- Hospital operator HCA Healthcare ( NYSE: HCA ) fell to a 52-week low of $164.47 in Thursday trading.
- Shares are down ~24% over the last year and 34% year to date.
- In Q1 2022, the company's bottom line came in a bit weak as net income was $1.27B compared to $1.42B in the year-ago period. At the time, it also lowered its fiscal 2022 revenue and EPS guidance .
- Other hospital operators and acute care facilities have also been suffering as evidenced by hefty YTD declines for Universal Health Services ( UHS ), Tenet Healthcare ( THC ), and Community Health Systems ( CYH ).
- BMO Capital Markets recently slashed its price target for HCA Healthcare ( HCA ).
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HCA Healthcare hits 52-week low; stock down 34% YTD