Qsemble Capital Management LP Buys Shares of 18,099 GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Qsemble Capital Management LP purchased a new position in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,099 shares of the company's stock, valued at approximately $1,399,000.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in shares of GE HealthCare Technologies by 49.4% during the fourth quarter. Jennison Associates LLC now owns 1,208,830 shares of the company's stock worth $93,467,000 after buying an additional 399,961 shares during the last quarter. South Dakota Investment Council raised its stake in shares of GE HealthCare Technologies by 272.1% in the fourth quarter. South Dakota Investment Council now owns 98,262 shares of the company's stock valued at $7,598,000 after purchasing an additional 71,857 shares in the last quarter. Cerity Partners LLC raised its stake in shares of GE HealthCare Technologies by 27.2% in the fourth quarter. Cerity Partners LLC now owns 45,929 shares of the company's stock valued at $3,551,000 after purchasing an additional 9,809 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of GE HealthCare Technologies by 3.9% in the fourth quarter. Fifth Third Bancorp now owns 33,632 shares of the company's stock valued at $2,600,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in shares of GE HealthCare Technologies by 22.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 436,253 shares of the company's stock valued at $33,731,000 after purchasing an additional 79,073 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Frank R. Jimenez purchased 1,315 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $76.52 per share, with a total value of $100,623.80. Following the completion of the purchase, the insider now directly owns 75,796 shares of the company's stock, valued at approximately $5,799,909.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by insiders.

GE HealthCare Technologies Price Performance

Shares of GEHC stock traded up $0.67 during trading hours on Friday, hitting $83.40. 1,856,327 shares of the company's stock were exchanged, compared to its average volume of 3,049,681. The stock's 50-day moving average is $87.22 and its 200-day moving average is $79.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 0.83. The stock has a market cap of $38.07 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. GE HealthCare Technologies Inc. has a 52 week low of $62.35 and a 52 week high of $94.50.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. GE HealthCare Technologies had a return on equity of 25.32% and a net margin of 8.05%. The company had revenue of $4.65 billion for the quarter, compared to analysts' expectations of $4.80 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The business's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts forecast that GE HealthCare Technologies Inc. will post 4.27 EPS for the current year.

GE HealthCare Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Thursday, April 18th. GE HealthCare Technologies's dividend payout ratio (DPR) is presently 3.51%.

Analyst Ratings Changes

A number of research analysts recently commented on GEHC shares. Mizuho cut their target price on GE HealthCare Technologies from $110.00 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, May 1st. Bank of America lowered their price target on GE HealthCare Technologies from $94.00 to $86.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley upped their price target on GE HealthCare Technologies from $74.00 to $86.00 and gave the company an "equal weight" rating in a research report on Monday, February 12th. Argus upped their price target on GE HealthCare Technologies from $80.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Finally, UBS Group upgraded GE HealthCare Technologies from a "sell" rating to a "neutral" rating and upped their price target for the company from $66.00 to $88.00 in a research report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.00.

About GE HealthCare Technologies

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.

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