CX Institutional Acquires 3,321 Shares of HCA Healthcare, Inc. $HCA

CX Institutional raised its holdings in HCA Healthcare, Inc. (NYSE:HCA) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,104 shares of the company’s stock after acquiring an additional 3,321 shares during the quarter. CX Institutional’s holdings in HCA Healthcare were worth $8,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in HCA Healthcare during the fourth quarter worth about $1,021,000. NewEdge Advisors LLC increased its stake in HCA Healthcare by 11.9% in the first quarter. NewEdge Advisors LLC now owns 3,859 shares of the company’s stock valued at $1,334,000 after purchasing an additional 409 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of HCA Healthcare by 5.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 630 shares of the company’s stock valued at $241,000 after buying an additional 33 shares during the period. Jump Financial LLC acquired a new stake in HCA Healthcare during the 2nd quarter worth $2,073,000. Finally, Sei Investments Co. increased its holdings in shares of HCA Healthcare by 56.3% in the second quarter. Sei Investments Co. now owns 136,589 shares of the company’s stock worth $52,328,000 after acquiring an additional 49,214 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho lowered their target price on HCA Healthcare from $525.00 to $475.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft set a $476.00 price objective on shares of HCA Healthcare in a report on Monday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $435.00 target price on shares of HCA Healthcare in a report on Monday, July 27th. Argus reduced their price objective on HCA Healthcare from $560.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Leerink Partners dropped their target price on HCA Healthcare from $573.00 to $500.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HCA Healthcare currently has an average rating of “Moderate Buy” and an average price target of $465.59.

HCA Healthcare Price Performance

Shares of NYSE:HCA opened at $406.07 on Tuesday. The stock has a market capitalization of $87.92 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.40 and a beta of 1.12. The company’s 50-day moving average price is $387.29 and its two-hundred day moving average price is $450.48. HCA Healthcare, Inc. has a one year low of $353.99 and a one year high of $556.52.

HCA Healthcare (NYSE:HCA) last released its earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The business had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $19.76 billion. During the same quarter in the previous year, the business earned $6.84 earnings per share. HCA Healthcare’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that HCA Healthcare, Inc. will post 29.45 earnings per share for the current fiscal year.

HCA Healthcare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio is presently 10.45%.

About HCA Healthcare

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.