Northern Trust Corp Sells 129,590 Shares of HCA Holdings, Inc. (HCA)
Northern Trust Corp lessened its holdings in HCA Holdings, Inc. (NYSE:HCA) by 3.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,318,447 shares of the company’s stock after selling 129,590 shares during the quarter. Northern Trust Corp owned about 0.90% of HCA Holdings worth $289,369,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. grew its holdings in HCA Holdings by 2,549.4% in the first quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock worth $1,788,682,000 after purchasing an additional 19,341,168 shares during the period. Vanguard Group Inc. grew its holdings in HCA Holdings by 1.9% in the first quarter. Vanguard Group Inc. now owns 19,576,992 shares of the company’s stock worth $1,742,157,000 after purchasing an additional 361,027 shares during the period. State Street Corp grew its holdings in HCA Holdings by 2.2% in the first quarter. State Street Corp now owns 13,217,212 shares of the company’s stock worth $1,176,199,000 after purchasing an additional 290,636 shares during the period. Longview Partners Guernsey LTD grew its holdings 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 worth $791,903,000 after purchasing an additional 414,598 shares during the period. Finally, FMR LLC grew its holdings in HCA Holdings by 15.8% in the first quarter. FMR LLC now owns 7,763,884 shares of the company’s stock worth $690,908,000 after purchasing an additional 1,059,925 shares during the period. Institutional investors and hedge funds own 73.75% of the company’s stock.
Shares of HCA Holdings, Inc. (NYSE HCA) traded up 0.35% on Friday, reaching $77.92. 93,348 shares of the company were exchanged. HCA Holdings, Inc. has a 52 week low of $67.00 and a 52 week high of $91.03. The firm’s 50 day moving average price is $78.44 and its 200 day moving average price is $83.29. The stock has a market capitalization of $28.15 billion, a price-to-earnings ratio of 10.45 and a beta of 0.67.
HCA Holdings (NYSE:HCA) last announced 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). The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. Equities research analysts anticipate that HCA Holdings, Inc. will post $7.19 EPS for the current year.
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In related news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total value of $171,742.00. Following the completion of the sale, the insider now directly owns 12,363 shares of the company’s stock, valued at approximately $987,556.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 6,450 shares of company stock valued at $529,309. Company insiders own 2.90% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub cut shares of HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Argus assumed coverage on shares of HCA Holdings in a report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective on the stock. Leerink Swann upgraded shares of HCA Holdings from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $92.00 to $100.00 in a report on Tuesday, June 6th. Finally, Morgan Stanley assumed coverage on shares of HCA Holdings in a report on Tuesday, June 6th. They issued an “equal weight” rating and a $90.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. HCA Holdings has an average rating of “Buy” and a consensus price target of $92.88.
HCA Holdings 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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