National HealthCare (NYSEAMERICAN:NHC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

National HealthCare Co. (NYSEAMERICAN:NHC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $124.93. National HealthCare shares last traded at $122.47, with a volume of 29,949 shares traded.

National HealthCare Stock Down 1.5 %

The company has a market cap of $1.88 billion, a price-to-earnings ratio of 28.23 and a beta of 0.37.

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

Institutional Trading of National HealthCare

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in National HealthCare in the 1st quarter valued at $121,000. BNP Paribas Financial Markets lifted its stake in shares of National HealthCare by 77.9% in the 1st quarter. BNP Paribas Financial Markets now owns 6,277 shares of the company’s stock worth $593,000 after acquiring an additional 2,749 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of National HealthCare by 7.1% in the first quarter. Principal Financial Group Inc. now owns 75,163 shares of the company’s stock valued at $7,104,000 after acquiring an additional 5,008 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of National HealthCare by 28.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,741 shares of the company’s stock worth $1,960,000 after acquiring an additional 4,544 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of National HealthCare by 13.8% during the fourth quarter. Vanguard Group Inc. now owns 1,518,918 shares of the company’s stock worth $140,378,000 after acquiring an additional 184,411 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Company Profile

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.