Arrowstreet Capital Limited Partnership Sells 28,679 Shares of National HealthCare Co. (NYSE:NHC)

Arrowstreet Capital Limited Partnership decreased its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,876 shares of the company's stock after selling 28,679 shares during the period. Arrowstreet Capital Limited Partnership owned 0.17% of National HealthCare worth $2,891,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of National HealthCare by 46.6% in the fourth quarter. JPMorgan Chase & Co. now owns 63,145 shares of the company's stock worth $6,792,000 after acquiring an additional 20,072 shares during the last quarter. Prudential Financial Inc. grew its position in National HealthCare by 98.2% in the 4th quarter. Prudential Financial Inc. now owns 28,192 shares of the company's stock worth $3,032,000 after purchasing an additional 13,970 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of National HealthCare during the 4th quarter worth about $854,000. Knights of Columbus Asset Advisors LLC raised its position in shares of National HealthCare by 29.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 18,044 shares of the company's stock valued at $1,941,000 after buying an additional 4,146 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of National HealthCare by 3.7% in the fourth quarter. Sei Investments Co. now owns 9,618 shares of the company's stock valued at $1,035,000 after buying an additional 340 shares during the period. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Stock Performance

NHC traded up $0.19 during trading on Tuesday, reaching $92.52. 5,360 shares of the company's stock were exchanged, compared to its average volume of 61,081. The company has a market capitalization of $1.43 billion, a P/E ratio of 11.59 and a beta of 0.42. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $94.47 and a 200 day moving average price of $108.22. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49.

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.61 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a yield of 2.64%. National HealthCare's payout ratio is currently 37.31%.

Analysts Set New Price Targets

Separately, StockNews.com cut National HealthCare from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd.

National HealthCare Company Profile

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.