Jennison Associates purchases HCA shares: 5 key notes

Jennison Associates purchased additional shares of HCA, according to a Dakota Financial News report.

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Here are five key notes:

1. Jennison Associates acquired 4,854 shares, now owning more than 1.07 million shares.

2. Jennison Associates now owns around 0.26 percent of HCA’s shares, worth around $83 million.

3. HCA traded down mid-day last week. The company has a 50-day moving average price of $67.73, with a 52-week low of $43.91.

4. HCA’s third quarter revenue was $9.86 billion, slightly down from the $9.9 billion consensus rating. The revenue was up 6.9 percent over the same period last year.

5. Recently Mizuho upped HCA’s price target from $86 to $103 and gave the stock a “buy” rating. Earlier in the year, JPMorgan Chase gave the company a “neutral” rating and $98 price objective.

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