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Stock Market & Financial Investment News

News Breaks
May 19, 2014
16:26 EDTHCAHCA Holdings files to sell 15M shares of common stock for holders
HCA Holdings announced that certain of its stockholders, consisting principally of affiliates of, or funds sponsored by, Bain Capital Partners and Kohlberg Kravis Roberts & Co. intend to offer for sale in an underwritten secondary offering 15 million shares of its common stock pursuant to the company’s shelf registration statement filed with the SEC. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by management or the company. The last reported sale price of the company’s common stock on May 19, 2014 was $51.51 per share. The offering is expected to close on May 23, subject to customary closing conditions. Conditional upon and concurrent with the closing of the offering, the company has agreed to repurchase approximately $750M of additional shares of its common stock from the Selling Stockholders at the net offering price. Citigroup will act as the underwriter for the offering.
News For HCA From The Last 14 Days
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February 5, 2016
06:23 EDTHCA20 companies make alliance to keep down healthcare costs, WSJ says
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January 29, 2016
14:24 EDTHCAEarnings Watch: Aetna down 9% since last report
Aetna (AET) is scheduled to report fourth quarter earnings before the market open on Monday, February 1, with a conference call scheduled for 8:30 am ET. Aetna, a diversified health care benefits company in the United States, operates in three segments: Health Care, Group Insurance, and Large Case Pensions. EXPECTATIONS: Analysts are looking for earnings per share of $1.21 on revenue of $14.93B, according to First Call. The consensus range for EPS is $1.16-$1.32 on revenue of $14.44B-$15.36B. LAST QUARTER: Aetna reported third quarter EPS of $1.90 on revenue of $14.97B against analyst estimates of $1.77 and $14.95B, respectively. The company raised its fiscal 2015 EPS view to $7.45-$7.55 from "at least $7.40." Operating earnings were $668.6M for Q315 compared with $638.6M for Q314. The increase in operating earnings was primarily due to higher underwriting margins in Aetna's Health Care segment, partially offset by an increase in general and administrative expenses and lower underwriting margins in Aetna's Group Insurance segment. On January 11, Aetna said it see FY15 EPS at the high end of the $7.45-$7.55 range. Consensus for FY15 EPS is $7.54. STREET RESEARCH: On January 15, Wells Fargo said it expects health insurers' stock to do well this year, as the firm expects M&A deals made the last years to increase profits this year, and it thinks investors should be attracted to what it sees as the defensive names in the sector. Wells does not believe that any changes to or replacements of the ACA will be worse for the sector than the status quo. It identified Aetna and HCA Holdings (HCA) as its favorite names in the sector. On January 25, Leerink analyst Ana Gupte said she believed the recent selloff has provided a "strong" buying opportunity in the Managed Care space. Valuations are attractive on multiple metrics, Gupte told investors in a research note. Her top picks are UnitedHealth (UNH), Aetna, Humana (HUM) and Molina Healthcare (MOH). The analyst also favors Anthem (ANTM) and Cigna (CI). PRICE ACTION: Shares of Aetna are down approximately 9% since its last earnings report. The stock is up 2.6% to $101.42 in Friday afternoon trading ahead of Monday morning's report.
January 28, 2016
08:35 EDTHCAHCA Holdings sees FY16 adjusted EPS $6.00-$6.45, consensus $5.79
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08:33 EDTHCAHCA Holdings reports Q4 EPS $1.40, consensus $1.40
Reports Q4 revenue $10.249B, consensus $10.16B.
January 27, 2016
14:34 EDTHCANotable companies reporting before tomorrow's open
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11:27 EDTHCAOptions with increasing call volume
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