HCA Holdings, Inc. (NYSE:HCA) Shares Bought by Westpac Banking Corp

Westpac Banking Corp boosted its holdings in shares of HCA Holdings, Inc. (NYSE:HCA) by 6.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,699 shares of the company’s stock after acquiring an additional 1,178 shares during the quarter. Westpac Banking Corp’s holdings in HCA Holdings were worth $1,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HCA. Janney Montgomery Scott LLC lifted its holdings in shares of HCA Holdings by 0.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,174 shares of the company’s stock valued at $277,000 after buying an additional 14 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of HCA Holdings by 0.3% during the 2nd quarter. Advisor Partners LLC now owns 4,732 shares of the company’s stock valued at $413,000 after buying an additional 14 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of HCA Holdings by 0.6% during the 2nd quarter. Wetherby Asset Management Inc. now owns 4,232 shares of the company’s stock valued at $369,000 after buying an additional 25 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of HCA Holdings by 1.5% during the 2nd quarter. Wedbush Securities Inc. now owns 6,028 shares of the company’s stock valued at $526,000 after buying an additional 88 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of HCA Holdings by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $1,552,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

In other news, insider Jonathan B. Perlin sold 71,063 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $86.00, for a total transaction of $6,111,418.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $86.44, for a total transaction of $185,846.00. Following the sale, the insider now 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 90 days, insiders have sold 75,363 shares of company stock valued at $6,469,006. Company insiders own 2.90% of the company’s stock.

Shares of HCA Holdings, Inc. (HCA) traded down 0.532% during mid-day trading on Friday, reaching $79.445. The company had a trading volume of 300,621 shares. The firm’s 50 day moving average is $78.65 and its 200-day moving average is $83.57. The stock has a market capitalization of $28.70 billion, a P/E ratio of 10.649 and a beta of 0.67. HCA Holdings, Inc. has a 12-month low of $67.00 and a 12-month high of $91.03.

HCA Holdings (NYSE:HCA) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.05). HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that HCA Holdings, Inc. will post $7.19 earnings per share for the current fiscal year.

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HCA has been the subject of several research reports. Robert W. Baird reduced their price target on HCA Holdings from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Tuesday, August 22nd. ValuEngine downgraded HCA Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Argus initiated coverage on HCA Holdings in a research note on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research note on Wednesday, September 6th. Finally, Bank of America Corporation downgraded HCA Holdings from a “buy” rating to a “neutral” rating and cut their price objective for the company from $102.00 to $92.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.88.

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.

Institutional Ownership by Quarter for HCA Holdings (NYSE:HCA)

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