Highland Capital Management LLC cut its position in shares of HCA Holdings Inc. (NYSE:HCA) by 6.5% during the third quarter, Holdings Channel reports. The firm owned 51,897 shares of the company’s stock after selling 3,605 shares during the period. Highland Capital Management LLC’s holdings in HCA Holdings were worth $3,925,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Magellan Asset Management Ltd acquired a new position in shares of HCA Holdings during the second quarter worth about $489,097,000. Bank of Montreal Can acquired a new position in shares of HCA Holdings during the second quarter worth about $97,276,000. Old Mutual Global Investors UK Ltd. raised its position in shares of HCA Holdings by 1,034.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,236,077 shares of the company’s stock worth $95,190,000 after buying an additional 1,127,160 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of HCA Holdings by 83.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,221,771 shares of the company’s stock worth $171,099,000 after buying an additional 1,010,880 shares during the period. Finally, Eaton Vance Management raised its position in shares of HCA Holdings by 493.3% in the second quarter. Eaton Vance Management now owns 860,935 shares of the company’s stock worth $66,301,000 after buying an additional 715,821 shares during the period. Institutional investors and hedge funds own 71.31% of the company’s stock.
Shares of HCA Holdings Inc. (NYSE:HCA) traded down 1.33% during trading on Monday, hitting $70.44. 2,144,477 shares of the company were exchanged. The company has a 50 day moving average of $76.33 and a 200-day moving average of $76.84. The stock has a market capitalization of $26.39 billion, a PE ratio of 11.15 and a beta of 0.79. HCA Holdings Inc. has a 1-year low of $60.07 and a 1-year high of $83.69.
HCA Holdings (NYSE:HCA) last posted its quarterly earnings data on Thursday, October 27th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.19. The business earned $10.27 billion during the quarter, compared to the consensus estimate of $10.41 billion. HCA Holdings had a negative return on equity of 43.65% and a net margin of 6.10%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, analysts forecast that HCA Holdings Inc. will post $6.71 earnings per share for the current year.
HCA has been the subject of several analyst reports. KeyCorp upgraded shares of HCA Holdings from a “sector weight” rating to an “overweight” rating and set a $94.00 price target for the company in a report on Thursday, October 13th. Mizuho lowered shares of HCA Holdings from a “buy” rating to a “neutral” rating in a report on Wednesday, November 9th. Jefferies Group restated a “buy” rating on shares of HCA Holdings in a report on Tuesday, September 6th. Zacks Investment Research upgraded shares of HCA Holdings from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Monday, November 14th. Finally, Evercore ISI initiated coverage on shares of HCA Holdings in a report on Thursday, September 22nd. They set a “hold” rating and a $89.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $87.30.
In other HCA Holdings news, insider A Bruce Moore, Jr. sold 167,967 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $73.65, for a total value of $12,370,769.55. Following the completion of the transaction, the insider now owns 207,682 shares in the company, valued at $15,295,779.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP P. Martin Paslick sold 36,004 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $78.79, for a total value of $2,836,755.16. Following the completion of the transaction, the senior vice president now owns 35,894 shares of the company’s stock, valued at approximately $2,828,088.26. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
HCA Holdings Company Profile
HCA Holdings, Inc is a healthcare services company. The Company’s segment is operating hospitals and related healthcare entities. The Company operates approximately 168 hospitals, consisting of 164 general, acute care hospitals; three psychiatric hospitals, and one rehabilitation hospital. In addition, the Company operates approximately 116 freestanding surgery centers.