HCA Holdings, Inc. (NYSE:HCA) Rating Lowered to Sell at BidaskClub

HCA Holdings, Inc. (NYSE:HCA) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Monday, July 24th.

A number of other equities research analysts have also issued reports on HCA. Mizuho raised HCA Holdings from a “neutral” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday, March 27th. Zacks Investment Research lowered HCA Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Deutsche Bank AG initiated coverage on HCA Holdings in a research report on Tuesday, April 4th. They set a “buy” rating and a $103.00 price target on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $95.00 price target on shares of HCA Holdings in a research report on Monday, April 17th. Finally, Morgan Stanley initiated coverage on HCA Holdings in a research report on Tuesday, June 6th. They set an “equal weight” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $92.88.

HCA Holdings (HCA) opened at 77.53 on Monday. The company has a 50-day moving average of $82.43 and a 200 day moving average of $84.28. HCA Holdings has a 1-year low of $67.00 and a 1-year high of $91.03. The stock has a market cap of $28.01 billion, a P/E ratio of 10.39 and a beta of 0.67.

HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share. Analysts predict that HCA Holdings will post $7.17 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was first reported by BNB Daily and is the property of of BNB Daily. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/hca-holdings-inc-nysehca-downgraded-to-sell-at-bidaskclub-updated-updated-updated.html.

In related news, SVP Jana Joustra Davis sold 54,689 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $82.35, for a total transaction of $4,503,639.15. Following the completion of the sale, the senior vice president now owns 107,892 shares in the company, valued at approximately $8,884,906.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael S. Cuffe sold 2,150 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $84.86, for a total value of $182,449.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,202 shares of company stock valued at $11,155,094. 2.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in shares of HCA Holdings by 6.0% in the first quarter. Nisa Investment Advisors LLC now owns 94,499 shares of the company’s stock valued at $8,409,000 after buying an additional 5,330 shares during the last quarter. Boston Advisors LLC increased its stake in shares of HCA Holdings by 0.6% in the first quarter. Boston Advisors LLC now owns 6,212 shares of the company’s stock valued at $553,000 after buying an additional 37 shares during the last quarter. DnB Asset Management AS increased its stake in shares of HCA Holdings by 23.0% in the first quarter. DnB Asset Management AS now owns 34,744 shares of the company’s stock valued at $3,092,000 after buying an additional 6,500 shares during the last quarter. Americafirst Capital Management LLC increased its stake in shares of HCA Holdings by 628.8% in the first quarter. Americafirst Capital Management LLC now owns 27,803 shares of the company’s stock valued at $2,474,000 after buying an additional 23,988 shares during the last quarter. Finally, Fox Run Management L.L.C. increased its stake in shares of HCA Holdings by 78.5% in the first quarter. Fox Run Management L.L.C. now owns 6,068 shares of the company’s stock valued at $540,000 after buying an additional 2,668 shares during the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

HCA Holdings 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.

Analyst Recommendations for HCA Holdings (NYSE:HCA)

Receive News & Ratings for HCA Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCA Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply