Investors Buy Shares of HCA (HCA) on Weakness
Traders purchased shares of HCA Holdings, Inc. (NYSE:HCA) on weakness during trading on Friday. $44.97 million flowed into the stock on the tick-up and $29.35 million flowed out of the stock on the tick-down, for a money net flow of $15.62 million into the stock. Of all equities tracked, HCA had the 28th highest net in-flow for the day. HCA traded down ($0.22) for the day and closed at $84.84
A number of analysts have issued reports on HCA shares. Robert W. Baird reduced their price objective on HCA from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 22nd. ValuEngine cut HCA from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. BMO Capital Markets started coverage on HCA in a report on Monday, October 16th. They issued an “outperform” rating and a $90.00 target price for the company. KeyCorp reiterated an “overweight” rating and issued a $90.00 target price (down previously from $95.00) on shares of HCA in a report on Thursday, October 19th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 target price on shares of HCA in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. HCA presently has an average rating of “Buy” and a consensus price target of $90.20.
The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.41 and a current ratio of 1.68. The firm has a market capitalization of $30,037.86, a price-to-earnings ratio of 12.87, a PEG ratio of 1.25 and a beta of 0.56.
HCA (NYSE:HCA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.21. HCA had a negative return on equity of 47.16% and a net margin of 6.13%. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.70 billion. During the same quarter in the previous year, the business earned $1.45 EPS. HCA’s revenue was up 4.1% compared to the same quarter last year. sell-side analysts anticipate that HCA Holdings, Inc. will post 6.56 earnings per share for the current year.
In related news, SVP Victor L. Campbell sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $78.00, for a total transaction of $624,000.00. Following the completion of the transaction, the senior vice president now owns 127,275 shares in the company, valued at approximately $9,927,450. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $78.00, for a total value of $167,700.00. Following the transaction, the insider now owns 12,476 shares of the company’s stock, valued at approximately $973,128. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,450 shares of company stock valued at $1,737,681. 2.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HCA. Strs Ohio raised its position in HCA by 12.2% during the 3rd quarter. Strs Ohio now owns 1,075,778 shares of the company’s stock valued at $85,621,000 after purchasing an additional 117,000 shares in the last quarter. Micawber Capital LLC raised its position in HCA by 31.3% during the 3rd quarter. Micawber Capital LLC now owns 34,461 shares of the company’s stock valued at $2,743,000 after purchasing an additional 8,205 shares in the last quarter. Toronto Dominion Bank raised its position in HCA by 12.8% during the 3rd quarter. Toronto Dominion Bank now owns 112,657 shares of the company’s stock valued at $8,965,000 after purchasing an additional 12,744 shares in the last quarter. American Century Companies Inc. raised its position in HCA by 49.5% during the 3rd quarter. American Century Companies Inc. now owns 2,558,216 shares of the company’s stock valued at $203,608,000 after purchasing an additional 847,377 shares in the last quarter. Finally, Accident Compensation Corp raised its position in HCA by 4.8% during the 2nd quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock valued at $3,819,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 75.35% of the company’s stock.
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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