HCA Holdings, Inc. (HCA) Position Raised by Los Angeles Capital Management & Equity Research Inc.
Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of HCA Holdings, Inc. (NYSE:HCA) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 298,606 shares of the company’s stock after purchasing an additional 18,444 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.08% of HCA Holdings worth $26,038,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Atlantic Trust Group LLC grew its stake in HCA Holdings by 4.3% during the second quarter. Atlantic Trust Group LLC now owns 216,073 shares of the company’s stock worth $18,841,000 after purchasing an additional 8,930 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in HCA Holdings by 1,229.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock worth $59,753,000 after purchasing an additional 717,551 shares during the period. Synovus Financial Corp grew its stake in HCA Holdings by 172.6% during the second quarter. Synovus Financial Corp now owns 2,290 shares of the company’s stock worth $200,000 after purchasing an additional 1,450 shares during the period. Banque Pictet & Cie SA grew its stake in HCA Holdings by 1.9% during the second quarter. Banque Pictet & Cie SA now owns 68,536 shares of the company’s stock worth $5,976,000 after purchasing an additional 1,301 shares during the period. Finally, Pictet & Cie Europe SA grew its stake in HCA Holdings by 32.2% during the second quarter. Pictet & Cie Europe SA now owns 9,677 shares of the company’s stock worth $844,000 after purchasing an additional 2,357 shares during the period. 73.77% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the company. 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 note on Thursday, July 13th. Argus assumed coverage on HCA Holdings in a research note on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective for the company. Morgan Stanley assumed coverage on HCA Holdings in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $90.00 price objective for the company. Citigroup Inc. reduced their price objective on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Finally, Bank of America Corporation cut HCA Holdings from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $92.81.
HCA Holdings, Inc. (NYSE HCA) opened at 77.28 on Thursday. HCA Holdings, Inc. has a 12 month low of $67.00 and a 12 month high of $91.03. The company’s 50 day moving average price is $79.72 and its 200 day moving average price is $83.89. The stock has a market cap of $27.92 billion, a PE ratio of 10.36 and a beta of 0.67.
HCA Holdings (NYSE:HCA) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by $0.05. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. HCA Holdings’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 earnings per share. Equities analysts forecast that HCA Holdings, Inc. will post $7.18 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/07/hca-holdings-inc-hca-position-raised-by-los-angeles-capital-management-equity-research-inc.html.
In other news, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total transaction of $171,742.00. Following the transaction, the insider now directly owns 12,363 shares of the company’s stock, valued at approximately $987,556.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan B. Perlin sold 71,063 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $86.00, for a total value of $6,111,418.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,513 shares of company stock worth $6,651,455 over the last three months. Insiders own 2.90% of the company’s stock.
About HCA Holdings
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.
Receive News & Stock Ratings for HCA Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCA Holdings Inc. and related stocks with our FREE daily email newsletter.