National HealthCare Co. (NYSEMKT:NHC) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.
National HealthCare (NYSEMKT:NHC) traded down 0.318% on Friday, hitting $64.295. 3,236 shares of the stock traded hands. The firm’s 50-day moving average price is $67.83 and its 200-day moving average price is $71.28. National HealthCare has a 12-month low of $57.73 and a 12-month high of $78.99. The stock has a market cap of $976.96 million, a price-to-earnings ratio of 20.219 and a beta of 0.91.
National HealthCare (NYSEMKT:NHC) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. The company had revenue of $239.46 million during the quarter. On average, equities research analysts anticipate that National HealthCare will post $2.54 EPS for the current fiscal year.
National HealthCare announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 9th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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In other National HealthCare news, SVP Jeffrey Russell Smith sold 4,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $72.78, for a total value of $291,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several institutional investors have recently added to or reduced their stakes in NHC. Wells Fargo & Company MN boosted its position in National HealthCare by 0.9% in the second quarter. Wells Fargo & Company MN now owns 7,995 shares of the company’s stock valued at $561,000 after buying an additional 72 shares during the period. Legal & General Group Plc boosted its position in National HealthCare by 3.0% in the second quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock valued at $195,000 after buying an additional 81 shares during the period. Schwab Charles Investment Management Inc. boosted its position in National HealthCare by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,843 shares of the company’s stock valued at $3,146,000 after buying an additional 356 shares during the period. Alliancebernstein L.P. boosted its position in National HealthCare by 2.7% in the second quarter. Alliancebernstein L.P. now owns 15,336 shares of the company’s stock valued at $1,076,000 after buying an additional 400 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in National HealthCare by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 131,542 shares of the company’s stock valued at $9,226,000 after buying an additional 719 shares during the period.
National HealthCare Company Profile
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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