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

Separately, ValuEngine lowered National HealthCare from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.

National HealthCare (NYSEMKT:NHC) traded up 0.87% during trading on Wednesday, reaching $64.77. The company’s stock had a trading volume of 35,485 shares. National HealthCare has a one year low of $57.73 and a one year high of $78.99. The stock has a 50-day moving average of $62.87 and a 200 day moving average of $67.53. The firm has a market capitalization of $984.18 million, a P/E ratio of 20.37 and a beta of 0.91.

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

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

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In related news, SVP Jeffrey Russell Smith sold 1,848 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $62.78, for a total value of $116,017.44. Following the transaction, the senior vice president now directly owns 3,111 shares in the company, valued at $195,308.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cigna Investments Inc. New acquired a new position in National HealthCare in the second quarter valued at approximately $242,000. Citigroup Inc. lifted its holdings in National HealthCare by 78.1% in the second quarter. Citigroup Inc. now owns 12,966 shares of the company’s stock valued at $909,000 after acquiring an additional 5,686 shares during the last quarter. Prudential Financial Inc. lifted its holdings 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 acquiring an additional 4,610 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in National HealthCare in the second quarter valued at approximately $870,000. Finally, Russell Investments Group Ltd. lifted its holdings in National HealthCare by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock valued at $3,929,000 after acquiring an additional 904 shares during 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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