National HealthCare Co. (NYSEMKT:NHC) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Shares of National HealthCare (NYSEMKT NHC) opened at 64.28 on Tuesday. National HealthCare has a 52 week low of $57.73 and a 52 week high of $78.99. The firm has a market capitalization of $976.73 million, a PE ratio of 20.21 and a beta of 0.91. The firm’s 50-day moving average is $63.45 and its 200 day moving average is $69.48.

National HealthCare (NYSEMKT:NHC) last announced its earnings results on Friday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter. The business had revenue of $239.46 million for the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. On average, equities analysts forecast that National HealthCare will post $2.54 earnings per share for the current year.

National HealthCare announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 9th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of National HealthCare by 2.5% during the second quarter. Vanguard Group Inc. now owns 889,216 shares of the company’s stock worth $62,369,000 after purchasing an additional 21,666 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of National HealthCare by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 529,847 shares of the company’s stock worth $37,164,000 after purchasing an additional 28,157 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of National HealthCare by 17.5% during the second quarter. Renaissance Technologies LLC now owns 422,500 shares of the company’s stock worth $29,634,000 after purchasing an additional 63,074 shares during the period. State Street Corp lifted its holdings in shares of National HealthCare by 6.4% during the second quarter. State Street Corp now owns 283,960 shares of the company’s stock worth $19,913,000 after purchasing an additional 17,106 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of National HealthCare by 10.4% during the second quarter. Northern Trust Corp now owns 242,824 shares of the company’s stock worth $17,032,000 after purchasing an additional 22,947 shares during the period.

About National HealthCare

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.

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