HCA Holdings, Inc. (HCA) Rating Lowered to Market Perform at UBS AG
HCA Holdings, Inc. (NYSE:HCA) was downgraded by UBS AG from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports.
A number of other brokerages also recently issued reports on HCA. Robert W. Baird reduced their price objective on shares of HCA Holdings from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 22nd. ValuEngine downgraded shares of HCA Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. BMO Capital Markets started coverage on shares of HCA Holdings in a research report on Monday. They issued an “outperform” rating and a $90.00 target price on the stock. Argus started coverage on shares of HCA Holdings in a research report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 target price on shares of HCA Holdings in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. HCA Holdings currently has a consensus rating of “Buy” and a consensus price target of $92.79.
Shares of HCA Holdings (NYSE HCA) traded up 0.82% on Wednesday, reaching $77.45. 4,470,963 shares of the company traded hands. The stock’s 50 day moving average price is $77.65 and its 200-day moving average price is $82.18. HCA Holdings has a one year low of $67.00 and a one year high of $91.03. The stock has a market capitalization of $27.98 billion, a P/E ratio of 10.38 and a beta of 0.62.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.05). The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 earnings per share. Equities analysts forecast that HCA Holdings will post $7.11 earnings per share for the current fiscal year.
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In other news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $79.87, for a total transaction of $171,720.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its holdings in HCA Holdings by 0.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 3,174 shares of the company’s stock worth $277,000 after acquiring an additional 14 shares in the last quarter. Advisor Partners LLC increased its holdings in HCA Holdings by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 4,732 shares of the company’s stock worth $413,000 after acquiring an additional 14 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in HCA Holdings by 0.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,232 shares of the company’s stock worth $369,000 after acquiring an additional 25 shares in the last quarter. Argent Capital Management LLC increased its holdings in HCA Holdings by 1.2% in the 2nd quarter. Argent Capital Management LLC now owns 4,370 shares of the company’s stock worth $381,000 after acquiring an additional 50 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in HCA Holdings by 1.5% in the 2nd quarter. Wedbush Securities Inc. now owns 6,028 shares of the company’s stock worth $526,000 after acquiring an additional 88 shares in the last quarter. 73.76% of the stock is owned by institutional investors.
About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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