Public Sector Pension Investment Board Increases Stock Position in National HealthCare Co. $NHC

Public Sector Pension Investment Board boosted its position in shares of National HealthCare Co. (NYSE:NHC) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,382 shares of the company’s stock after purchasing an additional 6,230 shares during the period. Public Sector Pension Investment Board owned approximately 0.31% of National HealthCare worth $5,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NHC. Alps Advisors Inc. increased its stake in shares of National HealthCare by 19.9% in the third quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock worth $21,386,000 after buying an additional 29,246 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in National HealthCare by 55.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 48,296 shares of the company’s stock worth $6,020,000 after acquiring an additional 17,317 shares in the last quarter. Vest Financial LLC bought a new stake in shares of National HealthCare in the 3rd quarter worth about $1,529,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of National HealthCare in the 2nd quarter valued at about $292,000. Finally, Geode Capital Management LLC lifted its position in shares of National HealthCare by 1.9% during the second quarter. Geode Capital Management LLC now owns 310,747 shares of the company’s stock worth $33,257,000 after purchasing an additional 5,747 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Stock Down 1.7%

NYSE:NHC opened at $162.10 on Thursday. The stock has a 50-day simple moving average of $144.18 and a 200 day simple moving average of $128.54. National HealthCare Co. has a one year low of $89.14 and a one year high of $171.64. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 20.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80.

Insider Activity

In other National HealthCare news, VP Timothy J. Shelly sold 2,454 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $139.42, for a total transaction of $342,136.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 14.97% of the company’s stock.

About National HealthCare

National HealthCare Corporation (NYSE: NHC) is a diversified provider of senior health care and related services, headquartered in Murfreesboro, Tennessee. Established in 1971, the company operates a network of post-acute and long-term care facilities, including skilled nursing centers, assisted living communities, independent living residences, and memory care units. In addition to its brick-and-mortar operations, the company offers home health, hospice, and rehabilitation services, aiming to support aging individuals at every stage of care.

The company’s skilled nursing facilities deliver 24-hour nursing services, therapy programs, and customized care plans designed to enhance patient recovery and quality of life.