Millennium Management LLC Has $1.41 Million Stock Holdings in National HealthCare Co. (NYSE:NHC)

Millennium Management LLC reduced its holdings in National HealthCare Co. (NYSE:NHC) by 44.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,141 shares of the company’s stock after selling 10,389 shares during the period. Millennium Management LLC owned about 0.09% of National HealthCare worth $1,413,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of National HealthCare by 4.8% during the fourth quarter. Northern Trust Corp now owns 193,792 shares of the company’s stock worth $20,844,000 after purchasing an additional 8,795 shares during the period. Invesco Ltd. lifted its position in National HealthCare by 2.8% in the 4th quarter. Invesco Ltd. now owns 164,911 shares of the company’s stock worth $17,738,000 after buying an additional 4,435 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of National HealthCare by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 63,739 shares of the company’s stock valued at $6,856,000 after acquiring an additional 2,140 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of National HealthCare by 46.6% in the fourth quarter. JPMorgan Chase & Co. now owns 63,145 shares of the company’s stock worth $6,792,000 after acquiring an additional 20,072 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of National HealthCare by 75.6% in the fourth quarter. First Trust Advisors LP now owns 47,062 shares of the company’s stock worth $5,062,000 after acquiring an additional 20,268 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 12th.

National HealthCare Trading Up 1.1%

Shares of NYSE NHC opened at $104.69 on Wednesday. The business has a 50 day simple moving average of $97.22 and a 200 day simple moving average of $102.37. National HealthCare Co. has a 52 week low of $89.14 and a 52 week high of $138.49. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 13.12 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80.

National HealthCare Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.45%. This is an increase from National HealthCare’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, June 30th. National HealthCare’s payout ratio is currently 36.99%.

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.