First Quadrant L P CA reduced its position in shares of National HealthCare Co. (NYSEMKT:NHC) by 34.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,318 shares of the company’s stock after selling 1,777 shares during the period. First Quadrant L P CA’s holdings in National HealthCare were worth $208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. increased its holdings in shares of National HealthCare by 0.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,239 shares of the company’s stock worth $438,000 after buying an additional 38 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of National HealthCare by 0.9% during the second quarter. Wells Fargo & Company MN now owns 7,995 shares of the company’s stock worth $561,000 after buying an additional 72 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of National HealthCare by 3.0% during the second quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after buying an additional 81 shares in the last quarter. Virtu KCG Holdings LLC increased its holdings in National HealthCare by 9.0% in the second quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock valued at $229,000 after purchasing an additional 269 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in National HealthCare by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,843 shares of the company’s stock valued at $3,146,000 after purchasing an additional 356 shares during the period.

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Shares of National HealthCare Co. (NYSEMKT:NHC) opened at $62.85 on Wednesday. National HealthCare Co. has a 1-year low of $57.73 and a 1-year high of $78.99.

National HealthCare announced that its Board of Directors has approved a share buyback plan on Wednesday, August 9th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

In other National HealthCare news, SVP Jeffrey Russell Smith sold 1,848 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $62.78, for a total transaction of $116,017.44. Following the sale, the senior vice president now owns 3,111 shares of the company’s stock, valued at $195,308.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NHC has been the subject of a number of recent research reports. BidaskClub upgraded National HealthCare from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 12th. ValuEngine downgraded National HealthCare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.

National HealthCare Profile

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.

Institutional Ownership by Quarter for National HealthCare (NYSEMKT:NHC)

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