Ameriprise Financial Inc. Cuts Stock Position in National HealthCare Co. (NYSE:NHC)

Ameriprise Financial Inc. cut its stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,214 shares of the company's stock after selling 2,672 shares during the quarter. Ameriprise Financial Inc. owned 0.18% of National HealthCare worth $2,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NHC. Northern Trust Corp grew its stake in shares of National HealthCare by 4.8% during the fourth quarter. Northern Trust Corp now owns 193,792 shares of the company's stock worth $20,844,000 after buying an additional 8,795 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of National HealthCare by 486.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 11,179 shares of the company's stock valued at $1,202,000 after acquiring an additional 9,272 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in National HealthCare during the 4th quarter worth $406,000. Voya Investment Management LLC increased its holdings in National HealthCare by 9.5% in the 4th quarter. Voya Investment Management LLC now owns 7,081 shares of the company's stock worth $762,000 after purchasing an additional 614 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in National HealthCare by 5.3% in the fourth quarter. Hood River Capital Management LLC now owns 37,409 shares of the company's stock valued at $4,024,000 after purchasing an additional 1,887 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised National HealthCare from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 12th.

National HealthCare Stock Down 0.6%

National HealthCare stock traded down $0.58 during midday trading on Friday, reaching $104.14. The stock had a trading volume of 43,482 shares, compared to its average volume of 55,126. The company has a fifty day moving average price of $96.76 and a two-hundred day moving average price of $102.68. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $138.49. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.61 billion, a P/E ratio of 13.05 and a beta of 0.51.

National HealthCare Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given a dividend of $0.64 per share. This is a positive change from National HealthCare's previous quarterly dividend of $0.61. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, June 30th. National HealthCare's dividend payout ratio (DPR) is presently 36.99%.

National HealthCare Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.