National HealthCare (NYSEAMERICAN:NHC) Upgraded to “Strong-Buy” at Robert W. Baird

National HealthCare (NYSEAMERICAN:NHC – Get Free Report) was upgraded by equities researchers at Robert W. Baird to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

National HealthCare Stock Up 1.4%

National HealthCare stock opened at $196.30 on Monday. The company has a market capitalization of $3.07 billion, a PE ratio of 24.94 and a beta of 0.64. The firm has a fifty day simple moving average of $168.98 and a two-hundred day simple moving average of $151.30. National HealthCare has a twelve month low of $93.54 and a twelve month high of $199.62.

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National HealthCare (NYSEAMERICAN:NHC – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.91 earnings per share for the quarter. The business had revenue of $381.82 million during the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%.

Hedge Funds Weigh In On National HealthCare

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of National HealthCare in the third quarter valued at about $25,000. Quarry LP increased its position in shares of National HealthCare by 171.9% in the third quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after acquiring an additional 165 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of National HealthCare in the fourth quarter valued at about $42,000. Simplex Trading LLC increased its position in shares of National HealthCare by 140.0% in the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after acquiring an additional 203 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of National HealthCare by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Company Profile

(Get Free Report)

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.

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