C WorldWide Group Holding A S Cuts Position in HCA Holdings, Inc. (HCA)
C WorldWide Group Holding A S lessened its holdings in HCA Holdings, Inc. (NYSE:HCA) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,618 shares of the company’s stock after selling 5,534 shares during the quarter. C WorldWide Group Holding A S’s holdings in HCA Holdings were worth $10,396,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Sei Investments Co. increased its holdings in HCA Holdings by 11.0% in the 3rd quarter. Sei Investments Co. now owns 92,053 shares of the company’s stock worth $7,328,000 after buying an additional 9,122 shares during the period. BNP Paribas Arbitrage SA boosted its position in HCA Holdings by 44.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 234,344 shares of the company’s stock worth $18,651,000 after purchasing an additional 71,980 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in HCA Holdings by 4.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 399,784 shares of the company’s stock worth $31,819,000 after purchasing an additional 15,576 shares in the last quarter. Hennessy Advisors Inc. boosted its position in HCA Holdings by 3.8% in the 3rd quarter. Hennessy Advisors Inc. now owns 24,400 shares of the company’s stock worth $1,942,000 after purchasing an additional 900 shares in the last quarter. Finally, Community Trust & Investment Co. boosted its position in HCA Holdings by 1.7% in the 3rd quarter. Community Trust & Investment Co. now owns 197,804 shares of the company’s stock worth $15,743,000 after purchasing an additional 3,385 shares in the last quarter. Institutional investors own 75.18% of the company’s stock.
Several equities research analysts have commented on HCA shares. Robert W. Baird lowered their price objective on 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 lowered HCA Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. BMO Capital Markets started coverage on HCA Holdings in a research report on Monday, October 16th. They issued an “outperform” rating and a $90.00 price objective on the stock. KeyCorp restated an “overweight” rating and issued a $90.00 price objective (down previously from $95.00) on shares of HCA Holdings in a research report on Thursday, October 19th. Finally, 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $89.95.
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Shares of HCA Holdings, Inc. (NYSE:HCA) traded down $0.73 during mid-day trading on Friday, reaching $78.68. The company’s stock had a trading volume of 1,804,600 shares, compared to its average volume of 3,287,103. The company has a quick ratio of 1.41, a current ratio of 1.68 and a debt-to-equity ratio of -6.46. The stock has a market cap of $27,856.89, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.16 and a beta of 0.50. HCA Holdings, Inc. has a 12 month low of $68.02 and a 12 month high of $91.03.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.70 billion. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. equities research analysts predict that HCA Holdings, Inc. will post 6.55 earnings per share for the current year.
HCA Holdings announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 31st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $79.87, for a total value of $171,720.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 6,450 shares of company stock worth $511,163 in the last 90 days. 2.90% of the stock is currently owned by insiders.
HCA Holdings Company 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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