National HealthCare (NYSEAMERICAN:NHC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

National HealthCare Co. (NYSEAMERICAN:NHC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $124.93. National HealthCare shares last traded at $122.47, with a volume of 29,949 shares changing hands.

National HealthCare Stock Down 1.3 %

The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 28.28 and a beta of 0.37.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings results on Friday, August 9th. The company reported $1.00 EPS for the quarter. The business had revenue of $300.66 million during the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%.

Institutional Investors Weigh In On National HealthCare

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of National HealthCare in the first quarter worth about $121,000. BNP Paribas Financial Markets lifted its stake in National HealthCare by 77.9% in the 1st quarter. BNP Paribas Financial Markets now owns 6,277 shares of the company’s stock valued at $593,000 after purchasing an additional 2,749 shares during the last quarter. Principal Financial Group Inc. boosted its position in National HealthCare by 7.1% in the first quarter. Principal Financial Group Inc. now owns 75,163 shares of the company’s stock valued at $7,104,000 after buying an additional 5,008 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of National HealthCare by 28.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,741 shares of the company’s stock worth $1,960,000 after buying an additional 4,544 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of National HealthCare during the fourth quarter worth $844,000. 56.44% of the stock is currently owned by institutional investors.

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.