Burford Brothers Inc. raised its stake in GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 8.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,157 shares of the company’s stock after buying an additional 391 shares during the quarter. Burford Brothers Inc.’s holdings in GE HealthCare Technologies were worth $484,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC bought a new stake in shares of GE HealthCare Technologies during the first quarter valued at about $25,000. Fred Alger Management LLC bought a new stake in shares of GE HealthCare Technologies during the second quarter valued at about $26,000. BNP Paribas bought a new stake in shares of GE HealthCare Technologies during the first quarter valued at about $30,000. Elkhorn Partners Limited Partnership bought a new stake in shares of GE HealthCare Technologies during the second quarter valued at about $31,000. Finally, Annapolis Financial Services LLC raised its stake in shares of GE HealthCare Technologies by 171.9% during the first quarter. Annapolis Financial Services LLC now owns 348 shares of the company’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other GE HealthCare Technologies news, CEO Thomas J. Westrick sold 2,750 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $80.78, for a total transaction of $222,145.00. Following the completion of the transaction, the chief executive officer now directly owns 17,509 shares in the company, valued at $1,414,377.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on GE HealthCare Technologies
GE HealthCare Technologies Stock Down 0.5 %
Shares of GEHC stock opened at $88.42 on Friday. The stock has a market cap of $40.36 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 3.39 and a beta of 1.18. GE HealthCare Technologies Inc. has a one year low of $62.35 and a one year high of $94.55. The stock has a fifty day moving average price of $88.42 and a 200 day moving average price of $83.45. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 0.82.
GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. GE HealthCare Technologies had a return on equity of 25.26% and a net margin of 8.10%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.88 billion. During the same period last year, the business earned $0.92 earnings per share. GE HealthCare Technologies’s quarterly revenue was up .5% compared to the same quarter last year. Analysts predict that GE HealthCare Technologies Inc. will post 4.26 earnings per share for the current year.
GE HealthCare Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, October 18th. This represents a $0.12 annualized dividend and a yield of 0.14%. GE HealthCare Technologies’s dividend payout ratio is currently 3.51%.
GE HealthCare Technologies Company Profile
GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
Recommended Stories
- Five stocks we like better than GE HealthCare Technologies
- Breakout Stocks: What They Are and How to Identify Them
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How to Calculate Inflation Rate
- MarketBeat Week in Review – 10/21- 10/25
- How to Plot Fibonacci Price Inflection Levels
- Texas Roadhouse Stock Steering for New Highs This Year
Want to see what other hedge funds are holding GEHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report).
Receive News & Ratings for GE HealthCare Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE HealthCare Technologies and related companies with MarketBeat.com's FREE daily email newsletter.