GE HealthCare Technologies Inc. (NASDAQ:GEHC) Short Interest Update

GE HealthCare Technologies Inc. (NASDAQ:GEHC - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 10,950,000 shares, a decrease of 10.0% from the March 31st total of 12,170,000 shares. Approximately 2.6% of the company's stock are short sold. Based on an average daily volume of 3,490,000 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

GEHC has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of GE HealthCare Technologies from $96.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. Citigroup raised their price target on shares of GE HealthCare Technologies from $88.00 to $103.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. HSBC began coverage on shares of GE HealthCare Technologies in a report on Thursday, February 15th. They set a "buy" rating and a $100.00 price target on the stock. UBS Group raised shares of GE HealthCare Technologies from a "sell" rating to a "neutral" rating and raised their price target for the company from $66.00 to $88.00 in a report on Monday, February 12th. Finally, Argus raised their price target on shares of GE HealthCare Technologies from $80.00 to $110.00 and gave the company a "buy" rating in a report on Monday, April 1st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.09.

Institutional Investors Weigh In On GE HealthCare Technologies

Several institutional investors and hedge funds have recently modified their holdings of GEHC. First Command Advisory Services Inc. raised its position in shares of GE HealthCare Technologies by 36,900.0% during the third quarter. First Command Advisory Services Inc. now owns 370 shares of the company's stock valued at $25,000 after buying an additional 369 shares during the last quarter. Legacy Financial Group LLC bought a new stake in GE HealthCare Technologies in the third quarter worth $26,000. OFI Invest Asset Management bought a new stake in GE HealthCare Technologies in the third quarter worth $26,000. ORG Partners LLC increased its position in GE HealthCare Technologies by 174.2% in the third quarter. ORG Partners LLC now owns 425 shares of the company's stock worth $29,000 after purchasing an additional 270 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in GE HealthCare Technologies in the fourth quarter worth $29,000. Institutional investors own 82.06% of the company's stock.

GE HealthCare Technologies Stock Performance

NASDAQ GEHC traded up $2.70 on Monday, reaching $88.94. 4,352,165 shares of the stock were exchanged, compared to its average volume of 3,310,507. GE HealthCare Technologies has a one year low of $62.35 and a one year high of $94.50. The firm has a market capitalization of $40.59 billion, a PE ratio of 29.45, a PEG ratio of 3.00 and a beta of 0.95. The company's 50-day simple moving average is $88.98 and its two-hundred day simple moving average is $78.75. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The company had revenue of $5.20 billion for the quarter, compared to analysts' expectations of $5.09 billion. During the same quarter last year, the business earned $1.31 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. Analysts expect that GE HealthCare Technologies will post 4.3 EPS for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.13%. The ex-dividend date is Thursday, April 18th. GE HealthCare Technologies's payout ratio is currently 3.97%.

GE HealthCare Technologies Company Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.