National HealthCare (NYSEAMERICAN:NHC) Stock Crosses Above 200 Day Moving Average – What’s Next?

National HealthCare Co. (NYSEAMERICAN:NHC)’s stock 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 $135.34. National HealthCare shares last traded at $134.43, with a volume of 53,954 shares trading hands.

National HealthCare Stock Up 3.5 %

The company has a market capitalization of $2.07 billion, a PE ratio of 31.05 and a beta of 0.37.

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

Hedge Funds Weigh In On National HealthCare

A hedge fund recently raised its stake in National HealthCare stock. BNP Paribas Financial Markets lifted its position in National HealthCare Co. (NYSEAMERICAN:NHC) by 77.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,277 shares of the company’s stock after buying an additional 2,749 shares during the quarter. BNP Paribas Financial Markets’ holdings in National HealthCare were worth $593,000 as of its most recent filing with the SEC. 56.44% of the stock is currently owned by institutional investors.

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.