National HealthCare Co. (NYSEAMERICAN:NHC) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 151,800 shares, a decline of 5.2% from the July 31st total of 160,100 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 4.6 days.
Shares of NYSEAMERICAN:NHC opened at $84.71 on Monday. National HealthCare has a fifty-two week low of $70.89 and a fifty-two week high of $89.54.
National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.84 earnings per share for the quarter. The company had revenue of $247.15 million during the quarter.
Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of National HealthCare by 35.8% during the second quarter. Royal Bank of Canada now owns 10,307 shares of the company’s stock worth $837,000 after purchasing an additional 2,719 shares during the last quarter. United Services Automobile Association grew its holdings in shares of National HealthCare by 9.2% during the second quarter. United Services Automobile Association now owns 7,996 shares of the company’s stock worth $649,000 after purchasing an additional 677 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of National HealthCare during the second quarter worth $122,000. Nuveen Asset Management LLC bought a new stake in shares of National HealthCare during the second quarter worth $4,488,000. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of National HealthCare during the second quarter worth $219,000.
About National HealthCare
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.
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