National HealthCare (NYSEAMERICAN:NHC) Shares Up 8.8% – Time to Buy?

Shares of National HealthCare Co. (NYSEAMERICAN:NHC) traded up 8.8% on Friday . The company traded as high as $126.26 and last traded at $126.26. 4,075 shares traded hands during trading, a decline of 93% from the average session volume of 62,691 shares. The stock had previously closed at $116.03.

National HealthCare Stock Performance

The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 27.60 and a beta of 0.37.

National HealthCare (NYSEAMERICAN:NHC) last posted its earnings results on Friday, August 9th. The company reported $1.00 EPS for the quarter. The business had revenue of $300.66 million for the quarter. National HealthCare had a net margin of 5.85% and a return on equity of 6.03%.

Hedge Funds Weigh In On National HealthCare

An institutional investor recently bought a new position in National HealthCare stock. SG Americas Securities LLC bought a new stake in National HealthCare Co. (NYSEAMERICAN:NHC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,280 shares of the company’s stock, valued at approximately $121,000. Hedge funds and other 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.