National HealthCare Co. (NYSEMKT:NHC) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Shares of National HealthCare (NYSEMKT NHC) traded down 0.20% during midday trading on Friday, hitting $64.37. The company’s stock had a trading volume of 20,263 shares. The stock’s 50 day moving average is $67.62 and its 200-day moving average is $71.20. National HealthCare has a 52-week low of $57.73 and a 52-week high of $78.99. The firm has a market cap of $978.10 million, a P/E ratio of 20.24 and a beta of 0.91.

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

National HealthCare declared that its board has authorized a stock repurchase program on Wednesday, August 9th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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In other news, SVP Jeffrey Russell Smith sold 4,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $72.78, for a total value of $291,120.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank boosted its position in National HealthCare by 8.0% in the second quarter. Swiss National Bank now owns 17,630 shares of the company’s stock valued at $1,237,000 after buying an additional 1,300 shares during the last quarter. Principal Financial Group Inc. purchased a new position in National HealthCare during the second quarter valued at $206,000. Prudential Financial Inc. boosted its position in National HealthCare by 13.9% in the second quarter. Prudential Financial Inc. now owns 37,866 shares of the company’s stock valued at $2,656,000 after buying an additional 4,610 shares during the last quarter. Victory Capital Management Inc. boosted its position in National HealthCare by 8.1% in the second quarter. Victory Capital Management Inc. now owns 13,545 shares of the company’s stock valued at $950,000 after buying an additional 1,013 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in National HealthCare by 286.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock valued at $146,000 after buying an additional 1,542 shares during the last quarter.

National HealthCare Company Profile

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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