California Public Employees Retirement System grew its holdings in HCA Holdings, Inc. (NYSE:HCA) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 886,829 shares of the company’s stock after buying an additional 22,829 shares during the period. California Public Employees Retirement System owned 0.25% of HCA worth $70,583,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strs Ohio lifted its holdings in HCA by 12.2% during the 3rd quarter. Strs Ohio now owns 1,075,778 shares of the company’s stock worth $85,621,000 after purchasing an additional 117,000 shares during the last quarter. Micawber Capital LLC lifted its holdings in HCA by 31.3% during the 3rd quarter. Micawber Capital LLC now owns 34,461 shares of the company’s stock worth $2,743,000 after purchasing an additional 8,205 shares during the last quarter. Toronto Dominion Bank lifted its holdings in HCA by 12.8% during the 3rd quarter. Toronto Dominion Bank now owns 112,657 shares of the company’s stock worth $8,965,000 after purchasing an additional 12,744 shares during the last quarter. American Century Companies Inc. lifted its holdings in HCA by 49.5% during the 3rd quarter. American Century Companies Inc. now owns 2,558,216 shares of the company’s stock worth $203,608,000 after purchasing an additional 847,377 shares during the last quarter. Finally, Accident Compensation Corp lifted its holdings in HCA by 4.8% during the 2nd quarter. Accident Compensation Corp now owns 43,793 shares of the company’s stock worth $3,819,000 after purchasing an additional 2,000 shares during the last quarter. 75.35% of the stock is owned by institutional investors.
In other news, insider Michael S. Cuffe sold 2,150 shares of HCA stock in a transaction on Friday, September 15th. The stock was sold at an average price of $79.87, for a total value of $171,720.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Victor L. Campbell sold 8,000 shares of HCA stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $75.82, for a total value of $606,560.00. Following the completion of the transaction, the senior vice president now owns 127,275 shares in the company, valued at approximately $9,649,990.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,450 shares of company stock worth $1,737,681. Corporate insiders own 2.90% of the company’s stock.
HCA (NYSE:HCA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.21. HCA had a negative return on equity of 47.16% and a net margin of 6.13%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same quarter last year, the company posted $1.45 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts expect that HCA Holdings, Inc. will post 6.56 earnings per share for the current fiscal year.
Several analysts recently weighed in on HCA shares. ValuEngine cut HCA from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. KeyCorp reaffirmed an “overweight” rating and issued a $90.00 price objective (down from $95.00) on shares of HCA in a report on Thursday, October 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $90.00 price objective on shares of HCA in a report on Tuesday, October 31st. Zacks Investment Research cut HCA from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Raymond James Financial cut HCA from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $90.20.
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HCA Company 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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