National HealthCare Co. (NYSEMKT:NHC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.
Shares of National HealthCare (NHC) traded up 0.92% during mid-day trading on Thursday, reaching $62.46. The company had a trading volume of 24,341 shares. The firm’s 50-day moving average is $62.82 and its 200 day moving average is $68.94. The company has a market capitalization of $949.08 million, a price-to-earnings ratio of 19.64 and a beta of 0.91. National HealthCare has a 12 month low of $57.73 and a 12 month high of $78.99.
National HealthCare (NYSEMKT:NHC) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.70 earnings per share (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 earnings per share for the current year.
National HealthCare declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 9th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in NHC. Acrospire Investment Management LLC raised its position in National HealthCare by 235.0% during the second quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock valued at $110,000 after purchasing an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in National HealthCare by 286.1% during the second quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock valued at $146,000 after purchasing an additional 1,542 shares in the last quarter. Legal & General Group Plc raised its position in National HealthCare by 3.0% during the second quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock valued at $195,000 after purchasing an additional 81 shares in the last quarter. Principal Financial Group Inc. acquired a new position in National HealthCare during the second quarter valued at approximately $206,000. Finally, Virtu KCG Holdings LLC raised its position in National HealthCare by 9.0% during the second quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock valued at $229,000 after purchasing an additional 269 shares in the last quarter.
National HealthCare Company Profile
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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