Price Action Alert: What Will Happen to National HealthCare Corporation Next? The Stock Just Reaches 52-Week High

Price Action Alert: What Will Happen to National HealthCare Corporation Next? The Stock Just Reaches 52 Week High

The stock of National HealthCare Corporation (NYSEMKT:NHC) hit a new 52-week high and has $74.71 target or 6.00% above today’s $70.48 share price. The 9 months bullish chart indicates low risk for the $1.07 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $74.71 price target is reached, the company will be worth $64.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.89% or $0.62 during the last trading session, hitting $70.48. About 15,164 shares traded hands. National HealthCare Corporation (NYSEMKT:NHC) has risen 9.22% since April 22, 2016 and is uptrending. It has outperformed by 3.82% the S&P500.

Analysts await National HealthCare Corporation (NYSEMKT:NHC) to report earnings on February, 17.

According to Zacks Investment Research, “National HealthCare Corporation principally operates long-term health care centers and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.”

Insitutional Activity: The institutional sentiment decreased to 1.89 in 2016 Q2. Its down 0.04, from 1.93 in 2016Q1. The ratio dived, as 10 funds sold all National HealthCare Corporation shares owned while 18 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 5.09 million shares or 5.37% more from 4.83 million shares in 2016Q1.
Voya Investment Limited Liability Company has invested 0% of its portfolio in National HealthCare Corporation (NYSEMKT:NHC). Us National Bank De holds 118 shares or 0% of its portfolio. Wells Fargo Mn accumulated 6,479 shares or 0% of the stock. North Point Port Managers Corp Oh last reported 0.04% of its portfolio in the stock. Intl Gru Incorporated holds 0% or 6,442 shares in its portfolio. First Advisors Lp owns 22,285 shares or 0% of their US portfolio. Advsrs Asset Mgmt has 55 shares for 0% of their US portfolio. Oppenheimer Com reported 13,678 shares or 0.03% of all its holdings. Allianz Asset Mngmt Ag owns 3,580 shares or 0% of their US portfolio. Bridgeway Capital has 21,920 shares for 0.02% of their US portfolio. Eqis Cap Management has invested 0.02% of its portfolio in National HealthCare Corporation (NYSEMKT:NHC). Eaton Vance Management accumulated 3,355 shares or 0% of the stock. Credit Suisse Ag accumulated 12,129 shares or 0% of the stock. California State Teachers Retirement Sys owns 23,465 shares or 0% of their US portfolio. Strs Ohio last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 4 selling transactions for $8.76 million net activity. NATIONAL HEALTH CORP also sold $8.20M worth of National HealthCare Corporation (NYSEMKT:NHC) shares. The insider LASSITER DAVID L sold $321,197. Shares for $69,440 were sold by ABERNATHY JAMES PAUL.

NHC Company Profile

National HealthCare Corporation (NHC), incorporated on September 26, 1997, is engaged in the operation of skilled nursing facilities with associated assisted living and independent living centers. The Company’s business activities include providing sub-acute skilled and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, senior living services and home healthcare services. It operates in the post-acute health care industry segment. The Firm has a non-controlling ownership interest in a hospice care business that services NHC owned healthcare centers and others. In addition, it provides management services, accounting and financial services, and insurance services to third-party owners of healthcare facilities. It also owns the real estate of over 10 healthcare properties and leases these properties to third party operators. The Firm operates in over 10 states, and its owned and leased properties are located primarily in the southeastern, northeastern, and Midwestern parts of the United States.

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