Cantor Fitzgerald Reiterates Buy Rating for HCA Holdings, Inc. (HCA)
A number of other equities analysts have also recently commented on the company. Argus started coverage on HCA Holdings in a report on Wednesday, June 28th. They set a buy rating and a $100.00 target price for the company. BidaskClub cut HCA Holdings from a hold rating to a sell rating in a report on Monday, July 24th. Bank of America Corporation cut HCA Holdings from a buy rating to a neutral rating and decreased their price objective for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. Morgan Stanley initiated 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. Finally, Zacks Investment Research cut HCA Holdings from a buy rating to a hold rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. HCA Holdings currently has a consensus rating of Buy and an average target price of $92.88.
HCA Holdings (NYSE:HCA) opened at 77.05 on Wednesday. The company has a market capitalization of $27.83 billion, a P/E ratio of 10.33 and a beta of 0.67. HCA Holdings has a one year low of $67.00 and a one year high of $91.03. The firm has a 50-day moving average of $79.21 and a 200-day moving average of $83.78.
HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that HCA Holdings will post $7.19 earnings per share for the current year.
In other news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $84.86, for a total transaction of $182,449.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan B. Perlin sold 71,063 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was 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 in the last three months. Corporate insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HCA. Northwestern Mutual Wealth Management Co. increased its position in HCA Holdings by 14.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock worth $101,000 after buying an additional 143 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in HCA Holdings by 35.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock worth $107,000 after buying an additional 320 shares during the period. Atlantic Trust LLC acquired a new position in HCA Holdings during the second quarter worth approximately $118,000. Lee Financial Co acquired a new position in HCA Holdings during the second quarter worth approximately $125,000. Finally, Acrospire Investment Management LLC increased its position in HCA Holdings by 14.3% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock worth $140,000 after buying an additional 200 shares during the period. 73.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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