National HealthCare Co. (NYSEAMERICAN:NHC - Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 369,900 shares, a decline of 17.6% from the September 30th total of 448,900 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average daily trading volume, of 61,600 shares, the days-to-cover ratio is currently 6.0 days.
National HealthCare Trading Up 1.4 %
NHC stock traded up $1.70 on Monday, reaching $120.39. 38,982 shares of the company were exchanged, compared to its average volume of 63,234. National HealthCare has a 12 month low of $66.16 and a 12 month high of $138.49. The firm has a market capitalization of $1.85 billion, a P/E ratio of 27.76 and a beta of 0.37.
National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 5.85% and a return on equity of 6.03%. The business had revenue of $300.66 million for the quarter.
Institutional Investors Weigh In On National HealthCare
Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of National HealthCare in the 1st quarter valued at $121,000. BNP Paribas Financial Markets boosted its stake in shares of National HealthCare by 77.9% in the 1st quarter. BNP Paribas Financial Markets now owns 6,277 shares of the company's stock valued at $593,000 after purchasing an additional 2,749 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of National HealthCare by 28.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,741 shares of the company's stock valued at $1,960,000 after purchasing an additional 4,544 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of National HealthCare by 7.1% in the 1st quarter. Principal Financial Group Inc. now owns 75,163 shares of the company's stock valued at $7,104,000 after purchasing an additional 5,008 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of National HealthCare by 13.8% in the 4th quarter. Vanguard Group Inc. now owns 1,518,918 shares of the company's stock valued at $140,378,000 after purchasing an additional 184,411 shares in the last quarter. Institutional investors own 56.44% of the company's stock.
About National HealthCare
(
Get Free Report)
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.
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