National HealthCare (NYSEAMERICAN:NHC) Shares Up 8.8% – Time to Buy?

National HealthCare Co. (NYSEAMERICAN:NHC)’s stock price shot up 8.8% during trading on Friday . The company traded as high as $126.26 and last traded at $126.26. 4,075 shares were traded during mid-day trading, a decline of 93% from the average session volume of 62,691 shares. The stock had previously closed at $116.03.

National HealthCare Stock Performance

The stock has a market cap of $1.84 billion, a P/E ratio of 27.60 and a beta of 0.37.

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

Hedge Funds Weigh In On National HealthCare

A hedge fund recently bought a new stake in National HealthCare stock. SG Americas Securities LLC bought a new stake in National HealthCare Co. (NYSEAMERICAN:NHC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,280 shares of the company’s stock, valued at approximately $121,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

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.