Fred Alger Management Inc. raised its holdings in HCA Healthcare Inc (NYSE:HCA) by 195.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,500 shares of the company’s stock after purchasing an additional 7,606 shares during the quarter. Fred Alger Management Inc.’s holdings in HCA Healthcare were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in HCA. Nationwide Fund Advisors grew its stake in HCA Healthcare by 7.7% in the 3rd quarter. Nationwide Fund Advisors now owns 423,184 shares of the company’s stock valued at $33,681,000 after purchasing an additional 30,220 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in HCA Healthcare by 7.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 47,354 shares of the company’s stock valued at $3,769,000 after purchasing an additional 3,392 shares during the period. Crossmark Global Holdings Inc. bought a new position in HCA Healthcare in the 3rd quarter valued at $553,000. Sei Investments Co. lifted its position in shares of HCA Healthcare by 11.0% during the 3rd quarter. Sei Investments Co. now owns 92,053 shares of the company’s stock valued at $7,328,000 after buying an additional 9,122 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of HCA Healthcare by 1.0% during the 3rd quarter. Retirement Systems of Alabama now owns 140,210 shares of the company’s stock valued at $11,159,000 after buying an additional 1,450 shares during the last quarter. Hedge funds and other institutional investors own 73.48% of the company’s stock.
In other HCA Healthcare news, insider Charles J. Hall sold 49,882 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $101.29, for a total value of $5,052,547.78. Following the sale, the insider now owns 62,048 shares of the company’s stock, valued at approximately $6,284,841.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael S. Cuffe sold 2,400 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $86.63, for a total value of $207,912.00. The disclosure for this sale can be found here. Insiders have sold a total of 482,318 shares of company stock worth $48,394,005 in the last three months. 2.90% of the stock is currently owned by insiders.
Shares of HCA Healthcare Inc (NYSE HCA) opened at $102.58 on Wednesday. The stock has a market capitalization of $36,236.03, a PE ratio of 15.19, a P/E/G ratio of 1.03 and a beta of 0.49. The company has a debt-to-equity ratio of -6.58, a quick ratio of 1.36 and a current ratio of 1.62. HCA Healthcare Inc has a 1-year low of $71.18 and a 1-year high of $106.84.
HCA Healthcare (NYSE:HCA) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.25. The business had revenue of $11.56 billion for the quarter, compared to analysts’ expectations of $11.19 billion. HCA Healthcare had a negative return on equity of 49.49% and a net margin of 4.89%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 EPS. analysts expect that HCA Healthcare Inc will post 8.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 1st will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.36%. HCA Healthcare’s dividend payout ratio (DPR) is 23.57%.
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HCA Healthcare Profile
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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