Westpac Banking Corp acquired a new position in Ramsay Health Care Limited (OTCMKTS:RMSYF – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 138,460 shares of the company’s stock, valued at approximately $2,701,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Ramsay Health Care during the 2nd quarter valued at about $811,896,000. Bank of New York Mellon Corp bought a new position in shares of Ramsay Health Care in the 2nd quarter valued at about $63,202,000. Advisors Capital Management LLC acquired a new stake in shares of Ramsay Health Care during the 2nd quarter worth approximately $49,328,000. Deutsche Bank AG acquired a new stake in shares of Ramsay Health Care during the 2nd quarter worth approximately $7,087,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ramsay Health Care during the second quarter worth approximately $4,231,000. 13.17% of the stock is owned by institutional investors.
Ramsay Health Care Stock Performance
Shares of OTCMKTS RMSYF opened at $29.58 on Friday. The company’s 50 day simple moving average is $28.82 and its 200 day simple moving average is $26.29. Ramsay Health Care Limited has a fifty-two week low of $24.61 and a fifty-two week high of $30.00.
Ramsay Health Care Profile
Ramsay Health Care is a multinational operator of private hospitals and healthcare facilities, offering a broad range of medical, surgical and rehabilitative services. The company’s primary activities include inpatient and day‐patient care, elective surgery, maternity and neonatal services, mental health treatment, oncology, cardiology and allied health support. In addition to acute hospital services, Ramsay Health Care provides aged care and retirement living communities in select markets, integrating complementary care settings to meet diverse patient needs.
Founded in 1964 by Australian entrepreneur Paul Ramsay, the group has grown through strategic acquisitions and greenfield developments to become one of the world’s largest private hospital networks.
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