Geode Capital Management LLC Lowers Holdings in National HealthCare Co. (NYSE:NHC)

Geode Capital Management LLC reduced its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 3.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 292,486 shares of the company's stock after selling 9,711 shares during the quarter. Geode Capital Management LLC owned 1.89% of National HealthCare worth $36,793,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NHC. GAMMA Investing LLC raised its stake in shares of National HealthCare by 35.5% in the third quarter. GAMMA Investing LLC now owns 313 shares of the company's stock valued at $39,000 after buying an additional 82 shares during the period. Copeland Capital Management LLC purchased a new stake in National HealthCare in the 3rd quarter worth about $62,000. Innealta Capital LLC bought a new stake in National HealthCare in the 2nd quarter valued at about $98,000. Reliant Investment Management LLC purchased a new stake in National HealthCare during the third quarter valued at about $203,000. Finally, Ballentine Partners LLC bought a new position in National HealthCare during the third quarter worth about $223,000. Institutional investors own 56.44% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 16th.

National HealthCare Stock Performance

Shares of NYSE:NHC traded up $0.34 during trading on Wednesday, hitting $111.29. 16,877 shares of the company were exchanged, compared to its average volume of 61,412. The company has a market cap of $1.72 billion, a PE ratio of 13.95 and a beta of 0.43. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The stock has a 50 day moving average of $122.54 and a 200 day moving average of $122.11.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, December 30th. National HealthCare's payout ratio is presently 30.58%.

About National HealthCare

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. 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.