New York State Teachers Retirement System Lowers Stock Position in National HealthCare Co. (NYSE:NHC)

New York State Teachers Retirement System decreased its position in National HealthCare Co. (NYSE:NHC) by 7.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,014 shares of the company’s stock after selling 333 shares during the period. New York State Teachers Retirement System’s holdings in National HealthCare were worth $505,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in National HealthCare by 196.2% during the second quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 153 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of National HealthCare in the third quarter valued at approximately $62,000. EntryPoint Capital LLC acquired a new stake in National HealthCare during the 1st quarter worth $58,000. Innealta Capital LLC purchased a new stake in National HealthCare during the 2nd quarter valued at about $98,000. Finally, Reliant Investment Management LLC acquired a new stake in National HealthCare in the 3rd quarter valued at about $203,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at National HealthCare

In other news, SVP Brian F. Kidd sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the transaction, the senior vice president now directly owns 21,747 shares in the company, valued at approximately $2,827,327.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered National HealthCare from a “strong-buy” rating to a “buy” rating in a research report on Friday.

National HealthCare Stock Performance

NYSE NHC opened at $134.43 on Monday. The business’s fifty day moving average is $123.72. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 16.85 and a beta of 0.41. National HealthCare Co. has a 52 week low of $70.03 and a 52 week high of $138.49.

National HealthCare (NYSE:NHC) last posted its earnings results on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%. The company had revenue of $300.66 million for the quarter.

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.