State Street Corp Cuts Stock Holdings in National HealthCare Co. (NYSE:NHC)

State Street Corp reduced its position in National HealthCare Co. (NYSE:NHC - Free Report) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494,212 shares of the company's stock after selling 22,413 shares during the quarter. State Street Corp owned 3.20% of National HealthCare worth $62,457,000 as of its most recent SEC filing.

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

National HealthCare Trading Down 0.5 %

NYSE:NHC traded down $0.52 during trading hours on Thursday, hitting $113.83. The company had a trading volume of 57,331 shares, compared to its average volume of 60,877. The company has a 50-day moving average of $123.38 and a 200 day moving average of $121.84. The company has a market cap of $1.76 billion, a P/E ratio of 14.26 and a beta of 0.43. National HealthCare Co. has a 1 year low of $87.03 and a 1 year high of $138.49. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be paid a $0.61 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.14%. National HealthCare's payout ratio is presently 30.58%.

Wall Street Analysts Forecast Growth

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

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.