National HealthCare (NYSE:NHC) Stock Rating Upgraded by StockNews.com

National HealthCare (NYSE:NHC) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

National HealthCare Stock Performance

Shares of NHC stock opened at $125.86 on Friday. National HealthCare has a 52-week low of $73.96 and a 52-week high of $138.49. The stock has a fifty day simple moving average of $123.50. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.94 billion, a P/E ratio of 15.77 and a beta of 0.41.

Insider Buying and Selling

In other news, SVP Brian F. Kidd sold 2,000 shares of National HealthCare stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the completion of the sale, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. The trade was a 8.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 13.75% of the stock is owned by company insiders.

Institutional Trading of National HealthCare

A number of hedge funds have recently bought and sold shares of NHC. UniSuper Management Pty Ltd bought a new stake in National HealthCare in the first quarter worth $366,000. TD Asset Management Inc increased its holdings in shares of National HealthCare by 51.7% in the second quarter. TD Asset Management Inc now owns 13,500 shares of the company’s stock worth $1,463,000 after buying an additional 4,600 shares during the period. Miller Howard Investments Inc. NY bought a new stake in shares of National HealthCare in the 2nd quarter valued at about $323,000. Allspring Global Investments Holdings LLC boosted its holdings in National HealthCare by 30.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after acquiring an additional 15,061 shares during the period. Finally, Marshall Wace LLP bought a new position in National HealthCare during the 2nd quarter worth approximately $228,000. Institutional investors own 56.44% of the company’s stock.

National HealthCare Company 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.