HCA Healthcare Inc (HCA) Shares Sold by Teacher Retirement System of Texas
Teacher Retirement System of Texas cut its holdings in HCA Healthcare Inc (NYSE:HCA) by 88.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,085 shares of the company’s stock after selling 598,526 shares during the quarter. Teacher Retirement System of Texas’ holdings in HCA Healthcare were worth $6,947,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Kovack Advisors Inc. acquired a new stake in HCA Healthcare in the fourth quarter valued at about $234,000. Checchi Capital Advisers LLC acquired a new stake in HCA Healthcare in the fourth quarter valued at about $267,000. Massey Quick Simon & CO. LLC acquired a new stake in HCA Healthcare in the third quarter valued at about $251,000. Virtu KCG Holdings LLC acquired a new stake in HCA Healthcare in the second quarter valued at about $312,000. Finally, Parametrica Management Ltd acquired a new stake in shares of HCA Healthcare during the third quarter valued at about $299,000. 75.49% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on HCA. Piper Jaffray Companies reissued a “hold” rating and set a $101.00 price target on shares of HCA Healthcare in a research note on Tuesday, January 30th. Argus lifted their price target on HCA Healthcare from $9.26 to $114.00 and gave the company a “buy” rating in a research note on Monday. Sanford C. Bernstein reissued a “market perform” rating and set a $116.00 price target (up from $105.00) on shares of HCA Healthcare in a research note on Thursday, February 1st. Credit Suisse Group lifted their price target on HCA Healthcare from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price target on HCA Healthcare from $96.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company. HCA Healthcare has an average rating of “Buy” and an average price target of $104.50.
HCA Healthcare (NYSE:HCA) last issued its earnings results on Tuesday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.25. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $11.19 billion. HCA Healthcare had a negative return on equity of 49.49% and a net margin of 4.89%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. research analysts predict that HCA Healthcare Inc will post 8.71 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 1st will be issued a $0.35 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%.
In other HCA Healthcare news, insider Michael S. Cuffe sold 2,150 shares of HCA Healthcare stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $78.00, for a total value of $167,700.00. Following the completion of the sale, the insider now directly owns 12,476 shares in the company, valued at $973,128. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joseph A. Sowell III sold 22,025 shares of HCA Healthcare stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $101.86, for a total value of $2,243,466.50. Following the completion of the sale, the senior vice president now owns 27,411 shares of the company’s stock, valued at $2,792,084.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 276,469 shares of company stock valued at $27,601,824. 2.90% of the stock is currently owned by corporate insiders.
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About HCA Healthcare
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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