Kendall Capital Management Invests $1.40 Million in HCA Healthcare, Inc. $HCA

Kendall Capital Management acquired a new position in HCA Healthcare, Inc. (NYSE:HCAFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,585 shares of the company’s stock, valued at approximately $1,398,000.

Other hedge funds also recently modified their holdings of the company. Palisade Asset Management LLC bought a new stake in HCA Healthcare in the third quarter worth $26,000. MidFirst Bank bought a new stake in shares of HCA Healthcare during the 2nd quarter worth about $28,000. Clearstead Trust LLC acquired a new stake in HCA Healthcare in the 2nd quarter worth approximately $29,000. Ares Financial Consulting LLC bought a new stake in HCA Healthcare during the fourth quarter worth approximately $31,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of HCA Healthcare in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 62.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HCA shares. Robert W. Baird dropped their target price on shares of HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Argus dropped their price objective on HCA Healthcare from $560.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. TD Cowen lowered their target price on HCA Healthcare from $500.00 to $431.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Stephens cut their price target on HCA Healthcare from $560.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Finally, Weiss Ratings lowered shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $462.64.

Read Our Latest Stock Analysis on HCA

HCA Healthcare Trading Up 5.6%

Shares of HCA stock opened at $429.08 on Friday. The stock has a 50 day moving average of $397.16 and a two-hundred day moving average of $444.14. The company has a market capitalization of $92.90 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.49 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 (NYSE:HCAGet Free Report) last issued its earnings results on Friday, July 24th. The company reported $7.59 EPS for the quarter, topping the consensus estimate of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The firm had revenue of $20.23 billion during the quarter, compared to analysts’ expectations of $19.76 billion. During the same period last year, the business earned $6.84 earnings per share. HCA Healthcare’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts predict that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.78 per share. The ex-dividend date is Wednesday, September 16th. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. HCA Healthcare’s dividend payout ratio (DPR) is currently 10.45%.

HCA Healthcare Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for HCA Healthcare (NYSE:HCA)

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