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

Shares of National HealthCare Co. (NYSEAMERICAN:NHCGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $120.26. National HealthCare shares last traded at $117.90, with a volume of 56,380 shares traded.

National HealthCare Price Performance

The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 27.81 and a beta of 0.37.

National HealthCare (NYSEAMERICAN:NHCGet Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported $1.00 earnings per share 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in National HealthCare during the first quarter valued at about $121,000. BNP Paribas Financial Markets lifted its holdings in National HealthCare by 77.9% during the first 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 in the last quarter. Quadrature Capital Ltd bought a new position in shares of National HealthCare in the fourth quarter worth approximately $844,000. Allspring Global Investments Holdings LLC lifted its stake in shares of National HealthCare by 28.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,741 shares of the company’s stock valued at $1,960,000 after buying an additional 4,544 shares in the last quarter. Finally, Pineridge Advisors LLC purchased a new position in shares of National HealthCare during the 4th quarter valued at $2,680,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Company Profile

(Get Free Report)

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.

Further Reading

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