HighTower Advisors LLC Has $17.55 Million Stock Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

HighTower Advisors LLC grew its stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHCFree Report) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 258,247 shares of the company’s stock after purchasing an additional 8,224 shares during the period. HighTower Advisors LLC’s holdings in GE HealthCare Technologies were worth $17,548,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Meitav Investment House Ltd. purchased a new position in GE HealthCare Technologies in the second quarter valued at approximately $113,000. Pin Oak Investment Advisors Inc. purchased a new position in GE HealthCare Technologies in the second quarter valued at approximately $25,000. Center for Financial Planning Inc. purchased a new position in GE HealthCare Technologies in the second quarter valued at approximately $26,000. Larson Financial Group LLC purchased a new position in GE HealthCare Technologies in the second quarter valued at approximately $27,000. Finally, Resources Management Corp CT ADV purchased a new position in GE HealthCare Technologies in the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 79.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GEHC shares. UBS Group downgraded GE HealthCare Technologies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $86.00 to $66.00 in a research report on Monday, November 27th. Morgan Stanley dropped their target price on GE HealthCare Technologies from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Monday, December 4th. Jefferies Financial Group started coverage on GE HealthCare Technologies in a research report on Thursday, November 30th. They set a “hold” rating and a $80.00 target price on the stock. Finally, Mizuho increased their target price on GE HealthCare Technologies from $94.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.73.

Get Our Latest Stock Report on GE HealthCare Technologies

GE HealthCare Technologies Stock Down 0.9 %

GEHC opened at $81.34 on Monday. The stock has a market cap of $37.04 billion and a PE ratio of 26.93. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. GE HealthCare Technologies Inc. has a 52 week low of $62.35 and a 52 week high of $87.83. The business’s fifty day simple moving average is $75.05 and its 200 day simple moving average is $71.23.

GE HealthCare Technologies (NASDAQ:GEHCGet Free Report) last released its earnings results on Tuesday, February 6th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.09 billion. GE HealthCare Technologies had a return on equity of 25.58% and a net margin of 8.02%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 earnings per share. As a group, research analysts expect that GE HealthCare Technologies Inc. will post 4.3 earnings per share for the current fiscal year.

GE HealthCare Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.15%. GE HealthCare Technologies’s dividend payout ratio (DPR) is currently 3.97%.

About GE HealthCare Technologies

(Free Report)

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, Europe, the Middle East, Africa, China, Taiwan, Mongolia, Hong Kong, and internationally.

See Also

Want to see what other hedge funds are holding GEHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GE HealthCare Technologies Inc. (NASDAQ:GEHCFree Report).

Institutional Ownership by Quarter for GE HealthCare Technologies (NASDAQ:GEHC)

Receive News & Ratings for GE HealthCare Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE HealthCare Technologies and related companies with MarketBeat.com's FREE daily email newsletter.