HCA Holdings, Inc. (NYSE:HCA) Lowered to “Neutral” at Bank of America Corporation
Bank of America Corporation downgraded shares of HCA Holdings, Inc. (NYSE:HCA) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has $92.00 target price on the stock, down from their previous target price of $102.00.
Other research analysts have also recently issued research reports about the company. BidaskClub cut HCA Holdings from a hold rating to a sell rating in a report on Monday, July 24th. Leerink Swann upgraded HCA Holdings from a market perform rating to an outperform rating and lifted their target price for the company from $92.00 to $100.00 in a report on Tuesday, June 6th. Argus assumed coverage on HCA Holdings in a report on Wednesday, June 28th. They issued a buy rating and a $100.00 target price on the stock. Zacks Investment Research cut HCA Holdings from a buy rating to a hold rating in a report on Tuesday, April 18th. Finally, Morgan Stanley assumed coverage on HCA Holdings in a report on Tuesday, June 6th. They issued an equal weight rating and a $90.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of Buy and an average target price of $93.50.
HCA Holdings (NYSE HCA) opened at 80.44 on Wednesday. The firm has a market cap of $30.19 billion, a price-to-earnings ratio of 10.78 and a beta of 0.69. HCA Holdings has a 1-year low of $67.00 and a 1-year high of $91.03. The company’s 50-day moving average price is $85.18 and its 200 day moving average price is $84.41.
HCA Holdings (NYSE:HCA) last issued its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. During the same quarter in the previous year, the business posted $1.66 EPS. HCA Holdings’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that HCA Holdings will post $7.24 earnings per share for the current fiscal year.
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In related news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $86.44, for a total value of $185,846.00. Following the transaction, the insider now owns 12,363 shares in the company, valued at $1,068,657.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert A. Waterman sold 246,000 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $83.12, for a total value of $20,447,520.00. Following the completion of the transaction, the senior vice president now owns 392,252 shares in the company, valued at approximately $32,603,986.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 397,424 shares of company stock worth $33,234,810. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in HCA Holdings by 2,549.4% in the first quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock valued at $1,788,682,000 after buying an additional 19,341,168 shares during the period. Vanguard Group Inc. boosted its position in HCA Holdings by 1.9% in the first quarter. Vanguard Group Inc. now owns 19,576,992 shares of the company’s stock valued at $1,742,157,000 after buying an additional 361,027 shares during the period. State Street Corp boosted its position in HCA Holdings by 2.2% in the first quarter. State Street Corp now owns 13,217,212 shares of the company’s stock valued at $1,176,199,000 after buying an additional 290,636 shares during the period. Harris Associates L P boosted its position in HCA Holdings by 0.9% in the first quarter. Harris Associates L P now owns 12,214,476 shares of the company’s stock valued at $1,086,966,000 after buying an additional 105,317 shares during the period. Finally, Longview Partners Guernsey LTD boosted its position in HCA Holdings by 4.8% in the second quarter. Longview Partners Guernsey LTD now owns 9,081,454 shares of the company’s stock valued at $791,903,000 after buying an additional 414,598 shares during the period. Institutional investors and hedge funds own 74.48% of the company’s stock.
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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