Northern Trust Corp Trims Stock Position in National HealthCare Co. $NHC

Northern Trust Corp decreased its holdings in National HealthCare Co. (NYSE:NHC) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,217 shares of the company’s stock after selling 7,575 shares during the quarter. Northern Trust Corp owned 1.20% of National HealthCare worth $17,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NHC. Alps Advisors Inc. boosted its stake in shares of National HealthCare by 7.7% during the 1st quarter. Alps Advisors Inc. now owns 147,800 shares of the company’s stock worth $13,716,000 after acquiring an additional 10,614 shares during the last quarter. Systematic Financial Management LP raised its holdings in National HealthCare by 3.5% in the 4th quarter. Systematic Financial Management LP now owns 117,884 shares of the company’s stock worth $12,680,000 after purchasing an additional 3,962 shares during the period. Principal Financial Group Inc. lifted its position in National HealthCare by 2.6% during the first quarter. Principal Financial Group Inc. now owns 65,410 shares of the company’s stock valued at $6,070,000 after purchasing an additional 1,671 shares in the last quarter. Rhumbline Advisers grew its holdings in National HealthCare by 3.2% during the first quarter. Rhumbline Advisers now owns 45,046 shares of the company’s stock valued at $4,180,000 after purchasing an additional 1,377 shares during the period. Finally, Public Sector Pension Investment Board increased its position in National HealthCare by 27.4% in the first quarter. Public Sector Pension Investment Board now owns 39,160 shares of the company’s stock worth $3,634,000 after buying an additional 8,429 shares in the last quarter. 56.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

National HealthCare Stock Performance

NYSE:NHC opened at $112.53 on Wednesday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 14.10 and a beta of 0.57. 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 Co. has a 12-month low of $89.14 and a 12-month high of $136.88. The stock has a 50-day moving average price of $103.92 and a 200 day moving average price of $99.66.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 30th. National HealthCare’s payout ratio is currently 38.15%.

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.