National HealthCare (NYSEAMERICAN:NHC) Stock Rating Upgraded by Royal Bank Of Canada

National HealthCare (NYSEAMERICAN:NHC) was upgraded by equities researchers at Royal Bank Of Canada to a “hold” rating in a report released on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a report on Monday. Robert W. Baird raised shares of National HealthCare to a “strong-buy” rating in a report on Monday. Finally, The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

National HealthCare Stock Up 1.4%

Shares of NYSEAMERICAN:NHC opened at $196.30 on Monday. The firm’s 50 day moving average price is $168.98 and its 200 day moving average price is $151.30. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 24.94 and a beta of 0.64. National HealthCare has a fifty-two week low of $93.54 and a fifty-two week high of $199.62.

National HealthCare (NYSEAMERICAN:NHC) last issued its earnings results on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%. The firm had revenue of $381.82 million for the quarter.

Institutional Trading of National HealthCare

A number of large investors have recently bought and sold shares of NHC. Caitong International Asset Management Co. Ltd acquired a new stake in National HealthCare during the 3rd quarter worth $25,000. Quarry LP boosted its stake in National HealthCare by 171.9% during the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares during the period. Kestra Advisory Services LLC acquired a new stake in National HealthCare during the 4th quarter worth $42,000. Simplex Trading LLC boosted its stake in National HealthCare by 140.0% during the 4th quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.