Tokio Marine Asset Management Co. Ltd. decreased its position in shares of HCA Holdings, Inc. (NYSE:HCA) by 27.0% during the second quarter, Holdings Channel reports. The institutional investor owned 3,617 shares of the company’s stock after selling 1,335 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in HCA Holdings were worth $315,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of HCA Holdings by 9.4% in the first quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock worth $143,000 after buying an additional 138 shares in the last quarter. Global X Management Co. LLC raised its stake in HCA Holdings by 29.9% in the first quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock worth $192,000 after buying an additional 498 shares during the period. Peak Asset Management LLC acquired a new stake in HCA Holdings during the first quarter worth $201,000. Ifrah Financial Services Inc. acquired a new stake in HCA Holdings during the first quarter worth $210,000. Finally, Checchi Capital Advisers LLC acquired a new stake in HCA Holdings during the first quarter worth $213,000. 74.42% of the stock is owned by hedge funds and other institutional investors.
HCA Holdings, Inc. (NYSE:HCA) opened at 78.87 on Friday. The stock’s 50 day moving average is $84.93 and its 200 day moving average is $84.50. The firm has a market cap of $29.60 billion, a P/E ratio of 10.57 and a beta of 0.67. HCA Holdings, Inc. has a 12-month low of $67.00 and a 12-month high of $91.03.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by $0.05. The company had revenue of $10.73 billion during 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 business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 EPS. On average, equities research analysts expect that HCA Holdings, Inc. will post $7.20 EPS for the current year.
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HCA has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 price objective on shares of HCA Holdings in a research note on Monday, April 17th. Argus initiated coverage on shares of HCA Holdings in a research note on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective for the company. Morgan Stanley initiated coverage on shares of HCA Holdings in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $90.00 price objective for the company. Leerink Swann raised shares of HCA Holdings from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $92.00 to $100.00 in a research note on Tuesday, June 6th. Finally, Zacks Investment Research lowered shares of HCA Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. HCA Holdings has a consensus rating of “Buy” and an average target price of $93.50.
In related news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $86.44, for a total transaction of $185,846.00. Following the completion of the sale, the insider now owns 12,363 shares in the company, valued at $1,068,657.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan B. Perlin sold 71,063 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $86.00, for a total value of $6,111,418.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,424 shares of company stock valued at $12,787,290. 2.90% of the stock is owned by company insiders.
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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