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

Shares of National HealthCare (NYSEMKT:NHC) traded up 0.31% on Friday, reaching $61.78. 40,288 shares of the company’s stock traded hands. National HealthCare has a 12-month low of $57.73 and a 12-month high of $78.99. The stock has a 50-day moving average of $66.44 and a 200 day moving average of $70.73. The firm has a market cap of $938.75 million, a P/E ratio of 19.43 and a beta of 0.91.

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

National HealthCare announced that its board has authorized a stock repurchase plan on Wednesday, August 9th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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In related news, SVP Jeffrey Russell Smith sold 4,000 shares of National HealthCare stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $72.78, for a total value of $291,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional investors have recently made changes to their positions in the company. Bowling Portfolio Management LLC purchased a new position in shares of National HealthCare during the second quarter worth approximately $870,000. Russell Investments Group Ltd. increased its position in shares of National HealthCare by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock worth $3,929,000 after buying an additional 904 shares in the last quarter. Swiss National Bank increased its position in shares of National HealthCare by 8.0% in the second quarter. Swiss National Bank now owns 17,630 shares of the company’s stock worth $1,237,000 after buying an additional 1,300 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of National HealthCare during the second quarter worth approximately $206,000. Finally, Prudential Financial Inc. increased its position in shares of National HealthCare by 13.9% in the second quarter. Prudential Financial Inc. now owns 37,866 shares of the company’s stock worth $2,656,000 after buying an additional 4,610 shares in the last quarter.

About National HealthCare

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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