National HealthCare Co. (NYSEMKT:NHC) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of National HealthCare Co. (NYSEMKT:NHC) from a strong sell rating to a sell rating in a research report report published on Wednesday, October 18th.

Separately, ValuEngine lowered shares of National HealthCare from a hold rating to a sell rating in a research note on Monday, October 2nd.

National HealthCare (NYSEMKT NHC) traded up $0.35 during trading on Wednesday, reaching $64.38. 8,571 shares of the company were exchanged, compared to its average volume of 29,491. National HealthCare has a twelve month low of $57.73 and a twelve month high of $78.99.

National HealthCare (NYSEMKT:NHC) last posted its earnings results on Friday, August 4th. The company reported $0.70 EPS for the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. The firm had revenue of $239.46 million during the quarter.

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National HealthCare announced that its Board of Directors has approved a share repurchase program on Wednesday, August 9th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

In related news, SVP Jeffrey Russell Smith sold 1,848 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $62.78, for a total transaction of $116,017.44. Following the completion of the sale, the senior vice president now directly owns 3,111 shares in the company, valued at $195,308.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of National HealthCare by 2.5% in the second quarter. Vanguard Group Inc. now owns 889,216 shares of the company’s stock worth $62,369,000 after buying an additional 21,666 shares in the last quarter. Dimensional Fund Advisors LP increased its position in National HealthCare by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 529,847 shares of the company’s stock worth $37,164,000 after purchasing an additional 28,157 shares during the last quarter. Renaissance Technologies LLC increased its position in National HealthCare by 17.5% in the second quarter. Renaissance Technologies LLC now owns 422,500 shares of the company’s stock worth $29,634,000 after purchasing an additional 63,074 shares during the last quarter. State Street Corp increased its position in National HealthCare by 6.4% in the second quarter. State Street Corp now owns 283,960 shares of the company’s stock worth $19,913,000 after purchasing an additional 17,106 shares during the last quarter. Finally, Northern Trust Corp increased its position in National HealthCare by 10.4% in the second quarter. Northern Trust Corp now owns 242,824 shares of the company’s stock worth $17,032,000 after purchasing an additional 22,947 shares during the last quarter.

About National HealthCare

National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.

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