676,554 Shares in Ramsay Health Care Limited $RMSYF Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Ramsay Health Care Limited (OTCMKTS:RMSYF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 676,554 shares of the company’s stock, valued at approximately $13,261,000.

A number of other institutional investors have also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in shares of Ramsay Health Care in the 2nd quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new stake in shares of Ramsay Health Care in the second quarter worth $128,000. Allworth Financial LP acquired a new stake in shares of Ramsay Health Care in the second quarter worth $134,000. Callan Family Office LLC bought a new stake in shares of Ramsay Health Care during the 2nd quarter worth $226,000. Finally, Principle Wealth Partners LLC bought a new stake in Ramsay Health Care during the second quarter valued at about $300,000. Institutional investors and hedge funds own 13.17% of the company’s stock.

Ramsay Health Care Price Performance

OTCMKTS RMSYF opened at $29.58 on Friday. The company has a 50 day moving average of $29.22 and a 200-day moving average of $26.43. Ramsay Health Care Limited has a 1-year low of $24.61 and a 1-year high of $30.00.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Ramsay Health Care to a “buy” rating and set a $54.10 price objective on the stock in a research note on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ramsay Health Care has an average rating of “Buy” and an average price target of $54.10.

About Ramsay Health Care

Ramsay Health Care is a multinational operator of private hospitals and healthcare facilities, offering a broad range of medical, surgical and rehabilitative services. The company’s primary activities include inpatient and day?patient care, elective surgery, maternity and neonatal services, mental health treatment, oncology, cardiology and allied health support. In addition to acute hospital services, Ramsay Health Care provides aged care and retirement living communities in select markets, integrating complementary care settings to meet diverse patient needs.

Founded in 1964 by Australian entrepreneur Paul Ramsay, the group has grown through strategic acquisitions and greenfield developments to become one of the world’s largest private hospital networks.