The stock of National HealthCare Corporation (NYSEMKT:NHC) reached all time high today, Nov, 25 and still has $72.59 target or 3.00% above today’s $70.48 share price. This indicates more upside for the $1.07B company. This technical setup was reported by Barchart.com. If the $72.59 PT is reached, the company will be worth $32.10M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.89% or $0.62 during the last trading session, hitting $70.48. About 15,164 shares traded hands. National HealthCare Corporation (NYSEMKT:NHC) has risen 9.22% since April 22, 2016 and is uptrending. It has outperformed by 3.82% the S&P500.
Analysts await National HealthCare Corporation (NYSEMKT:NHC) to report earnings on February, 17.
According to Zacks Investment Research, “National HealthCare Corporation principally operates long-term health care centers and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.”
Insitutional Activity: The institutional sentiment decreased to 1.89 in 2016 Q2. Its down 0.04, from 1.93 in 2016Q1. The ratio is negative, as 10 funds sold all National HealthCare Corporation shares owned while 18 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 5.09 million shares or 5.37% more from 4.83 million shares in 2016Q1.
Peak6 Investments L P last reported 0.01% of its portfolio in the stock. Brown Brothers Harriman And has 0.05% invested in the company for 150,000 shares. Advisory Service Networks Lc last reported 0% of its portfolio in the stock. Zebra Capital Limited Liability Company reported 17,650 shares or 0.4% of all its holdings. Citigroup Incorporated accumulated 5,568 shares or 0% of the stock. Ubs Asset Mngmt Americas Inc holds 0% or 3,100 shares in its portfolio. Advsr Asset Mgmt Incorporated owns 55 shares or 0% of their US portfolio. Us National Bank De has 0% invested in the company for 118 shares. Wells Fargo And Co Mn reported 6,479 shares or 0% of all its holdings. The New Jersey-based Prudential Inc has invested 0% in National HealthCare Corporation (NYSEMKT:NHC). Blackrock Institutional Na accumulated 0% or 275,168 shares. Tfs Ltd Liability Corp holds 3,209 shares or 0.04% of its portfolio. Allianz Asset Management Ag last reported 0% of its portfolio in the stock. California State Teachers Retirement Systems accumulated 23,465 shares or 0% of the stock. Thrivent Financial For Lutherans has 0.03% invested in the company for 81,715 shares.
Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 4 insider sales for $8.76 million net activity. Another trade for 2,704 shares valued at $174,408 was sold by LASSITER DAVID L. $69,440 worth of National HealthCare Corporation (NYSEMKT:NHC) was sold by ABERNATHY JAMES PAUL on Friday, November 18. Shares for $8.20M were sold by NATIONAL HEALTH CORP.
NHC Company Profile
National HealthCare Corporation (NHC), incorporated on September 26, 1997, is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. The Company’s business activities include providing sub-acute skilled and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, senior living services and home healthcare services. It operates in the post-acute health care industry segment. The Firm has a non-controlling ownership interest in a hospice care business that services NHC owned healthcare centers and others. In addition, it provides management services, accounting and financial services, and insurance services to third-party owners of healthcare facilities. It also owns the real estate of over 10 healthcare properties and leases these properties to third party operators. The Firm operates in over 10 states, and its owned and leased properties are located primarily in the southeastern, northeastern, and Midwestern parts of the United States.
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