The Manufacturers Life Insurance Company Takes Position in Ramsay Health Care Limited $RMSYF

The Manufacturers Life Insurance Company acquired a new position in Ramsay Health Care Limited (OTCMKTS:RMSYF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 229,928 shares of the company’s stock, valued at approximately $4,486,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avalon Trust Co acquired a new position in Ramsay Health Care in the second quarter worth approximately $36,000. GSA Capital Partners LLP acquired a new stake in shares of Ramsay Health Care during the 2nd quarter valued at $417,000. Bank of New York Mellon Corp acquired a new stake in shares of Ramsay Health Care during the 2nd quarter valued at $63,202,000. Global Retirement Partners LLC bought a new stake in shares of Ramsay Health Care during the 2nd quarter worth $128,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ramsay Health Care during the 2nd quarter worth $4,231,000. 13.17% of the stock is owned by institutional investors and hedge funds.

Ramsay Health Care Stock Performance

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

Wall Street Analyst Weigh In

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

About Ramsay Health Care

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.