National HealthCare (NYSEAMERICAN:NHC) Stock Crosses Above 200-Day Moving Average – Here’s Why

National HealthCare Co. (NYSEAMERICAN:NHC)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $124.93. National HealthCare shares last traded at $122.47, with a volume of 29,949 shares.

National HealthCare Stock Performance

The stock has a market cap of $1.88 billion, a P/E ratio of 28.23 and a beta of 0.37.

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

Hedge Funds Weigh In On National HealthCare

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in National HealthCare by 13.8% during the 4th quarter. Vanguard Group Inc. now owns 1,518,918 shares of the company’s stock worth $140,378,000 after buying an additional 184,411 shares during the last quarter. SG Americas Securities LLC purchased a new stake in National HealthCare during the first quarter worth approximately $121,000. Allspring Global Investments Holdings LLC boosted its holdings in National HealthCare by 28.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 20,741 shares of the company’s stock valued at $1,960,000 after purchasing an additional 4,544 shares in the last quarter. BNP Paribas Financial Markets increased its stake in National HealthCare by 77.9% in the first quarter. BNP Paribas Financial Markets now owns 6,277 shares of the company’s stock valued at $593,000 after purchasing an additional 2,749 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in National HealthCare by 7.1% during the first quarter. Principal Financial Group Inc. now owns 75,163 shares of the company’s stock worth $7,104,000 after purchasing an additional 5,008 shares in the last quarter. Institutional investors and hedge funds 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.