National HealthCare Co. (NHC) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of National HealthCare Co. (NYSEMKT:NHC) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday.

Shares of National HealthCare (NYSEMKT:NHC) opened at 64.12 on Tuesday. The firm has a market cap of $974.30 million, a PE ratio of 20.16 and a beta of 0.91. The firm’s 50-day moving average price is $63.47 and its 200 day moving average price is $69.44. National HealthCare has a 1-year low of $57.73 and a 1-year high of $78.99.

National HealthCare (NYSEMKT:NHC) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.70 earnings per share for the quarter. The company had revenue of $239.46 million during the quarter. National HealthCare had a return on equity of 6.26% and a net margin of 4.41%. On average, equities research analysts forecast that National HealthCare will post $2.54 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, September 29th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. National HealthCare’s payout ratio is 52.94%.

National HealthCare announced that its board has approved a share repurchase program on Wednesday, August 9th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its holdings in shares of National HealthCare by 235.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock worth $110,000 after buying an additional 1,100 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of National HealthCare by 286.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock worth $146,000 after buying an additional 1,542 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of National HealthCare by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after buying an additional 81 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of National HealthCare during the 2nd quarter worth $206,000. Finally, Virtu KCG Holdings LLC increased its holdings in shares of National HealthCare by 9.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock worth $229,000 after buying an additional 269 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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