Charles Schwab Investment Management Inc. Has $24.59 Million Position in National HealthCare Co. (NYSE:NHC)

Charles Schwab Investment Management Inc. lowered its position in National HealthCare Co. (NYSE:NHC) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195,538 shares of the company’s stock after selling 7,109 shares during the period. Charles Schwab Investment Management Inc. owned 1.27% of National HealthCare worth $24,593,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in National HealthCare by 196.2% during the second quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 153 shares during the last quarter. Copeland Capital Management LLC acquired a new position in National HealthCare during the third quarter valued at approximately $62,000. Innealta Capital LLC acquired a new position in National HealthCare during the second quarter valued at approximately $98,000. Reliant Investment Management LLC acquired a new position in National HealthCare during the third quarter valued at approximately $203,000. Finally, Blue Trust Inc. grew its stake in shares of National HealthCare by 6,700.0% in the second quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock worth $221,000 after acquiring an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

National HealthCare Trading Down 1.7 %

Shares of National HealthCare stock opened at $124.91 on Friday. The company’s fifty day simple moving average is $123.75 and its 200-day simple moving average is $120.51. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 15.88 and a beta of 0.43. 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 1 year low of $85.93 and a 1 year high of $138.49.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be paid a $0.61 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.44 annualized dividend and a dividend yield of 1.95%. National HealthCare’s payout ratio is 30.58%.

National HealthCare 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.