AlphaStar Capital Management LLC Acquires 748 Shares of HCA Healthcare, Inc. (NYSE:HCA)

AlphaStar Capital Management LLC grew its position in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 9.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,490 shares of the company's stock after purchasing an additional 748 shares during the quarter. AlphaStar Capital Management LLC's holdings in HCA Healthcare were worth $2,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCA. Atwood & Palmer Inc. acquired a new position in HCA Healthcare in the first quarter valued at approximately $28,000. Bartlett & CO. Wealth Management LLC lifted its stake in HCA Healthcare by 888.9% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 89 shares of the company's stock valued at $31,000 after buying an additional 80 shares during the period. Tidemark LLC bought a new stake in shares of HCA Healthcare during the fourth quarter valued at approximately $36,000. ORG Partners LLC increased its holdings in shares of HCA Healthcare by 344.0% during the first quarter. ORG Partners LLC now owns 111 shares of the company's stock valued at $38,000 after acquiring an additional 86 shares in the last quarter. Finally, Legacy Investment Solutions LLC increased its holdings in shares of HCA Healthcare by 99.0% during the fourth quarter. Legacy Investment Solutions LLC now owns 191 shares of the company's stock valued at $62,000 after acquiring an additional 95 shares in the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HCA Healthcare

In related news, COO Jon M. Foster sold 15,698 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $369.32, for a total value of $5,797,585.36. Following the sale, the chief operating officer directly owned 12,646 shares in the company, valued at approximately $4,670,420.72. The trade was a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by company insiders.

HCA Healthcare Stock Down 0.7%

Shares of HCA Healthcare stock traded down $2.56 on Friday, reaching $375.76. The company's stock had a trading volume of 877,097 shares, compared to its average volume of 1,459,427. The company has a quick ratio of 1.06, a current ratio of 1.19 and a debt-to-equity ratio of 69.07. HCA Healthcare, Inc. has a 52 week low of $289.98 and a 52 week high of $417.14. The company has a market capitalization of $90.40 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.31 and a beta of 1.47. The firm's fifty day simple moving average is $375.13 and its two-hundred day simple moving average is $341.72.

HCA Healthcare (NYSE:HCA - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $6.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $0.70. HCA Healthcare had a return on equity of 1,063.91% and a net margin of 8.07%. The business had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.26 billion. During the same quarter in the previous year, the company posted $5.36 earnings per share. HCA Healthcare's revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts anticipate that HCA Healthcare, Inc. will post 24.98 earnings per share for the current year.

HCA Healthcare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Monday, June 16th. HCA Healthcare's dividend payout ratio (DPR) is 12.81%.

Wall Street Analyst Weigh In

HCA has been the subject of several recent research reports. Guggenheim initiated coverage on HCA Healthcare in a report on Wednesday, April 9th. They set a "neutral" rating for the company. Baird R W downgraded HCA Healthcare from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Robert W. Baird reiterated a "neutral" rating and set a $336.00 price target (down previously from $396.00) on shares of HCA Healthcare in a report on Tuesday, April 15th. Stephens upgraded HCA Healthcare to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company upgraded HCA Healthcare from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $320.00 to $385.00 in a report on Thursday, May 29th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $395.71.

HCA Healthcare Company Profile

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.