State Street Corp Sells 22,413 Shares of National HealthCare Co. (NYSE:NHC)

State Street Corp reduced its position in shares of National HealthCare Co. (NYSE:NHC) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,212 shares of the company’s stock after selling 22,413 shares during the period. State Street Corp’s holdings in National HealthCare were worth $62,457,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Systematic Financial Management LP lifted its holdings in National HealthCare by 6.6% in the 3rd quarter. Systematic Financial Management LP now owns 113,922 shares of the company’s stock worth $14,328,000 after buying an additional 7,011 shares during the period. Captrust Financial Advisors bought a new stake in shares of National HealthCare during the 3rd quarter valued at about $233,000. BNP Paribas Financial Markets increased its position in shares of National HealthCare by 154.6% during the third quarter. BNP Paribas Financial Markets now owns 2,813 shares of the company’s stock valued at $354,000 after buying an additional 1,708 shares during the period. The Manufacturers Life Insurance Company raised its stake in National HealthCare by 7.4% in the third quarter. The Manufacturers Life Insurance Company now owns 7,211 shares of the company’s stock worth $907,000 after buying an additional 497 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in National HealthCare in the third quarter worth about $329,000. 56.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

National HealthCare Stock Down 5.7 %

Shares of National HealthCare stock opened at $114.35 on Thursday. National HealthCare Co. has a 1 year low of $87.03 and a 1 year high of $138.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The company has a 50-day moving average of $123.46 and a 200 day moving average of $121.89. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 14.33 and a beta of 0.43.

National HealthCare Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s payout ratio is 30.58%.

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.