Lynch Asset Management Inc. acquired a new stake in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 2,500 shares of the company’s stock, valued at approximately $235,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in GE HealthCare Technologies during the 1st quarter valued at about $25,000. Fred Alger Management LLC bought a new stake in shares of GE HealthCare Technologies in the second quarter worth approximately $26,000. BNP Paribas bought a new stake in shares of GE HealthCare Technologies in the first quarter worth approximately $30,000. Elkhorn Partners Limited Partnership bought a new stake in shares of GE HealthCare Technologies in the second quarter worth approximately $31,000. Finally, Annapolis Financial Services LLC grew its stake in shares of GE HealthCare Technologies by 171.9% in the first quarter. Annapolis Financial Services LLC now owns 348 shares of the company’s stock worth $32,000 after acquiring an additional 220 shares during the period. 82.06% of the stock is currently owned by institutional investors.
Insider Transactions at GE HealthCare Technologies
In related news, CEO Thomas J. Westrick sold 2,750 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $80.78, for a total value of $222,145.00. Following the sale, the chief executive officer now owns 17,509 shares in the company, valued at approximately $1,414,377.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on GEHC
GE HealthCare Technologies Price Performance
Shares of GEHC stock traded down $0.48 during mid-day trading on Friday, hitting $88.42. The company had a trading volume of 2,035,620 shares, compared to its average volume of 2,909,492. GE HealthCare Technologies Inc. has a 52-week low of $62.35 and a 52-week high of $94.55. The stock’s 50 day moving average price is $88.42 and its 200-day moving average price is $83.43. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 0.82. The company has a market capitalization of $40.38 billion, a P/E ratio of 25.70, a P/E/G ratio of 3.34 and a beta of 1.18.
GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. GE HealthCare Technologies had a net margin of 8.10% and a return on equity of 25.26%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.88 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that GE HealthCare Technologies Inc. will post 4.26 earnings per share for the current year.
GE HealthCare Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Friday, October 18th. GE HealthCare Technologies’s dividend payout ratio (DPR) is presently 3.49%.
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.
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