Geode Capital Management LLC Trims Holdings in National HealthCare Co. (NYSE:NHC)

Geode Capital Management LLC trimmed its holdings in National HealthCare Co. (NYSE:NHC) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,486 shares of the company’s stock after selling 9,711 shares during the quarter. Geode Capital Management LLC owned about 1.89% of National HealthCare worth $36,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in National HealthCare by 35.5% during the 3rd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $39,000 after buying an additional 82 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of National HealthCare in the third quarter worth $62,000. Innealta Capital LLC bought a new position in shares of National HealthCare during the second quarter valued at $98,000. Reliant Investment Management LLC purchased a new position in National HealthCare in the third quarter worth about $203,000. Finally, Ballentine Partners LLC purchased a new position in National HealthCare in the 3rd quarter worth approximately $223,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Trading Up 0.3 %

National HealthCare stock opened at $111.29 on Wednesday. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49. The company has a market cap of $1.72 billion, a P/E ratio of 13.95 and a beta of 0.43. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $122.81 and a two-hundred day simple moving average of $122.19.

National HealthCare Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a $0.61 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. National HealthCare’s payout ratio is currently 30.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

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.