Private Advisor Group LLC Takes $943,000 Position in National HealthCare Co. (NYSEAMERICAN:NHC)

Private Advisor Group LLC purchased a new stake in shares of National HealthCare Co. (NYSEAMERICAN:NHC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,201 shares of the company's stock, valued at approximately $943,000. Private Advisor Group LLC owned approximately 0.07% of National HealthCare at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in National HealthCare by 9,150.0% during the 4th quarter. International Assets Investment Management LLC now owns 370 shares of the company's stock valued at $34,000 after purchasing an additional 366 shares during the period. Blue Trust Inc. bought a new position in shares of National HealthCare during the fourth quarter worth $46,000. Mutual of America Capital Management LLC purchased a new position in National HealthCare during the fourth quarter valued at $218,000. RFG Advisory LLC bought a new stake in National HealthCare in the 4th quarter valued at $255,000. Finally, New York State Teachers Retirement System purchased a new stake in National HealthCare in the 4th quarter worth $277,000. 56.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 9th.

National HealthCare Trading Up 1.1 %

Shares of NHC traded up $1.06 during trading hours on Friday, reaching $100.40. 32,614 shares of the company traded hands, compared to its average volume of 68,390. National HealthCare Co. has a 12-month low of $56.87 and a 12-month high of $101.81. The firm has a market capitalization of $1.55 billion, a P/E ratio of 22.94 and a beta of 0.37.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The company reported $0.98 earnings per share for the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%. The firm had revenue of $300.91 million during the quarter.

About National HealthCare

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.