National HealthCare Co. (NYSEAMERICAN:NHC) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in National HealthCare Co. (NYSEAMERICAN:NHC) by 28.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 20,741 shares of the company’s stock after acquiring an additional 4,544 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National HealthCare were worth $1,960,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of National HealthCare by 9,150.0% during the fourth quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock worth $34,000 after purchasing an additional 366 shares during the period. Blue Trust Inc. acquired a new stake in shares of National HealthCare during the fourth quarter worth $46,000. Mutual of America Capital Management LLC acquired a new stake in shares of National HealthCare during the fourth quarter worth $218,000. RFG Advisory LLC acquired a new stake in shares of National HealthCare during the fourth quarter worth $255,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of National HealthCare during the fourth quarter worth $277,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Stock Up 1.2 %

Shares of National HealthCare stock traded up $1.34 on Tuesday, reaching $110.77. 5,918 shares of the company were exchanged, compared to its average volume of 64,815. The firm has a market capitalization of $1.71 billion, a PE ratio of 25.27 and a beta of 0.37. National HealthCare Co. has a fifty-two week low of $56.87 and a fifty-two week high of $110.79.

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

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.