Canoe Financial LP Has $56.71 Million Stock Position in HCA Healthcare, Inc. (NYSE:HCA)

Canoe Financial LP cut its position in shares of HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 29.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,123 shares of the company's stock after selling 67,471 shares during the quarter. Canoe Financial LP owned 0.07% of HCA Healthcare worth $56,713,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in HCA Healthcare in the first quarter worth $28,000. Whipplewood Advisors LLC bought a new position in shares of HCA Healthcare during the 4th quarter worth about $31,000. Tidemark LLC bought a new stake in HCA Healthcare in the fourth quarter valued at about $36,000. ORG Partners LLC lifted its stake in HCA Healthcare by 344.0% during the first quarter. ORG Partners LLC now owns 111 shares of the company's stock worth $38,000 after purchasing an additional 86 shares during the period. Finally, Legacy Investment Solutions LLC raised its holdings in shares of HCA Healthcare by 99.0% in the 4th quarter. Legacy Investment Solutions LLC now owns 191 shares of the company's stock worth $62,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HCA. Guggenheim initiated coverage on HCA Healthcare in a research report on Wednesday, April 9th. They issued a "neutral" rating on the stock. Baird R W cut shares of HCA Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wells Fargo & Company raised shares of HCA Healthcare from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $320.00 to $385.00 in a research note on Thursday, May 29th. Barclays set a $416.00 target price on HCA Healthcare and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Stephens upgraded HCA Healthcare to a "strong-buy" rating in a research report on Monday, June 2nd. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $392.47.

HCA Healthcare Trading Up 0.1%

Shares of HCA traded up $0.40 during trading hours on Friday, hitting $377.26. 4,238,388 shares of the stock traded hands, compared to its average volume of 1,470,176. The business has a fifty day moving average of $362.30 and a 200-day moving average of $334.84. The company has a current ratio of 1.19, a quick ratio of 1.06 and a debt-to-equity ratio of 69.07. The firm has a market capitalization of $90.76 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.30 and a beta of 1.49. HCA Healthcare, Inc. has a 1-year low of $289.98 and a 1-year high of $417.14.

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

HCA Healthcare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.88 dividend on an annualized basis and a yield of 0.76%. HCA Healthcare's dividend payout ratio is presently 12.81%.

Insider Transactions at HCA Healthcare

In related news, COO Jon M. Foster sold 15,698 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $369.32, for a total transaction of $5,797,585.36. Following the sale, the chief operating officer now owns 12,646 shares of the company's stock, valued at approximately $4,670,420.72. This trade represents a 55.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company's stock.

HCA Healthcare 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.