UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in National HealthCare Co. (NYSE:NHC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in National HealthCare Co. (NYSE:NHC) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,608 shares of the company’s stock after selling 4,216 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in National HealthCare were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in National HealthCare by 35.5% during the third quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $39,000 after buying an additional 82 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of National HealthCare during the 3rd quarter worth approximately $62,000. Innealta Capital LLC bought a new stake in shares of National HealthCare in the 2nd quarter worth approximately $98,000. Reliant Investment Management LLC purchased a new position in National HealthCare in the third quarter valued at approximately $203,000. Finally, Blue Trust Inc. grew its holdings in National HealthCare by 6,700.0% during the second quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock valued at $221,000 after purchasing an additional 2,010 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

National HealthCare Price Performance

NHC stock opened at $121.44 on Friday. The firm has a 50 day moving average of $123.58 and a 200-day moving average of $121.45. The firm has a market capitalization of $1.88 billion, a P/E ratio of 15.22 and a beta of 0.43. National HealthCare Co. has a 12 month low of $87.03 and a 12 month high of $138.49. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a yield of 2.01%. National HealthCare’s dividend payout ratio is presently 30.58%.

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.