Acadian Asset Management LLC lowered its stake in Everyday Health Inc. (NYSE:EVDY) by 36.8% during the second quarter, Holdings Channel reports. The institutional investor owned 33,472 shares of the company’s stock after selling 19,529 shares during the period. Acadian Asset Management LLC’s holdings in Everyday Health were worth $263,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Menta Capital LLC increased its position in shares of Everyday Health by 114.9% in the first quarter. Menta Capital LLC now owns 29,718 shares of the company’s stock valued at $166,000 after buying an additional 15,892 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Everyday Health during the first quarter valued at about $363,000. A.R.T. Advisors LLC increased its position in shares of Everyday Health by 13.6% in the first quarter. A.R.T. Advisors LLC now owns 87,623 shares of the company’s stock valued at $490,000 after buying an additional 10,500 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Everyday Health by 32.8% in the first quarter. TIAA CREF Investment Management LLC now owns 98,085 shares of the company’s stock valued at $549,000 after buying an additional 24,200 shares in the last quarter. Finally, Anderson Hoagland & Co. increased its position in shares of Everyday Health by 4.0% in the second quarter. Anderson Hoagland & Co. now owns 141,672 shares of the company’s stock valued at $1,116,000 after buying an additional 5,460 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.
Everyday Health Inc. (NYSE:EVDY) remained flat at $7.85 during midday trading on Friday. The company had a trading volume of 83,681 shares. Everyday Health Inc. has a 52-week low of $3.71 and a 52-week high of $10.59. The company has a 50-day moving average price of $7.65 and a 200-day moving average price of $6.90. The company’s market cap is $236.21 million.
Everyday Health (NYSE:EVDY) last released its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Everyday Health had a negative net margin of 12.19% and a positive return on equity of 1.04%. The business earned $57.65 million during the quarter, compared to analysts’ expectations of $57.51 million. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Everyday Health Inc. will post $0.48 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Leerink Swann reiterated an “outperform” rating on shares of Everyday Health in a research report on Friday, June 24th. Zacks Investment Research upgraded Everyday Health from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective for the company in a research report on Wednesday, August 24th. Finally, TheStreet upgraded Everyday Health from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.58.
About Everyday Health
Everyday Health, Inc, formerly Waterfront Media Inc, operates a digital marketing and communications platform for healthcare marketers that want to engage with consumers and healthcare professionals. The Company’s platform combines content from brands, data and analytics. The Company’s segment is providing digital health marketing and communications solutions.
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