First Citizens Bank & Trust Co. lowered its stake in shares of HCA Holdings, Inc. (NYSE:HCA) by 19.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,713 shares of the company’s stock after selling 1,134 shares during the period. First Citizens Bank & Trust Co.’s holdings in HCA Holdings were worth $411,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of HCA Holdings by 9.4% in the first quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock valued at $143,000 after buying an additional 138 shares during the period. Global X Management Co. LLC raised its stake in shares of HCA Holdings by 29.9% in the first quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock valued at $192,000 after buying an additional 498 shares during the period. Peak Asset Management LLC acquired a new stake in shares of HCA Holdings during the first quarter valued at about $201,000. Ifrah Financial Services Inc. acquired a new stake in shares of HCA Holdings during the first quarter valued at about $210,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of HCA Holdings during the first quarter valued at about $213,000. Institutional investors own 75.69% of the company’s stock.
HCA Holdings, Inc. (NYSE HCA) opened at 78.99 on Thursday. The company has a market capitalization of $28.54 billion, a PE ratio of 10.59 and a beta of 0.67. The firm’s 50-day moving average is $82.96 and its 200 day moving average is $84.34. HCA Holdings, Inc. has a one year low of $67.00 and a one year high of $91.03.
HCA Holdings (NYSE:HCA) last released its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by $0.05. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. On average, equities analysts expect that HCA Holdings, Inc. will post $7.17 EPS for the current fiscal year.
Several brokerages recently issued reports on HCA. BidaskClub lowered shares of HCA Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Citigroup Inc. dropped their price target on shares of HCA Holdings from $89.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Leerink Swann raised shares of HCA Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $92.00 to $100.00 in a report on Tuesday, June 6th. Finally, Argus lowered their target price on shares of HCA Holdings from $100.00 to $93.00 and set a “buy” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $93.06.
In other HCA Holdings news, insider Jonathan B. Perlin sold 71,063 shares of HCA Holdings stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $86.00, for a total value of $6,111,418.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $86.44, for a total value of $185,846.00. Following the transaction, the insider now directly owns 12,363 shares of the company’s stock, valued at $1,068,657.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,052 shares of company stock valued at $10,983,352. 2.90% of the stock is currently owned by corporate insiders.
HCA Holdings Company Profile
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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