Goldman May Have Just Lost Faith in HCA (NYSE:HCA)


HCA (NYSE:HCA) Receives a Downgrade

The Rating of HCA (NYSE:HCA) shares have been cut by Goldman from a Buy rating to a Neutral rating in a recent research report issued to clients on Thursday, 17 December.

From a total of 21 analysts covering HCA Holdings (NYSE:HCA) stock, 18 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $111 while the lowest target price is $75. The mean of all analyst targets is $87.81 with a 36.91% above today’s ($65.26) stock price. HCA Holdings was the topic of 20 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on December 16 with “Outperform” rating. Oppenheimer maintained shares with “Outperform” rating and $100 target share price in a report from an October 15. Leerink Swann maintained HCA stock in a recent report from October 28 with “Outperform” rating. Vetr upgraded the rating on August 29. Vetr has a “Buy” rating and a $99.90 price target on shares. Finally, Mizuho maintained the stock with “Buy” rating in a report issued on an October 22.

Approximately 1.77 million shares of stock traded hands. HCA Holdings Inc (NYSE:HCA) has declined 17.21% since May 14, 2015 and is downtrending. It has underperformed by 14.95% the S&P500.

The overall sentiment of institutions has decreased to 1.14 in Q2 2015. Its down 0.20, from 1.34 in 2015Q2. The ratio turned negative, as 78 institutions have sold all the shares of HCA Holdings Inc that they owned while 218 funds have taken shares off the table. 73 funds have purchased shares for the first time while 264 added to their positions. These institutions now hold 315.37 million shares or 2.33% more than the 308.21 million shares they owned in 2015Q2.

The Fund Crescent Park Management L.P. currently is holding shares equating to 13.49% of its total portfolio in HCA Holdings Inc representing a total of 785,419 shares. Another fund,Kohlberg Kravis Roberts & Co. L.P., is holding a total of 14.89 million shares equating to 12.19% of their holdings. Additionally, Monroe Hall Asset Management Llc has a 310,000 share stake in HCA Holdings Inc which represents 11.66% of their total portfolio. The Fund, Cryder Capital Partners Llp, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 9.92% of their total portfolio. Finally Appaloosa Management Lp, a fund which is based in the state of New Jersey reported a total holdings of 3.55 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of HCA Holdings Inc have witnessed 0 buys, and a total of 13 sales equating to a net activity of approximately $43.08 million . Cuffe Michael S. sold 2,575 shares worth approximately $214,807. Vallarino Juan sold 27,002 shares worth approximately $2.32 million. Stinnett Donald W sold 67,506 shares worth approximately $6.16 million. Yuspeh Alan R sold 14,000 shares worth approximately $1.28M. The company insider Anderson David Gwin sold 35,000 shares worth $3.20M.

HCA Holdings, Inc. is a holding company. The company has a market cap of $26.59 billion. The Firm is a health care services company. It has 13.66 P/E ratio. The Firm owns, manages or operates hospitals, freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers and various other facilities.

According to Zacks Investment Research, “HCA Inc. is a non-governmental hospital in the U.S. providing health care and related services. The Company operates a network of acute care hospitals, outpatient facilities, clinics and other patient care delivery settings. The Company also owns and manages freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers, and various other facilities. HCA Inc. is headquartered in Nashville, Tennessee.”