Allspring Global Investments Holdings LLC Has $6.02 Million Position in National HealthCare Co. $NHC

Allspring Global Investments Holdings LLC raised its stake in National HealthCare Co. (NYSE:NHC) by 55.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 48,296 shares of the company’s stock after acquiring an additional 17,317 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National HealthCare were worth $6,020,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Copeland Capital Management LLC lifted its stake in shares of National HealthCare by 18.3% in the third quarter. Copeland Capital Management LLC now owns 723 shares of the company’s stock worth $88,000 after acquiring an additional 112 shares during the period. CWM LLC raised its holdings in National HealthCare by 7.7% during the 3rd quarter. CWM LLC now owns 8,750 shares of the company’s stock worth $1,063,000 after purchasing an additional 629 shares during the last quarter. Inspire Investing LLC lifted its position in shares of National HealthCare by 2.5% in the 3rd quarter. Inspire Investing LLC now owns 4,634 shares of the company’s stock worth $563,000 after purchasing an additional 115 shares during the period. Corient Private Wealth LLC lifted its position in shares of National HealthCare by 23.1% in the 2nd quarter. Corient Private Wealth LLC now owns 4,416 shares of the company’s stock worth $473,000 after purchasing an additional 829 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of National HealthCare by 915.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,558 shares of the company’s stock valued at $274,000 after purchasing an additional 2,306 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other National HealthCare news, VP Timothy J. Shelly sold 2,454 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $139.42, for a total transaction of $342,136.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.97% of the company’s stock.

National HealthCare Trading Up 2.7%

NHC opened at $134.47 on Wednesday. National HealthCare Co. has a twelve month low of $89.14 and a twelve month high of $144.52. The company has a fifty day moving average of $133.05 and a 200-day moving average of $118.65. The stock has a market cap of $2.09 billion, a PE ratio of 16.85 and a beta of 0.64. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14.

National HealthCare Profile

National HealthCare Corporation (NYSE: NHC) is a diversified provider of senior health care and related services, headquartered in Murfreesboro, Tennessee. Established in 1971, the company operates a network of post-acute and long-term care facilities, including skilled nursing centers, assisted living communities, independent living residences, and memory care units. In addition to its brick-and-mortar operations, the company offers home health, hospice, and rehabilitation services, aiming to support aging individuals at every stage of care.

The company’s skilled nursing facilities deliver 24-hour nursing services, therapy programs, and customized care plans designed to enhance patient recovery and quality of life.