QRG Capital Management Inc. Lowers Position in HCA Healthcare, Inc. $HCA

Key Points

• QRG Capital Management cut its HCA Healthcare position by 8.9% in the second quarter, selling 4,290 shares and retaining 44,140 shares valued at approximately $17.2 million. Institutional investors collectively own 62.73% of HCA.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $463.70, although several firms recently lowered their targets.
• HCA exceeded quarterly expectations with $7.59 in earnings per share and $20.23 billion in revenue, while revenue grew 8.7% year over year. The company also declared a quarterly dividend of $0.78, equivalent to a 0.7% annual yield.

QRG Capital Management Inc. lessened its holdings in HCA Healthcare, Inc. (NYSE:HCA - Free Report) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,140 shares of the company's stock after selling 4,290 shares during the quarter. QRG Capital Management Inc.'s holdings in HCA Healthcare were worth $17,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCA. Envestnet Portfolio Solutions Inc. grew its position in HCA Healthcare by 2.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,692 shares of the company's stock worth $1,050,000 after buying an additional 72 shares during the period. Andra AP fonden grew its holdings in shares of HCA Healthcare by 21.1% in the 2nd quarter. Andra AP fonden now owns 56,323 shares of the company's stock worth $21,960,000 after acquiring an additional 9,800 shares during the period. Tidal Investments LLC raised its holdings in HCA Healthcare by 12.3% during the second quarter. Tidal Investments LLC now owns 69,190 shares of the company's stock worth $26,976,000 after purchasing an additional 7,570 shares during the last quarter. Archford Capital Strategies LLC boosted its position in HCA Healthcare by 8.0% during the second quarter. Archford Capital Strategies LLC now owns 2,943 shares of the company's stock worth $1,147,000 after purchasing an additional 217 shares in the last quarter. Finally, National Pension Service increased its position in shares of HCA Healthcare by 0.5% in the second quarter. National Pension Service now owns 591,578 shares of the company's stock valued at $230,650,000 after buying an additional 2,820 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HCA. JPMorgan Chase & Co. reduced their target price on HCA Healthcare from $490.00 to $425.00 and set a "neutral" rating on the stock in a research note on Thursday, August 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $435.00 price objective on shares of HCA Healthcare in a research note on Tuesday, September 8th. Oppenheimer decreased their price target on shares of HCA Healthcare from $520.00 to $485.00 and set an "outperform" rating on the stock in a research note on Monday, July 27th. Weiss Ratings reissued a "hold (c+)" rating on shares of HCA Healthcare in a research note on Friday, September 4th. Finally, Robert W. Baird dropped their target price on HCA Healthcare from $396.00 to $393.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Fifteen 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $463.70.

HCA Healthcare Price Performance

Shares of NYSE HCA opened at $436.71 on Thursday. The company has a market capitalization of $94.55 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.48 and a beta of 1.10. HCA Healthcare, Inc. has a 1-year low of $353.99 and a 1-year high of $556.52. The business has a 50-day moving average of $409.76 and a 200-day moving average of $426.80.

HCA Healthcare (NYSE:HCA - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, topping analysts' consensus estimates of $7.56 by $0.03. The firm had revenue of $20.23 billion during the quarter, compared to analysts' expectations of $19.76 billion. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.HCA Healthcare's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.84 EPS. Research analysts expect that HCA Healthcare, Inc. will post 29.42 EPS for the current fiscal year.

HCA Healthcare Dividend Announcement

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

HCA Healthcare Company Profile

HCA Healthcare, Inc NYSE: HCA is a healthcare services company that operates hospitals and other healthcare facilities. Its network provides a broad range of medical services, including emergency care, inpatient and outpatient treatment, surgery, diagnostic services, and maternity care.

The company also operates ambulatory surgery centers, urgent care facilities, physician practices, and other outpatient locations. HCA Healthcare serves patients through facilities located across the United States, as well as through HCA Healthcare UK, its healthcare operations in the United Kingdom.

HCA Healthcare was founded in 1968 by Dr.

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