Pineridge Advisors LLC Buys New Position in National HealthCare Co. (NYSEAMERICAN:NHC)

Pineridge Advisors LLC bought a new stake in National HealthCare Co. (NYSEAMERICAN:NHC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,000 shares of the company’s stock, valued at approximately $2,680,000. National HealthCare makes up about 0.9% of Pineridge Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Pineridge Advisors LLC owned about 0.19% of National HealthCare as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NHC. Vanguard Group Inc. boosted its holdings in shares of National HealthCare by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,334,507 shares of the company’s stock valued at $85,382,000 after buying an additional 4,759 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National HealthCare by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 957,815 shares of the company’s stock valued at $88,523,000 after acquiring an additional 22,317 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in National HealthCare by 14.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,315 shares of the company’s stock worth $18,421,000 after purchasing an additional 25,193 shares during the period. Kent Lake Capital LLC purchased a new stake in shares of National HealthCare during the 3rd quarter worth approximately $7,678,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of National HealthCare during the 4th quarter worth approximately $6,484,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Stock Up 0.4 %

NHC stock traded up $0.38 during midday trading on Friday, reaching $103.20. The company’s stock had a trading volume of 36,941 shares, compared to its average volume of 65,094. National HealthCare Co. has a 1 year low of $56.87 and a 1 year high of $107.45. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 23.83 and a beta of 0.37.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.97 earnings per share for the quarter. The company had revenue of $297.18 million for the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%.

About National HealthCare

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.