UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in National HealthCare Co. (NYSE:NHC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,608 shares of the company's stock after selling 4,216 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of National HealthCare worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley Institutional Investment Advisors LLC acquired a new position in shares of National HealthCare during the 3rd quarter worth $98,156,000. Victory Capital Management Inc. raised its position in National HealthCare by 123.0% during the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company's stock worth $9,469,000 after acquiring an additional 48,182 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of National HealthCare by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company's stock valued at $110,788,000 after purchasing an additional 31,697 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of National HealthCare by 139.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 49,627 shares of the company's stock valued at $5,380,000 after purchasing an additional 28,886 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new position in shares of National HealthCare during the 2nd quarter worth approximately $2,517,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

National HealthCare Trading Up 0.8 %

NYSE:NHC traded up $1.01 on Friday, reaching $121.44. The stock had a trading volume of 61,326 shares, compared to its average volume of 60,857. The firm's fifty day moving average is $123.58 and its two-hundred day moving average is $121.59. 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 company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.22 and a beta of 0.43. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.44 annualized dividend and a yield of 2.01%. National HealthCare's payout ratio is currently 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.