Brant Point Investment Management LLC Has $3.91 Million Holdings in HCA Holdings, Inc. (HCA)
Brant Point Investment Management LLC raised its position in HCA Holdings, Inc. (NYSE:HCA) by 202.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,800 shares of the company’s stock after acquiring an additional 30,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in HCA Holdings were worth $3,907,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its position in shares of HCA Holdings by 178.5% in the first quarter. Gotham Asset Management LLC now owns 325,689 shares of the company’s stock valued at $28,983,000 after acquiring an additional 208,745 shares during the period. Focused Wealth Management Inc increased its position in shares of HCA Holdings by 52.6% in the first quarter. Focused Wealth Management Inc now owns 2,900 shares of the company’s stock valued at $258,000 after acquiring an additional 1,000 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of HCA Holdings in the first quarter valued at about $6,109,000. Delta Lloyd Asset Management N.V. purchased a new position in shares of HCA Holdings in the second quarter valued at about $3,823,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of HCA Holdings by 33.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,470 shares of the company’s stock valued at $665,000 after acquiring an additional 1,870 shares during the period. Hedge funds and other institutional investors own 73.75% of the company’s stock.
HCA has been the topic of a number of analyst reports. Robert W. Baird decreased their price objective on shares of HCA Holdings from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 22nd. ValuEngine cut shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Argus initiated coverage on shares of HCA Holdings in a research report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective on the stock. Cantor Fitzgerald restated a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research report on Wednesday, September 6th. Finally, Bank of America Corporation cut shares of 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 report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $92.88.
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In other news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $79.87, for a total value of $171,720.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 6,450 shares of company stock worth $529,309 over the last 90 days. Company insiders own 2.90% of the company’s stock.
HCA Holdings, Inc. (HCA) traded down 0.21% during midday trading on Thursday, reaching $77.59. 239,072 shares of the company traded hands. HCA Holdings, Inc. has a one year low of $67.00 and a one year high of $91.03. The stock has a market capitalization of $28.03 billion, a P/E ratio of 10.40 and a beta of 0.67. The company has a 50 day moving average price of $78.44 and a 200-day moving average price of $83.29.
HCA Holdings (NYSE:HCA) last posted 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 business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. During the same period last year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts forecast that HCA Holdings, Inc. will post $7.19 EPS for the current fiscal year.
HCA Holdings Profile
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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