Allspring Global Investments Holdings LLC Raises Stock Position in National HealthCare Co. (NYSEAMERICAN:NHC)

Allspring Global Investments Holdings LLC raised its position in National HealthCare Co. (NYSEAMERICAN:NHC) by 28.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 owned approximately 0.13% of National HealthCare worth $1,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Kent Lake Capital LLC purchased a new position in National HealthCare during the 3rd quarter worth approximately $7,678,000. Vanguard Group Inc. boosted its position in National HealthCare by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,334,507 shares of the company’s stock worth $85,382,000 after purchasing an additional 4,759 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of National HealthCare during the 4th quarter worth approximately $46,000. State of Alaska Department of Revenue purchased a new position in shares of National HealthCare during the 4th quarter valued at approximately $766,000. Finally, International Assets Investment Management LLC lifted its stake in shares of National HealthCare by 9,150.0% in the 4th quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock valued at $34,000 after purchasing an additional 366 shares during the period. 56.44% of the stock is owned by institutional investors and hedge funds.

National HealthCare Price Performance

Shares of National HealthCare stock traded up $1.34 on Tuesday, reaching $110.77. The company’s stock had a trading volume of 5,918 shares, compared to its average volume of 64,815. The stock 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 52-week low of $56.87 and a 52-week high of $110.79.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.97 EPS 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 during the quarter.

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.