Acadian Asset Management LLC lessened its holdings in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,683 shares of the company’s stock after selling 22,310 shares during the period. Acadian Asset Management LLC owned approximately 2.22% of National HealthCare worth $20,518,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of NHC. Renaissance Technologies LLC lifted its holdings in shares of National HealthCare by 17.5% during the 2nd quarter. Renaissance Technologies LLC now owns 422,500 shares of the company’s stock valued at $29,634,000 after purchasing an additional 63,074 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in National HealthCare by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 529,847 shares of the company’s stock worth $37,164,000 after acquiring an additional 28,157 shares during the last quarter. OxFORD Asset Management LLP raised its stake in National HealthCare by 792.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 29,429 shares of the company’s stock worth $1,852,000 after acquiring an additional 26,130 shares during the last quarter. Northern Trust Corp raised its stake in National HealthCare by 10.4% in the 2nd quarter. Northern Trust Corp now owns 242,824 shares of the company’s stock worth $17,032,000 after acquiring an additional 22,947 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in National HealthCare by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 889,216 shares of the company’s stock worth $62,369,000 after acquiring an additional 21,666 shares during the last quarter.
A number of brokerages recently issued reports on NHC. BidaskClub upgraded National HealthCare from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 18th. ValuEngine lowered National HealthCare from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.
National HealthCare Co. (NHC) opened at $63.07 on Friday. The stock has a market capitalization of $958.47, a price-to-earnings ratio of 19.71 and a beta of 0.40. National HealthCare Co. has a 52 week low of $57.73 and a 52 week high of $77.00.
National HealthCare (NYSEAMERICAN:NHC) last issued its earnings results on Thursday, November 9th. The company reported $0.75 earnings per share (EPS) for the quarter. The company had revenue of $241.99 million during the quarter. National HealthCare had a return on equity of 6.60% and a net margin of 4.62%.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, December 29th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, December 28th. National HealthCare’s dividend payout ratio is currently 60.00%.
In other National HealthCare news, Director James Paul Abernathy sold 800 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $64.00, for a total transaction of $51,200.00. Following the sale, the director now directly owns 23,478 shares of the company’s stock, valued at approximately $1,502,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jeffrey Russell Smith sold 1,499 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $67.06, for a total value of $100,522.94. The disclosure for this sale can be found here.
About National HealthCare
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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