The Goldman Sachs Group Upgrades National HealthCare (NYSEAMERICAN:NHC) to Strong-Buy

National HealthCare (NYSEAMERICAN:NHC) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on NHC. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research report on Monday. BMO Capital Markets upgraded shares of National HealthCare to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, National HealthCare currently has an average rating of “Buy”.

National HealthCare Stock Performance

Shares of NYSEAMERICAN NHC opened at $196.30 on Monday. The company’s fifty day moving average price is $168.98 and its 200 day moving average price is $151.30. National HealthCare has a 1 year low of $93.54 and a 1 year high of $199.62. The company has a market capitalization of $3.07 billion, a PE ratio of 24.94 and a beta of 0.64.

National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $381.82 million for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%.

Institutional Investors Weigh In On National HealthCare

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National HealthCare in the third quarter valued at about $25,000. Quarry LP raised its position in shares of National HealthCare by 171.9% in the third quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after buying an additional 165 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of National HealthCare in the fourth quarter valued at about $42,000. EverSource Wealth Advisors LLC raised its position in shares of National HealthCare by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the last quarter. Finally, Simplex Trading LLC raised its position in shares of National HealthCare by 140.0% in the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after buying an additional 203 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.