Ramsey Quantitative Systems purchased a new position in National HealthCare Co. (NYSEAMERICAN:NHC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,868 shares of the company’s stock, valued at approximately $114,000.
Other hedge funds also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC bought a new position in shares of National HealthCare during the fourth quarter valued at approximately $108,000. Bank of New York Mellon Corp increased its stake in shares of National HealthCare by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 141,394 shares of the company’s stock valued at $8,616,000 after purchasing an additional 10,937 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of National HealthCare by 41.8% during the fourth quarter. Wells Fargo & Company MN now owns 17,735 shares of the company’s stock valued at $1,081,000 after purchasing an additional 5,226 shares in the last quarter. First Trust Advisors LP increased its stake in shares of National HealthCare by 53.7% during the fourth quarter. First Trust Advisors LP now owns 37,203 shares of the company’s stock valued at $2,267,000 after purchasing an additional 12,994 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. increased its stake in shares of National HealthCare by 30.0% during the fourth quarter. Pinnacle Financial Partners Inc. now owns 19,730 shares of the company’s stock valued at $1,202,000 after purchasing an additional 4,550 shares in the last quarter.
In other news, SVP Jeffrey Russell Smith sold 1,499 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $67.06, for a total transaction of $100,522.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Separately, BidaskClub downgraded shares of National HealthCare from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 7th.
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National HealthCare 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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