Geode Capital Management LLC Sells 3,824 Shares of National HealthCare Co. (NYSE:NHC)

Geode Capital Management LLC decreased its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,662 shares of the company's stock after selling 3,824 shares during the quarter. Geode Capital Management LLC owned approximately 1.87% of National HealthCare worth $31,056,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NHC. Pinnacle Financial Partners Inc raised its position in National HealthCare by 0.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 15,597 shares of the company's stock valued at $1,678,000 after purchasing an additional 145 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of National HealthCare by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,798 shares of the company's stock valued at $624,000 after buying an additional 145 shares during the last quarter. RWA Wealth Partners LLC grew its holdings in National HealthCare by 16.7% during the 4th quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock worth $226,000 after acquiring an additional 300 shares during the last quarter. Sei Investments Co. raised its stake in shares of National HealthCare by 3.7% in the fourth quarter. Sei Investments Co. now owns 9,618 shares of the company's stock worth $1,035,000 after acquiring an additional 340 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in shares of National HealthCare by 10.5% during the fourth quarter. Inspire Investing LLC now owns 4,092 shares of the company's stock worth $440,000 after purchasing an additional 390 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Trading Up 2.5 %

Shares of NHC stock traded up $2.27 on Tuesday, reaching $92.58. 47,875 shares of the stock were exchanged, compared to its average volume of 61,205. The stock has a 50 day moving average price of $93.35 and a 200 day moving average price of $107.02. The stock has a market cap of $1.43 billion, a PE ratio of 11.60 and a beta of 0.42. National HealthCare Co. has a one year low of $89.14 and a one year high of $138.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a yield of 2.64%. National HealthCare's payout ratio is presently 37.31%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of National HealthCare from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd.

National HealthCare Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.