Nine Chapters Capital Management Lowers stake in Hill-Rom Holdings (HRC)

Hill-Rom Holdings (HRC) : Nine Chapters Capital Management reduced its stake in Hill-Rom Holdings by 33.33% during the most recent quarter end. The investment management company now holds a total of 4,200 shares of Hill-Rom Holdings which is valued at $238,518 after selling 2,100 shares in Hill-Rom Holdings , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Hill-Rom Holdings makes up approximately 4.56% of Nine Chapters Capital Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in HRC in the latest quarter, The investment management firm added 83,785 additional shares and now holds a total of 1,314,699 shares of Hill-Rom Holdings which is valued at $74,661,756. Hill-Rom Holdings makes up approx 0.04% of Dimensional Fund Advisors Lp’s portfolio.Retirement Systems Of Alabama boosted its stake in HRC in the latest quarter, The investment management firm added 104 additional shares and now holds a total of 73,377 shares of Hill-Rom Holdings which is valued at $3,838,351. Hill-Rom Holdings makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Kanaly Trust Co boosted its stake in HRC in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 145 shares of Hill-Rom Holdings which is valued at $7,494.Acadian Asset Management reduced its stake in HRC by selling 447,688 shares or 75.64% in the most recent quarter. The Hedge Fund company now holds 144,168 shares of HRC which is valued at $7,496,736. Hill-Rom Holdings makes up approx 0.04% of Acadian Asset Management’s portfolio.

Hill-Rom Holdings opened for trading at $58.05 and hit $58.09 on the upside on Wednesday, eventually ending the session at $57.93, with a gain of 0.10% or 0.06 points. The heightened volatility saw the trading volume jump to 3,25,620 shares. Company has a market cap of $3,792 M.

On the company’s financial health, Hill-Rom Holdings reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.76. The company had revenue of $655.40 million for the quarter, compared to analysts expectations of $646.61 million. The company’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Jul 20, 2016, Hill-Rom Holdings announced a cash dividend of $0.1700. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Many Wall Street Analysts have commented on Hill-Rom Holdings. Hill-Rom Holdings was Upgraded by Morgan Stanley to ” Overweight” on Jun 16, 2016.

Hill-Rom Holdings Inc. (Hill-Rom) is a medical technology company. The Company partners with health care providers in more than 100 countries by focusing on patient care solutions that improve clinical and economic outcomes in five core areas: Advancing Mobility Wound Care and Prevention Clinical Workflow Surgical Safety and Efficiency and Respiratory Health. The Company operates in three segments: North America Surgical and Respiratory Care and International. North America segment sells and rents its patient support and near-patient technologies and services as well as its clinical workflow solutions in the United States and Canada. Surgical and Respiratory Care segment sells and rents its surgical and respiratory care products globally. International segment sells and rents similar products as its North America segment in regions outside of the United States and Canada.

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