National HealthCare (NYSEAMERICAN:NHC) Stock Price Down 6.1%

National HealthCare Co. (NYSEAMERICAN:NHC) traded down 6.1% during mid-day trading on Monday . The company traded as low as $118.27 and last traded at $121.22. 24,047 shares changed hands during trading, a decline of 61% from the average session volume of 61,350 shares. The stock had previously closed at $129.03.

National HealthCare Stock Down 0.7 %

The stock has a market cap of $1.89 billion, a P/E ratio of 28.60 and a beta of 0.37.

National HealthCare (NYSEAMERICAN:NHC) last announced its earnings results on Friday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 5.85% and a return on equity of 6.03%. The company had revenue of $300.66 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NHC. Quadrature Capital Ltd bought a new position in National HealthCare in the fourth quarter valued at approximately $844,000. Dimensional Fund Advisors LP increased its stake in shares of National HealthCare by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 957,815 shares of the company’s stock valued at $88,523,000 after purchasing an additional 22,317 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of National HealthCare by 13.8% during the 4th quarter. Vanguard Group Inc. now owns 1,518,918 shares of the company’s stock worth $140,378,000 after buying an additional 184,411 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of National HealthCare during the 4th quarter worth $2,680,000. Finally, Principal Financial Group Inc. bought a new stake in shares of National HealthCare during the 4th quarter worth $6,484,000. Institutional investors own 56.44% of the company’s stock.

About National HealthCare

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.