Fairtree Asset Management Pty Ltd Makes New $1.15 Million Investment in HCA Healthcare, Inc. $HCA

Fairtree Asset Management Pty Ltd purchased a new position in HCA Healthcare, Inc. (NYSE:HCA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,939 shares of the company's stock, valued at approximately $1,146,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of HCA Healthcare by 6.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 64,237 shares of the company's stock valued at $29,990,000 after purchasing an additional 3,724 shares in the last quarter. Advisors Capital Management LLC raised its position in HCA Healthcare by 61.5% in the 4th quarter. Advisors Capital Management LLC now owns 6,836 shares of the company's stock worth $3,192,000 after buying an additional 2,604 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of HCA Healthcare in the fourth quarter worth approximately $1,905,000. Arrowstreet Capital Limited Partnership lifted its position in HCA Healthcare by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,311,112 shares of the company's stock valued at $1,078,966,000 after purchasing an additional 245,887 shares during the period. Finally, Sunbelt Securities Inc. grew its position in HCA Healthcare by 171.7% in the 1st quarter. Sunbelt Securities Inc. now owns 6,242 shares of the company's stock worth $2,954,000 after purchasing an additional 3,945 shares during the period. Institutional investors own 62.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HCA shares. TD Cowen lowered their target price on HCA Healthcare from $500.00 to $431.00 and set a "buy" rating on the stock in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft set a $476.00 price objective on shares of HCA Healthcare in a research note on Monday, July 27th. Wells Fargo & Company upped their target price on shares of HCA Healthcare from $369.00 to $381.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Wall Street Zen lowered HCA Healthcare from a "buy" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, The Goldman Sachs Group lowered their target price on HCA Healthcare from $558.00 to $485.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, HCA Healthcare currently has an average rating of "Moderate Buy" and a consensus price target of $462.64.

HCA Healthcare Price Performance

Shares of HCA stock opened at $406.33 on Friday. The company has a market capitalization of $87.97 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.41 and a beta of 1.10. The company's fifty day moving average price is $396.32 and its 200-day moving average price is $444.25. HCA Healthcare, Inc. has a one year low of $353.99 and a one year high of $556.52.

HCA Healthcare (NYSE:HCA - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.56 by $0.03. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The business had revenue of $20.23 billion during the quarter, compared to analyst estimates of $19.76 billion. During the same quarter in the prior year, the business posted $6.84 EPS. HCA Healthcare's revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that HCA Healthcare, Inc. will post 29.47 earnings per share for the current fiscal year.

HCA Healthcare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare's dividend payout ratio (DPR) is 10.45%.

About HCA Healthcare

HCA Healthcare is a for‑profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company's core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA's services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.

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