New Mexico Educational Retirement Board Has $2.14 Million Position in HCA Holdings, Inc. (NYSE:HCA)
New Mexico Educational Retirement Board reduced its position in shares of HCA Holdings, Inc. (NYSE:HCA) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,600 shares of the company’s stock after selling 2,700 shares during the period. New Mexico Educational Retirement Board’s holdings in HCA Holdings were worth $2,137,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lee Financial Co bought a new position in shares of HCA Holdings during the second quarter worth about $125,000. IFP Advisors Inc increased its position in shares of HCA Holdings by 9.4% in the first quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock worth $143,000 after buying an additional 138 shares in the last quarter. Global X Management Co. LLC increased its position in shares of HCA Holdings by 29.9% in the first quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock worth $192,000 after buying an additional 498 shares in the last quarter. Peak Asset Management LLC bought a new position in shares of HCA Holdings during the first quarter worth about $201,000. Finally, Ifrah Financial Services Inc. bought a new position in shares of HCA Holdings during the first quarter worth about $210,000. Institutional investors and hedge funds own 74.54% of the company’s stock.
Shares of HCA Holdings, Inc. (NYSE HCA) opened at 77.81 on Friday. The firm’s 50-day moving average price is $83.76 and its 200-day moving average price is $84.33. The firm has a market cap of $28.11 billion, a PE ratio of 10.43 and a beta of 0.67. HCA Holdings, Inc. has a 12 month low of $67.00 and a 12 month high of $91.03.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the 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 company 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 earned $1.66 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Analysts expect that HCA Holdings, Inc. will post $7.17 earnings per share for the current year.
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A number of research analysts have recently issued reports on HCA shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a report on Monday, April 17th. Zacks Investment Research raised HCA Holdings from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Thursday, July 13th. Argus assumed coverage on HCA Holdings in a research report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective for the company. Morgan Stanley reissued an “equal weight” rating and issued a $88.00 price objective (down previously from $90.00) on shares of HCA Holdings in a research report on Wednesday, July 26th. Finally, Citigroup Inc. lowered their price objective on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $93.50.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $84.52, for a total value of $181,718.00. Following the completion of the transaction, the insider now owns 12,254 shares in the company, valued at $1,035,708.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sandra L. Morgan sold 5,915 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $82.74, for a total transaction of $489,407.10. Following the completion of the transaction, the senior vice president now owns 2,420 shares of the company’s stock, valued at approximately $200,230.80. The disclosure for this sale can be found here. Insiders sold 138,117 shares of company stock valued at $11,654,477 in the last 90 days. 2.90% of the stock is currently owned by insiders.
HCA Holdings Company Profile
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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