Quarry LP Buys New Shares in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Quarry LP acquired a new stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,956 shares of the company's stock, valued at approximately $544,000.

Other hedge funds have also recently modified their holdings of the company. Wills Financial Group Inc. increased its position in GE HealthCare Technologies by 4.6% during the 4th quarter. Wills Financial Group Inc. now owns 61,439 shares of the company's stock valued at $4,803,000 after buying an additional 2,700 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in shares of GE HealthCare Technologies during the 4th quarter valued at about $230,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of GE HealthCare Technologies during the 4th quarter valued at about $20,891,000. Coldstream Capital Management Inc. lifted its position in GE HealthCare Technologies by 4.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 10,021 shares of the company's stock valued at $783,000 after buying an additional 457 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in GE HealthCare Technologies by 4.9% during the 4th quarter. Hancock Whitney Corp now owns 22,389 shares of the company's stock worth $1,750,000 after buying an additional 1,047 shares during the period. Institutional investors own 82.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GEHC shares. The Goldman Sachs Group raised shares of GE HealthCare Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $85.00 to $100.00 in a research report on Tuesday, March 11th. BTIG Research set a $95.00 target price on shares of GE HealthCare Technologies and gave the stock a "buy" rating in a research report on Monday, April 14th. Piper Sandler dropped their price target on GE HealthCare Technologies from $104.00 to $88.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Jefferies Financial Group raised GE HealthCare Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $95.00 to $103.00 in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on GE HealthCare Technologies from $96.00 to $103.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, GE HealthCare Technologies currently has an average rating of "Moderate Buy" and an average price target of $96.50.

GE HealthCare Technologies Price Performance

Shares of GEHC stock traded up $0.02 during trading on Tuesday, hitting $68.09. The company had a trading volume of 5,687,469 shares, compared to its average volume of 3,272,292. GE HealthCare Technologies Inc. has a one year low of $57.65 and a one year high of $94.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 1.04. The stock's 50-day moving average price is $75.62 and its 200 day moving average price is $81.81. The firm has a market capitalization of $31.17 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.14.

GE HealthCare Technologies (NASDAQ:GEHC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.19. GE HealthCare Technologies had a return on equity of 25.74% and a net margin of 10.13%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.33 billion. Equities analysts expect that GE HealthCare Technologies Inc. will post 4.68 EPS for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.21%. The ex-dividend date is Friday, April 25th. GE HealthCare Technologies's dividend payout ratio is 3.23%.

GE HealthCare Technologies Profile

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.