HCA Holdings, Inc. (HCA) Shares Sold by First Commonwealth Financial Corp PA
First Commonwealth Financial Corp PA lessened its holdings in shares of HCA Holdings, Inc. (NYSE:HCA) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,852 shares of the company’s stock after selling 1,431 shares during the quarter. First Commonwealth Financial Corp PA’s holdings in HCA Holdings were worth $597,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of HCA. BlackRock Inc. boosted its position in shares of HCA Holdings by 2,549.4% during the 1st quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock valued at $1,788,682,000 after acquiring an additional 19,341,168 shares during the last quarter. FMR LLC boosted its position in shares of HCA Holdings by 15.8% during the 1st quarter. FMR LLC now owns 7,763,884 shares of the company’s stock valued at $690,908,000 after acquiring an additional 1,059,925 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of HCA Holdings by 9,568.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 915,600 shares of the company’s stock valued at $10,500,000 after acquiring an additional 906,130 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of HCA Holdings by 1,229.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock valued at $59,753,000 after acquiring an additional 717,551 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of HCA Holdings by 94.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,310,528 shares of the company’s stock valued at $114,278,000 after acquiring an additional 637,944 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.
HCA has been the subject of a number of recent research reports. BidaskClub downgraded HCA Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded HCA Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Argus dropped their target price on HCA Holdings from $100.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, August 14th. Bank of America Corporation downgraded HCA Holdings from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $92.00 in a research report on Wednesday, July 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $88.00 target price (down previously from $90.00) on shares of HCA Holdings in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. HCA Holdings currently has an average rating of “Buy” and a consensus target price of $93.19.
In related news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 12,363 shares of the company’s stock, valued at approximately $987,556.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 6,450 shares of company stock valued at $529,309 over the last three months. 2.90% of the stock is owned by corporate insiders.
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Shares of HCA Holdings, Inc. (HCA) traded down 0.08% during trading on Friday, reaching $77.20. The company’s stock had a trading volume of 591,609 shares. The company has a 50 day moving average of $78.24 and a 200-day moving average of $82.69. HCA Holdings, Inc. has a 12-month low of $67.00 and a 12-month high of $91.03. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 10.35 and a beta of 0.62.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.05). HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.76 billion. During the same period in the prior year, the business posted $1.66 earnings per share. HCA Holdings’s revenue was up 4.0% on a year-over-year basis. Analysts forecast that HCA Holdings, Inc. will post $7.18 EPS for the current 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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