Landscape Capital Management L.L.C. Purchases New Shares in HCA Healthcare, Inc. $HCA

Key Points

• Landscape Capital Management acquired 6,186 HCA Healthcare shares worth approximately $2.4 million during the second quarter. Institutional investors collectively own 62.73% of HCA’s outstanding stock.
• Analysts remain broadly positive, with 14 Buy, eight Hold, and one Sell rating; the consensus rating is “Moderate Buy” with a target price of $462.64, despite several recent target reductions.
• HCA reported quarterly EPS of $7.59, slightly exceeding estimates, while revenue rose 8.7% year over year to $20.23 billion. The company also declared a quarterly dividend of $0.78 per share, representing a 0.7% yield.

Landscape Capital Management L.L.C. acquired a new stake in HCA Healthcare, Inc. (NYSE:HCA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,186 shares of the company's stock, valued at approximately $2,412,000.

Several other institutional investors have also recently added to or reduced their stakes in HCA. Nomura Asset Management Co. Ltd. increased its holdings in shares of HCA Healthcare by 6.2% in 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 during the period. Advisors Capital Management LLC grew 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 valued at $3,192,000 after buying an additional 2,604 shares during the last quarter. Liberty Wealth Management LLC purchased a new position in HCA Healthcare during the 4th quarter worth $1,905,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of HCA Healthcare by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,311,112 shares of the company's stock worth $1,078,966,000 after acquiring an additional 245,887 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of HCA Healthcare by 171.7% during the first quarter. Sunbelt Securities Inc. now owns 6,242 shares of the company's stock worth $2,954,000 after acquiring an additional 3,945 shares during the period. Institutional investors and hedge funds own 62.73% of the company's stock.

Analyst Ratings Changes

HCA has been the topic of a number of analyst reports. TD Cowen lowered their price objective on HCA Healthcare from $500.00 to $431.00 and set a "buy" rating on the stock in a report on Monday, June 22nd. KeyCorp dropped their price objective on HCA Healthcare from $475.00 to $435.00 and set an "overweight" rating on the stock in a report on Monday, July 27th. Wall Street Zen downgraded HCA Healthcare from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Leerink Partners lowered their price target on shares of HCA Healthcare from $573.00 to $500.00 and set an "outperform" rating on the stock in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of HCA Healthcare from $558.00 to $485.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $462.64.

HCA Healthcare Stock Up 5.6%

Shares of HCA stock opened at $429.08 on Friday. The stock has a market cap of $92.90 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.49 and a beta of 1.10. HCA Healthcare, Inc. has a fifty-two week low of $353.99 and a fifty-two week high of $556.52. The business has a fifty day simple moving average of $397.16 and a 200-day simple moving average of $444.14.

HCA Healthcare (NYSE:HCA - Get Free Report) last posted its earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, beating the consensus estimate of $7.56 by $0.03. The firm had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.76 billion. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $6.84 EPS. On average, sell-side analysts anticipate that HCA Healthcare, Inc. will post 29.47 earnings per share for the current year.

HCA Healthcare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.12 annualized dividend and a yield of 0.7%. HCA Healthcare's dividend payout ratio (DPR) is presently 10.45%.

HCA Healthcare Profile

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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