HCA Holdings Inc. (HCA) Debt Trading 4% Lower Insider Trade
An issue of HCA Holdings Inc. (NYSE:HCA) bonds fell 4% against their face value during trading on Thursday following insider selling activity. The debt issue has a 5.875% coupon and will mature on February 15, 2026. The debt is now trading at $100.00 and was trading at $104.75 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price. Specifically, SVP P. Martin Paslick sold 36,004 shares of HCA Holdings stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $78.79, for a total transaction of $2,836,755.16. Following the transaction, the senior vice president now owns 35,894 shares of the company’s stock, valued at approximately $2,828,088.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $79.41, for a total transaction of $170,731.50. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
HCA has been the subject of several research analyst reports. Credit Suisse Group AG restated a “buy” rating and set a $87.00 price target on shares of HCA Holdings in a research note on Friday, July 29th. Zacks Investment Research lowered shares of HCA Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Avondale Partners lowered shares of HCA Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Jefferies Group restated a “buy” rating on shares of HCA Holdings in a research note on Wednesday, August 10th. Finally, Citigroup Inc. decreased their price target on shares of HCA Holdings from $86.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. HCA Holdings presently has an average rating of “Buy” and an average target price of $87.80.
The company’s 50-day moving average is $77.15 and its 200 day moving average is $77.48. The stock has a market capitalization of $27.00 billion, a PE ratio of 11.41 and a beta of 0.79.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.19. The firm earned $10.27 billion during the quarter, compared to analysts’ expectations of $10.41 billion. HCA Holdings had a net margin of 6.10% and a negative return on equity of 43.65%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 earnings per share. On average, analysts predict that HCA Holdings Inc. will post $6.72 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Clear Harbor Asset Management LLC bought a new position in HCA Holdings during the first quarter valued at $488,000. Iguana Healthcare Management LLC bought a new position in HCA Holdings during the first quarter valued at $7,563,000. Babson Capital Management LLC boosted its position in HCA Holdings by 174.6% in the first quarter. Babson Capital Management LLC now owns 56,300 shares of the company’s stock valued at $4,394,000 after buying an additional 35,800 shares during the last quarter. Eachwin Capital LP bought a new position in HCA Holdings during the first quarter valued at $550,000. Finally, Stonerise Capital Management LLC boosted its position in HCA Holdings by 188.9% in the first quarter. Stonerise Capital Management LLC now owns 260,000 shares of the company’s stock valued at $20,293,000 after buying an additional 170,000 shares during the last quarter. 72.98% of the stock is owned by hedge funds and other institutional investors.
HCA Holdings Company Profile
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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