52,316 Shares in HCA Healthcare, Inc. $HCA Purchased by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in HCA Healthcare, Inc. (NYSE:HCA) during the second quarter, HoldingsChannel reports. The institutional investor acquired 52,316 shares of the company’s stock, valued at approximately $20,397,000.

A number of other hedge funds have also added to or reduced their stakes in HCA. Barden Capital Management Inc. bought a new position in HCA Healthcare in the 2nd quarter worth $822,000. Flputnam Investment Management Co. purchased a new stake in HCA Healthcare in the second quarter worth about $301,000. Global Retirement Partners LLC purchased a new position in shares of HCA Healthcare in the 2nd quarter valued at approximately $1,215,000. 1ST Source Bank bought a new position in HCA Healthcare in the second quarter worth $3,382,000. Finally, Dodds Wealth LLC purchased a new position in HCA Healthcare during the 2nd quarter valued at about $312,000. 62.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group set a $450.00 price target on HCA Healthcare in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of HCA Healthcare from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Morgan Stanley dropped their target price on shares of HCA Healthcare from $425.00 to $380.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $435.00 price objective on shares of HCA Healthcare in a research report on Monday, July 27th. Finally, Raymond James Financial set a $528.00 price target on HCA Healthcare in a research note on Tuesday, July 7th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $465.59.

HCA Healthcare Trading Down 0.0%

Shares of HCA stock opened at $404.61 on Monday. The stock has a market capitalization of $87.60 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.40 and a beta of 1.10. The firm’s 50 day moving average is $393.41 and its 200 day moving average is $446.61. HCA Healthcare, Inc. has a 12-month low of $353.99 and a 12-month high of $556.52.

HCA Healthcare (NYSE:HCA) last released its quarterly earnings results on Friday, July 24th. The company reported $7.59 earnings per share for the quarter, beating the consensus estimate of $7.56 by $0.03. The firm had revenue of $20.23 billion for the quarter, compared to analysts’ expectations of $19.76 billion. HCA Healthcare had a negative return on equity of 244.79% and a net margin of 8.77%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.84 EPS. As a group, equities analysts predict that HCA Healthcare, Inc. will post 29.47 earnings per share for the current year.

HCA Healthcare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 16th. HCA Healthcare’s dividend payout ratio is currently 10.45%.

About HCA Healthcare

HCA Healthcare is a for?profit operator of healthcare facilities headquartered in Nashville, Tennessee. Founded in 1968, the company owns and operates a network of hospitals and related healthcare facilities and has grown through organic expansion and acquisitions to become a large provider of inpatient and outpatient services.

The company’s core activities include the operation of acute care hospitals, freestanding surgical and emergency centers, and outpatient clinics. HCA’s services encompass inpatient care, surgical services, emergency medicine, diagnostic imaging and laboratory testing, and various outpatient and ambulatory care offerings.