Arizona State Retirement System increased its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,811 shares of the company's stock after buying an additional 5,610 shares during the quarter. Arizona State Retirement System's holdings in GE HealthCare Technologies were worth $10,149,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in GEHC. Cherry Creek Investment Advisors Inc. increased its holdings in GE HealthCare Technologies by 0.3% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 37,351 shares of the company's stock valued at $2,920,000 after purchasing an additional 114 shares in the last quarter. Independence Bank of Kentucky increased its holdings in GE HealthCare Technologies by 6.0% in the 4th quarter. Independence Bank of Kentucky now owns 2,018 shares of the company's stock valued at $158,000 after purchasing an additional 114 shares in the last quarter. Tandem Capital Management Corp ADV increased its holdings in GE HealthCare Technologies by 0.4% in the 4th quarter. Tandem Capital Management Corp ADV now owns 28,210 shares of the company's stock valued at $2,205,000 after purchasing an additional 118 shares in the last quarter. Arcus Capital Partners LLC increased its holdings in GE HealthCare Technologies by 3.0% in the 4th quarter. Arcus Capital Partners LLC now owns 4,113 shares of the company's stock valued at $322,000 after purchasing an additional 119 shares in the last quarter. Finally, Custom Index Systems LLC increased its holdings in GE HealthCare Technologies by 4.4% in the 4th quarter. Custom Index Systems LLC now owns 2,843 shares of the company's stock valued at $222,000 after purchasing an additional 120 shares in the last quarter. 82.06% of the stock is owned by hedge funds and other institutional investors.
GE HealthCare Technologies Stock Up 1.4 %
NASDAQ:GEHC traded up $1.17 during mid-day trading on Friday, reaching $86.58. The stock had a trading volume of 4,075,712 shares, compared to its average volume of 2,984,066. The company has a market capitalization of $39.59 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 3.19 and a beta of 1.13. GE HealthCare Technologies Inc. has a 1-year low of $74.51 and a 1-year high of $94.80. The stock's 50 day simple moving average is $86.77 and its two-hundred day simple moving average is $86.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.83.
GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.19. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.33 billion. GE HealthCare Technologies had a return on equity of 25.74% and a net margin of 10.13%. Equities analysts anticipate that GE HealthCare Technologies Inc. will post 4.68 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Jefferies Financial Group upgraded GE HealthCare Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $95.00 to $103.00 in a report on Wednesday, January 8th. Citigroup increased their price target on GE HealthCare Technologies from $103.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company increased their price target on GE HealthCare Technologies from $96.00 to $103.00 and gave the company an "overweight" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $97.67.
Check Out Our Latest Stock Analysis on GE HealthCare Technologies
GE HealthCare Technologies Company Profile
(
Free Report)
GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
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