National HealthCare Co. (NYSE:NHC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its holdings in shares of National HealthCare Co. (NYSE:NHC) by 57.1% during the third quarter, Holdings Channel.com reports. The fund owned 1,679 shares of the company’s stock after selling 2,239 shares during the period. HighTower Advisors LLC’s holdings in National HealthCare were worth $224,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NHC. Cerity Partners LLC grew its stake in National HealthCare by 5.2% during the 3rd quarter. Cerity Partners LLC now owns 16,631 shares of the company’s stock valued at $2,092,000 after purchasing an additional 825 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of National HealthCare by 51.7% during the second quarter. TD Asset Management Inc now owns 13,500 shares of the company’s stock worth $1,463,000 after purchasing an additional 4,600 shares during the period. Miller Howard Investments Inc. NY purchased a new stake in National HealthCare in the second quarter valued at approximately $323,000. Allspring Global Investments Holdings LLC increased its holdings in National HealthCare by 30.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock worth $8,136,000 after buying an additional 15,061 shares during the period. Finally, Marshall Wace LLP purchased a new position in National HealthCare during the 2nd quarter worth approximately $228,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Stock Performance

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

National HealthCare Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About National HealthCare

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.