The Manufacturers Life Insurance Company Buys Shares of 229,928 Ramsay Health Care Limited $RMSYF

The Manufacturers Life Insurance Company purchased a new position in shares of Ramsay Health Care Limited (OTCMKTS:RMSYF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 229,928 shares of the company’s stock, valued at approximately $4,486,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Avalon Trust Co acquired a new position in shares of Ramsay Health Care during the second quarter valued at $36,000. Global Retirement Partners LLC acquired a new stake in Ramsay Health Care in the second quarter worth about $128,000. Allworth Financial LP acquired a new stake in Ramsay Health Care in the second quarter worth about $134,000. Callan Family Office LLC bought a new position in Ramsay Health Care in the 2nd quarter valued at about $226,000. Finally, Principle Wealth Partners LLC bought a new position in Ramsay Health Care in the 2nd quarter valued at about $300,000. Institutional investors own 13.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Ramsay Health Care to a “buy” rating and set a $54.10 target price on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $54.10.

Ramsay Health Care Stock Performance

RMSYF opened at $36.62 on Tuesday. Ramsay Health Care Limited has a 1-year low of $24.61 and a 1-year high of $36.62. The business has a 50 day moving average price of $29.70 and a two-hundred day moving average price of $26.59.

Ramsay Health Care Profile

Ramsay Health Care is a multinational operator of private hospitals and healthcare facilities, offering a broad range of medical, surgical and rehabilitative services. The company’s primary activities include inpatient and day‐patient care, elective surgery, maternity and neonatal services, mental health treatment, oncology, cardiology and allied health support. In addition to acute hospital services, Ramsay Health Care provides aged care and retirement living communities in select markets, integrating complementary care settings to meet diverse patient needs.

Founded in 1964 by Australian entrepreneur Paul Ramsay, the group has grown through strategic acquisitions and greenfield developments to become one of the world’s largest private hospital networks.