Paralel Advisors LLC acquired a new position in HCA Healthcare, Inc. (NYSE:HCA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,883 shares of the company’s stock, valued at approximately $1,904,000.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of HCA Healthcare during the fourth quarter valued at approximately $1,021,000. NewEdge Advisors LLC grew its stake in shares of HCA Healthcare by 11.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,859 shares of the company’s stock worth $1,334,000 after buying an additional 409 shares during the last quarter. Sivia Capital Partners LLC raised its stake in HCA Healthcare by 5.5% during the second quarter. Sivia Capital Partners LLC now owns 630 shares of the company’s stock valued at $241,000 after buying an additional 33 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of HCA Healthcare in the second quarter worth $2,073,000. Finally, Sei Investments Co. raised its position in shares of HCA Healthcare by 56.3% in the 2nd quarter. Sei Investments Co. now owns 136,589 shares of the company’s stock worth $52,328,000 after purchasing an additional 49,214 shares during the last quarter. 62.73% of the stock is currently owned by institutional investors.
HCA Healthcare Trading Down 0.2%
NYSE:HCA opened at $406.33 on Friday. The company has a 50 day simple moving average of $396.32 and a two-hundred day simple moving average of $444.25. The company has a market cap of $87.97 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. HCA Healthcare, Inc. has a 12 month low of $353.99 and a 12 month high of $556.52.
HCA Healthcare Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. HCA Healthcare’s dividend payout ratio is presently 10.45%.
Wall Street Analyst Weigh In
HCA has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of HCA Healthcare from $500.00 to $431.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Truist Financial reduced their price target on shares of HCA Healthcare from $535.00 to $495.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Robert W. Baird lowered their price objective on HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $476.00 price target on HCA Healthcare in a research note on Monday, July 27th. Finally, KeyCorp reduced their price objective on HCA Healthcare from $475.00 to $435.00 and set an “overweight” rating for the company in a report on Monday, July 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.64.
View Our Latest Analysis on HCA Healthcare
About HCA Healthcare
HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.
The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.
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