Pictet Asset Management Ltd. Purchases 75,237 Shares of HCA Holdings, Inc. (HCA)
Pictet Asset Management Ltd. raised its position in HCA Holdings, Inc. (NYSE:HCA) by 27.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,715 shares of the company’s stock after purchasing an additional 75,237 shares during the quarter. Pictet Asset Management Ltd. owned 0.10% of HCA Holdings worth $27,913,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HCA. Northwestern Mutual Wealth Management Co. increased its position in shares of HCA Holdings by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock valued at $101,000 after acquiring an additional 143 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of HCA Holdings by 35.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock valued at $107,000 after acquiring an additional 320 shares during the last quarter. Atlantic Trust LLC acquired a new stake in shares of HCA Holdings in the second quarter valued at about $118,000. Lee Financial Co acquired a new stake in shares of HCA Holdings in the second quarter valued at about $125,000. Finally, Acrospire Investment Management LLC increased its position in shares of HCA Holdings by 14.3% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock valued at $140,000 after acquiring an additional 200 shares during the last quarter. 74.65% of the stock is currently owned by hedge funds and other institutional investors.
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A number of analysts recently issued reports on HCA shares. Robert W. Baird reaffirmed a “buy” rating on shares of HCA Holdings in a research report on Thursday, September 28th. Zacks Investment Research downgraded HCA Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $92.00 target price on shares of HCA Holdings in a research report on Wednesday, October 4th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 target price on shares of HCA Holdings in a research report on Friday, October 13th. Finally, Raymond James Financial, Inc. downgraded HCA Holdings from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. HCA Holdings currently has a consensus rating of “Buy” and a consensus target price of $90.24.
In related news, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total transaction of $171,742.00. Following the completion of the sale, the insider now owns 12,363 shares in the company, valued at approximately $987,556.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 6,450 shares of company stock valued at $511,163. Company insiders own 2.90% of the company’s stock.
Shares of HCA Holdings, Inc. (NYSE HCA) opened at $76.43 on Friday. The company has a debt-to-equity ratio of -6.46, a current ratio of 1.68 and a quick ratio of 1.35. The firm has a market capitalization of $27.61 billion, a PE ratio of 11.60, a P/E/G ratio of 1.11 and a beta of 0.50.
HCA Holdings (NYSE:HCA) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.70 billion. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. HCA Holdings’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. equities analysts forecast that HCA Holdings, Inc. will post 6.62 earnings per share for the current fiscal year.
HCA Holdings declared that its board has authorized a stock repurchase plan on Tuesday, October 31st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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