Ontario Teachers Pension Plan Board Cuts Position in HCA Healthcare Inc (NYSE:HCA)

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Ontario Teachers Pension Plan Board lessened its position in shares of HCA Healthcare Inc (NYSE:HCA) by 15.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,030 shares of the company’s stock after selling 9,987 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in HCA Healthcare were worth $5,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Motley Fool Asset Management LLC raised its holdings in shares of HCA Healthcare by 12.5% during the second quarter. Motley Fool Asset Management LLC now owns 3,720 shares of the company’s stock valued at $382,000 after acquiring an additional 412 shares during the last quarter. Banque Pictet & Cie SA raised its holdings in shares of HCA Healthcare by 0.5% during the second quarter. Banque Pictet & Cie SA now owns 91,929 shares of the company’s stock valued at $9,432,000 after acquiring an additional 480 shares during the last quarter. Gideon Capital Advisors Inc. raised its holdings in shares of HCA Healthcare by 14.7% during the second quarter. Gideon Capital Advisors Inc. now owns 4,441 shares of the company’s stock valued at $456,000 after acquiring an additional 569 shares during the last quarter. Intrust Bank NA raised its holdings in shares of HCA Healthcare by 0.8% during the second quarter. Intrust Bank NA now owns 74,417 shares of the company’s stock valued at $7,635,000 after acquiring an additional 620 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of HCA Healthcare by 11.2% during the second quarter. Huntington National Bank now owns 6,442 shares of the company’s stock valued at $661,000 after acquiring an additional 648 shares during the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Shares of HCA traded down $0.21 during midday trading on Friday, hitting $133.63. 981,843 shares of the stock were exchanged, compared to its average volume of 1,443,605. HCA Healthcare Inc has a 52-week low of $71.18 and a 52-week high of $138.18. The firm has a market cap of $45.51 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.19 and a beta of 0.54. The company has a quick ratio of 1.15, a current ratio of 1.36 and a debt-to-equity ratio of -7.64.

HCA Healthcare (NYSE:HCA) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.13. The business had revenue of $11.53 billion for the quarter, compared to analysts’ expectations of $11.32 billion. HCA Healthcare had a negative return on equity of 61.68% and a net margin of 6.21%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.73 earnings per share. sell-side analysts expect that HCA Healthcare Inc will post 9.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, August 31st. HCA Healthcare’s payout ratio is currently 21.24%.

In other HCA Healthcare news, SVP Kathryn A. Torres sold 1,530 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $124.47, for a total value of $190,439.10. Following the sale, the senior vice president now directly owns 9,307 shares in the company, valued at $1,158,442.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles J. Hall sold 34,125 shares of the firm’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $129.93, for a total value of $4,433,861.25. Following the completion of the sale, the insider now owns 98,124 shares in the company, valued at $12,749,251.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,757 shares of company stock worth $22,468,053. Insiders own 2.80% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. SunTrust Banks upped their price target on HCA Healthcare to $150.00 and gave the company a “positive” rating in a research report on Tuesday, September 4th. Mizuho set a $150.00 price target on HCA Healthcare and gave the company a “buy” rating in a research report on Tuesday, September 4th. Leerink Swann upped their price target on HCA Healthcare from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, September 4th. BMO Capital Markets upped their price target on HCA Healthcare from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. Finally, Morgan Stanley upped their price target on HCA Healthcare from $115.00 to $124.00 and gave the company an “underweight” rating in a research report on Wednesday, September 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company. HCA Healthcare presently has a consensus rating of “Buy” and a consensus price target of $126.33.

HCA Healthcare Company Profile

HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.

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Institutional Ownership by Quarter for HCA Healthcare (NYSE:HCA)

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