Kovack Advisors Inc. Has $338,000 Stock Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Kovack Advisors Inc. trimmed its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 25.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,368 shares of the company’s stock after selling 1,503 shares during the quarter. Kovack Advisors Inc.’s holdings in GE HealthCare Technologies were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. First Command Advisory Services Inc. lifted its position in shares of GE HealthCare Technologies by 36,900.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 369 shares during the period. Legacy Financial Group LLC bought a new position in GE HealthCare Technologies in the third quarter worth $26,000. OFI Invest Asset Management acquired a new stake in GE HealthCare Technologies during the third quarter worth $26,000. ORG Partners LLC increased its holdings in GE HealthCare Technologies by 174.2% in the 3rd quarter. ORG Partners LLC now owns 425 shares of the company’s stock valued at $29,000 after buying an additional 270 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of GE HealthCare Technologies in the 4th quarter valued at $29,000. 82.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GEHC. Argus lifted their target price on shares of GE HealthCare Technologies from $80.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, April 1st. UBS Group raised shares of GE HealthCare Technologies from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $88.00 in a report on Monday, February 12th. HSBC initiated coverage on GE HealthCare Technologies in a report on Thursday, February 15th. They issued a “buy” rating and a $100.00 target price on the stock. Mizuho increased their price target on GE HealthCare Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley lifted their price objective on GE HealthCare Technologies from $74.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, GE HealthCare Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $95.09.

GE HealthCare Technologies Trading Up 3.1 %

GEHC stock opened at $88.94 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. GE HealthCare Technologies Inc. has a twelve month low of $62.35 and a twelve month high of $94.50. The company has a market cap of $40.59 billion, a P/E ratio of 29.45, a PEG ratio of 3.00 and a beta of 0.95. The business has a fifty day moving average of $88.98 and a 200-day moving average of $78.75.

GE HealthCare Technologies (NASDAQ:GEHC) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. GE HealthCare Technologies had a net margin of 8.02% and a return on equity of 25.58%. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. GE HealthCare Technologies’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities research analysts expect that GE HealthCare Technologies Inc. will post 4.3 EPS for the current year.

GE HealthCare Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.12 annualized dividend and a dividend yield of 0.13%. GE HealthCare Technologies’s payout ratio is currently 3.97%.

GE HealthCare Technologies Company Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.