California State Teachers Retirement System Has $2.94 Million Stock Position in National HealthCare Corporation $NHC

Key Points

• California State Teachers Retirement System increased its NHC stake by 13.8% in the second quarter, owning 13,899 shares valued at approximately $2.94 million. Institutional investors collectively hold 56.44% of National HealthCare’s stock.
• National HealthCare reported quarterly revenue of $408.03 million and earnings of $1.74 per share, while announcing a quarterly dividend of $0.67 per share, equivalent to a 1.2% yield.
• NHC shares recently traded near $225, with a market capitalization of $3.52 billion; analysts’ consensus rating is “Buy,” although company insiders sold roughly $2.9 million worth of shares over the past three months.

California State Teachers Retirement System increased its position in shares of National HealthCare Corporation (NYSEAMERICAN:NHC - Free Report) by 13.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,899 shares of the company's stock after acquiring an additional 1,682 shares during the period. California State Teachers Retirement System owned approximately 0.09% of National HealthCare worth $2,937,693 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 the company. Allworth Financial LP bought a new position in shares of National HealthCare in the second quarter worth about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of National HealthCare during the second quarter valued at about $37,000. Public Employees Retirement System of Ohio acquired a new stake in National HealthCare in the second quarter valued at $48,000. EverSource Wealth Advisors LLC increased its position in National HealthCare by 28.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company's stock valued at $50,000 after acquiring an additional 69 shares during the period. Finally, KBC Group NV purchased a new position in shares of National HealthCare in the first quarter valued at $82,000. Institutional investors own 56.44% of the company's stock.

Insider Transactions at National HealthCare

In other news, Director David R. Gifford sold 1,779 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $225.42, for a total transaction of $401,022.18. Following the completion of the sale, the director owned 1,030 shares of the company's stock, valued at $232,182.60. This represents a 63.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Josh A. Mccreary sold 2,719 shares of the business's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $224.23, for a total value of $609,681.37. Following the sale, the vice president owned 9,979 shares in the company, valued at $2,237,591.17. This represents a 21.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,811 shares of company stock valued at $2,904,018 in the last three months. Company insiders own 13.92% of the company's stock.

National HealthCare Price Performance

NHC stock traded down $2.77 during midday trading on Tuesday, hitting $224.99. 25,734 shares of the stock traded hands, compared to its average volume of 109,919. The stock's fifty day simple moving average is $222.17 and its 200-day simple moving average is $194.59. The firm has a market cap of $3.52 billion, a P/E ratio of 25.29 and a beta of 0.62. National HealthCare Corporation has a 1-year low of $114.59 and a 1-year high of $239.29.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%. The company had revenue of $408.03 million during the quarter.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. National HealthCare's payout ratio is presently 61.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NHC shares. Royal Bank Of Canada upgraded National HealthCare to a "hold" rating in a research note on Monday, May 18th. Robert W. Baird raised National HealthCare to a "strong-buy" rating in a research report on Monday, May 18th. The Goldman Sachs Group upgraded National HealthCare to a "strong-buy" rating in a research report on Monday, May 18th. Finally, BMO Capital Markets upgraded National HealthCare to a "hold" rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

National HealthCare Profile

National HealthCare Corporation (NHC) is a provider of post-acute health care and senior living services headquartered in Murfreesboro, Tennessee. The company operates skilled nursing and rehabilitation centers, assisted living and retirement communities, and other services designed to support patients and residents who need short-term recovery, long-term care or assistance with daily living.

NHC also provides home health, hospice and palliative care, behavioral health services, and pharmacy services.

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