Hurley Capital LLC Invests $1.59 Million in HCA Healthcare, Inc. (NYSE:HCA)

Key Points

• Hurley Capital LLC has acquired 4,593 shares of HCA Healthcare, valued at approximately $1,587,000, making it the firm's 23rd largest position.
• HCA's stock price increased by 1.8%, with a market capitalization of $81.87 billion and a price-to-earnings ratio of 14.30.
• The company recently announced a quarterly dividend of $0.72 per share, representing an annualized amount of $2.88 and a yield of 0.85%.

Hurley Capital LLC purchased a new position in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,593 shares of the company's stock, valued at approximately $1,587,000. HCA Healthcare accounts for about 1.2% of Hurley Capital LLC's holdings, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in HCA Healthcare during the 1st quarter worth $28,000. Bartlett & CO. Wealth Management LLC increased its stake in HCA Healthcare by 888.9% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 89 shares of the company's stock worth $31,000 after buying an additional 80 shares during the period. ORG Partners LLC grew its holdings in HCA Healthcare by 344.0% during the 1st quarter. ORG Partners LLC now owns 111 shares of the company's stock worth $38,000 after acquiring an additional 86 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in HCA Healthcare by 75.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 116 shares of the company's stock worth $40,000 after acquiring an additional 50 shares in the last quarter. Finally, Legacy Investment Solutions LLC grew its holdings in HCA Healthcare by 99.0% during the 4th quarter. Legacy Investment Solutions LLC now owns 191 shares of the company's stock worth $62,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 62.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on HCA shares. Wells Fargo & Company raised shares of HCA Healthcare from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $320.00 to $385.00 in a report on Thursday, May 29th. Wolfe Research lowered shares of HCA Healthcare from an "outperform" rating to a "peer perform" rating in a report on Monday. Morgan Stanley decreased their price target on shares of HCA Healthcare from $410.00 to $400.00 and set an "equal weight" rating for the company in a report on Monday. Bank of America lowered shares of HCA Healthcare from a "buy" rating to a "neutral" rating and set a $394.00 price target for the company. in a report on Wednesday, July 16th. Finally, Guggenheim assumed coverage on shares of HCA Healthcare in a report on Wednesday, April 9th. They issued a "neutral" rating for the company. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $396.46.

HCA Healthcare Price Performance

Shares of HCA stock traded up $3.60 during midday trading on Friday, reaching $357.59. 719,229 shares of the company were exchanged, compared to its average volume of 1,605,027. HCA Healthcare, Inc. has a 12 month low of $289.98 and a 12 month high of $417.14. The company has a market cap of $86.03 billion, a P/E ratio of 15.03, a PEG ratio of 1.12 and a beta of 1.47. The company's 50 day moving average price is $371.06 and its two-hundred day moving average price is $346.78. The company has a debt-to-equity ratio of 69.07, a quick ratio of 0.86 and a current ratio of 0.98.

HCA Healthcare (NYSE:HCA - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $6.84 EPS for the quarter, topping analysts' consensus estimates of $6.20 by $0.64. HCA Healthcare had a net margin of 8.21% and a negative return on equity of 7,363.11%. The business had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.49 billion. During the same period in the previous year, the firm earned $5.50 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts expect that HCA Healthcare, Inc. will post 24.98 earnings per share for the current year.

HCA Healthcare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 16th. HCA Healthcare's payout ratio is presently 12.11%.

Insider Activity at HCA Healthcare

In other news, COO Jon M. Foster sold 15,698 shares of HCA Healthcare stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $369.32, for a total value of $5,797,585.36. Following the transaction, the chief operating officer directly owned 12,646 shares of the company's stock, valued at $4,670,420.72. This trade represents a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is owned by insiders.

About HCA Healthcare

HCA Healthcare, Inc, through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.