WestEnd Advisors LLC Reduces Position in HCA Holdings Inc. (HCA)
WestEnd Advisors LLC decreased its position in shares of HCA Holdings Inc. (NYSE:HCA) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,199,295 shares of the company’s stock after selling 227,782 shares during the period. HCA Holdings makes up about 4.9% of WestEnd Advisors LLC’s holdings, making the stock its 15th largest position. WestEnd Advisors LLC owned approximately 0.30% of HCA Holdings worth $92,358,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. bought a new stake in HCA Holdings during the first quarter valued at about $148,000. Invictus RG raised its stake in shares of HCA Holdings by 21.9% in the first quarter. Invictus RG now owns 2,156 shares of the company’s stock worth $168,000 after buying an additional 388 shares in the last quarter. Bremer Trust National Association acquired a new stake in shares of HCA Holdings during the second quarter worth about $239,000. Parametrica Management Ltd acquired a new stake in shares of HCA Holdings during the second quarter worth about $273,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of HCA Holdings by 18.7% in the second quarter. Rehmann Capital Advisory Group now owns 3,682 shares of the company’s stock worth $284,000 after buying an additional 579 shares in the last quarter. 72.82% of the stock is owned by institutional investors.
Shares of HCA Holdings Inc. (NYSE:HCA) traded up 2.03% during mid-day trading on Tuesday, reaching $82.02. The company’s stock had a trading volume of 2,521,543 shares. The stock has a market capitalization of $31.06 billion, a price-to-earnings ratio of 14.21 and a beta of 0.89. HCA Holdings Inc. has a 52 week low of $60.07 and a 52 week high of $83.69. The company’s 50-day moving average is $76.08 and its 200-day moving average is $77.66.
HCA Holdings (NYSE:HCA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. HCA Holdings had a negative return on equity of 42.19% and a net margin of 5.75%. The business had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.49 billion. During the same quarter in the prior year, the company earned $1.37 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Equities analysts predict that HCA Holdings Inc. will post $6.58 EPS for the current year.
HCA has been the subject of a number of research analyst reports. Jefferies Group reissued a “buy” rating on shares of HCA Holdings in a research note on Wednesday, August 10th. Zacks Investment Research raised HCA Holdings from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, July 5th. Credit Suisse Group AG reissued a “buy” rating and set a $87.00 price target on shares of HCA Holdings in a research note on Friday, July 29th. KeyCorp raised HCA Holdings from a “sector weight” rating to an “overweight” rating and set a $94.00 price target for the company in a research note on Thursday, October 13th. Finally, Citigroup Inc. decreased their price target on HCA Holdings from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. HCA Holdings has a consensus rating of “Buy” and an average target price of $87.20.
About HCA Holdings
HCA Holdings, Inc is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers.
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