Robeco Institutional Asset Management B.V. cut its holdings in HCA Holdings, Inc. (NYSE:HCA) by 26.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,896 shares of the company’s stock after selling 5,093 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in HCA Holdings were worth $1,107,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of HCA Holdings by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock worth $101,000 after buying an additional 143 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of HCA Holdings by 35.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock worth $107,000 after buying an additional 320 shares during the period. Atlantic Trust LLC purchased a new stake in shares of HCA Holdings in the 2nd quarter worth about $118,000. Lee Financial Co purchased a new stake in shares of HCA Holdings in the 2nd quarter worth about $125,000. Finally, Acrospire Investment Management LLC grew its position in shares of HCA Holdings by 14.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock worth $140,000 after buying an additional 200 shares during the period. 74.65% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total transaction of $167,700.00. Following the completion of the sale, the insider now owns 12,476 shares of the company’s stock, valued at $973,128. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 6,450 shares of company stock valued at $511,163 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.
A number of research firms have recently weighed in on HCA. Jefferies Group LLC reduced their target price on shares of HCA Holdings from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday. Mizuho reduced their target price on shares of HCA Holdings from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $82.00 target price on shares of HCA Holdings in a research report on Wednesday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $90.00 target price on shares of HCA Holdings in a research report on Tuesday. Finally, Robert W. Baird set a $86.00 price objective on shares of HCA Holdings and gave the company a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. HCA Holdings presently has a consensus rating of “Buy” and a consensus target price of $90.00.
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HCA Holdings (NYSE:HCA) last released its earnings results on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.21. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year.
HCA Holdings announced that its board has approved a share buyback program on Tuesday, October 31st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
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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