HCA (HCA Healthcare Inc.) may reap gains as insiders became active recently

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HCA Healthcare Inc.’s recent filing unveils that its SVP-Payer Contracting & Align. Torres Kathryn A. unloaded Company’s shares for reported $1.4 million on Aug 14. In the deal valued at $269.12 per share,5,204 shares were sold. As a result of this transaction, Torres Kathryn A. now holds 19,760 shares worth roughly $ 5.42 million.

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Then, Cohen Jeffrey E. sold 1,500 shares, generating $405,000 in total proceeds. Upon selling the shares at $270.00, the SVP-Government Relations now owns 4,414 shares.

Before that, Whalen Kathleen M sold 2,916 shares. HCA Healthcare Inc. shares valued at $787,320 were divested by the SVP & Chief Ethics Officer at a price of $270.00 per share. As a result of the transaction, Whalen Kathleen M now holds 10,250 shares, worth roughly $2.81 million.

Cantor Fitzgerald initiated its HCA Healthcare Inc. [HCA] rating to an Overweight in a research note published on Tuesday, April 21, 2023; the price target was $304. PT values the company’s stock at a premium of 9.79 to its Tuesday closing price.

Price Performance Review of HCA

On Tuesday, HCA Healthcare Inc. [NYSE:HCA] saw its stock fall -2.34% to $274.25. On the same session, the stock had its day’s lowest price of $271.43, but rose to a high of $278.93. Over the last five days, the stock has lost -1.19%. HCA Healthcare Inc. shares have risen nearly 14.29% since the year began. Nevertheless, the stocks have risen 37.50% over the past one year. While a 52-week high of $304.86 was reached on 06/30/23, a 52-week low of $178.32 was recorded on 01/03/23. SMA at 50 days reached $281.65, while 200 days put it at $264.73. A total of 1.24 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For HCA Stock

The 24-hour chart illustrates a support level at 270.81, which if violated will result in even more drops to 267.37. On the upside, there is a resistance level at 278.31. A further resistance level may holdings at 282.37. The Relative Strength Index (RSI) on the 14-day chart is 47.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.11%. Stochastics %K at 81.89% indicates the stock is a selling.

How much short interest is there in HCA Healthcare Inc.?

A steep rise in short interest was recorded in HCA Healthcare Inc. stocks on Aug 14, 2023, dropping by 90000.0 shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.37 million shares. There was a decline of -3.95%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.13% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.51.

HCA Healthcare Inc. [HCA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 16,623,745 shares, or roughly 6.04% of the outstanding HCA shares. In other words, the investor’s shares have fallen by -364,807 from its previous 13-F filing of 16988552.0. Additionally, Wellington Management Co. LLP decreased -15.01% of its stake after which the total value it holdings stand at $2,990,018,334, while Sanders Capital LLC added 3.35% of its stake to hold $2.98 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -37,317 shares of HCA Healthcare Inc., while SSgA Funds Management, Inc. sold 149,750 shares. At present, T. Rowe Price Associates, Inc. is holding 5,468,654 shares valued at $1.49 billion. First Eagle Investment Management owned 4,556,365 shares of the company at the time of its most recent 13F filing, worth $1.24 billion.

According to FactSet, HCA Healthcare Inc.’s share price will average $321.48 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.38 percent from its previous closing price of $280.81. Analysts expect HCA Healthcare Inc. stock to reach the higher price of $350.00, while the lowest price estimate is $275.00.

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