Health Management Associates Rises On Unusually High Volume (HMA)
Health Management Associates (NYSE:HMA) is trading at unusually high volume Monday with eight million shares changing hands. It is currently at two times its average daily volume and trading up 34 cents (+3%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Health Management Associates (NYSE: HMA) is trading at unusually high volume Monday with eight million shares changing hands. It is currently at two times its average daily volume and trading up 34 cents (+3%) at $11.54 as of 3:30 p.m. ET.
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Health Management Associates has a market cap of $2.92 billion and is part of the health care sector and health services industry. Shares are up 20.2% year to date as of the close of trading on Friday. Health Management Associates, Inc., through its subsidiaries, engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Health Management Associates as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Health Management Associates Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
Community Health Systems may close its $7.6 billion acquisition of Health Management Associates, but with the uncertainties of a new healthcare law and the merger partners' own legal problems, it needed good timing to put reasonable financing in place.