Orbimed Advisors LLC Sells 410,000 Shares of HCA Holdings, Inc. (HCA)

Orbimed Advisors LLC lowered its position in HCA Holdings, Inc. (NYSE:HCA) by 68.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 187,400 shares of the company’s stock after selling 410,000 shares during the quarter. Orbimed Advisors LLC owned about 0.05% of HCA worth $14,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HCA. Longview Partners Guernsey LTD increased its holdings in HCA by 22.6% in the 3rd quarter. Longview Partners Guernsey LTD now owns 11,135,155 shares of the company’s stock worth $886,247,000 after acquiring an additional 2,053,701 shares during the last quarter. APG Asset Management N.V. increased its holdings in HCA by 141.4% in the 3rd quarter. APG Asset Management N.V. now owns 3,423,381 shares of the company’s stock worth $272,467,000 after acquiring an additional 2,005,193 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in HCA by 1,500.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,579,382 shares of the company’s stock worth $125,703,000 after acquiring an additional 1,480,690 shares during the last quarter. American Century Companies Inc. increased its holdings in HCA by 49.5% in the 3rd quarter. American Century Companies Inc. now owns 2,558,216 shares of the company’s stock worth $203,608,000 after acquiring an additional 847,377 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in HCA by 1,229.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock worth $59,753,000 after acquiring an additional 717,551 shares during the last quarter. 75.35% of the stock is owned by institutional investors.

A number of research analysts have weighed in on HCA shares. Robert W. Baird reaffirmed a “buy” rating on shares of HCA in a report on Thursday, September 28th. Credit Suisse Group started coverage on HCA in a report on Thursday, November 2nd. They set an “outperform” rating and a $95.00 target price for the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $95.00 target price on shares of HCA in a report on Friday, October 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $92.00 target price on shares of HCA in a report on Wednesday, October 4th. Finally, Raymond James Financial lowered HCA from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $90.20.

In related news, SVP Victor L. Campbell sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $78.00, for a total value of $624,000.00. Following the completion of the sale, the senior vice president now owns 127,275 shares in the company, valued at approximately $9,927,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total value of $167,700.00. Following the completion of the sale, the insider now owns 12,476 shares of the company’s stock, valued at approximately $973,128. The disclosure for this sale can be found here. Insiders have sold 22,450 shares of company stock valued at $1,737,681 in the last three months. 2.90% of the stock is owned by insiders.

Shares of HCA Holdings, Inc. (HCA) traded down $0.22 during midday trading on Monday, hitting $84.84. The stock had a trading volume of 2,683,300 shares, compared to its average volume of 2,292,515. HCA Holdings, Inc. has a 52 week low of $71.18 and a 52 week high of $91.03. The company has a quick ratio of 1.41, a current ratio of 1.68 and a debt-to-equity ratio of -6.46. The stock has a market capitalization of $30,037.81, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

HCA (NYSE:HCA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. HCA had a negative return on equity of 47.16% and a net margin of 6.13%. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. HCA’s revenue was up 4.1% on a year-over-year basis. analysts anticipate that HCA Holdings, Inc. will post 6.56 EPS for the current year.

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About HCA

HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.

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Institutional Ownership by Quarter for HCA (NYSE:HCA)

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