National HealthCare Co. (NYSE:NHC) Stock Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of National HealthCare Co. (NYSE:NHC) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,389 shares of the company’s stock after purchasing an additional 946 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of National HealthCare worth $1,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Systematic Financial Management LP increased its stake in National HealthCare by 6.6% during the 3rd quarter. Systematic Financial Management LP now owns 113,922 shares of the company’s stock valued at $14,328,000 after buying an additional 7,011 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of National HealthCare by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 63,739 shares of the company’s stock valued at $6,856,000 after acquiring an additional 2,140 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of National HealthCare by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock valued at $5,417,000 after acquiring an additional 2,419 shares during the period. Jane Street Group LLC raised its holdings in National HealthCare by 213.3% during the third quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock worth $3,633,000 after purchasing an additional 19,667 shares in the last quarter. Finally, Barclays PLC lifted its position in National HealthCare by 345.6% in the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock worth $2,649,000 after purchasing an additional 16,336 shares during the period. 56.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded National HealthCare from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd.

National HealthCare Price Performance

Shares of NYSE NHC opened at $92.41 on Friday. National HealthCare Co. has a twelve month low of $87.03 and a twelve 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. The firm has a 50-day moving average of $96.36 and a two-hundred day moving average of $111.29. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.58 and a beta of 0.41.

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, March 28th. National HealthCare’s payout ratio is 37.31%.

National HealthCare 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.