 6th. KeyCorp reissued a “buy” rating and issued a $95.00 target price on shares of HCA Holdings in a research report on Thursday, September 7th. Finally, Robert W. Baird reissued a “buy” rating on shares of HCA Holdings in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $91.25.
Shares of HCA Holdings (NYSE:HCA) opened at 79.79 on Wednesday. The company has a market capitalization of $28.82 billion, a price-to-earnings ratio of 10.70 and a beta of 0.62. HCA Holdings has a 1-year low of $67.00 and a 1-year high of $91.03. The stock has a 50 day moving average price of $77.58 and a 200 day moving average price of $81.94.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that HCA Holdings will post $7.05 EPS for the current fiscal year.
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In related news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total value of $171,742.00. Following the transaction, the insider now owns 12,363 shares of the company’s stock, valued at $987,556.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 6,450 shares of company stock worth $511,163 in the last three months. 2.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Ardsley Advisory Partners purchased a new position in HCA Holdings in the second quarter valued at $436,000. Paulson & CO. Inc. purchased a new position in HCA Holdings in the second quarter valued at $7,848,000. Achmea Investment Management B.V. increased its holdings in HCA Holdings by 36.4% in the second quarter. Achmea Investment Management B.V. now owns 53,365 shares of the company’s stock valued at $4,651,000 after buying an additional 14,234 shares during the last quarter. Atlantic Trust LLC purchased a new position in HCA Holdings in the second quarter valued at $118,000. Finally, Toronto Dominion Bank increased its holdings in HCA Holdings by 23.5% in the second quarter. Toronto Dominion Bank now owns 99,913 shares of the company’s stock valued at $8,710,000 after buying an additional 19,038 shares during the last quarter. 73.76% of the stock is currently owned by hedge funds and other institutional investors.
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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