Insight Capital Research & Management Inc. cut its stake in WebMD Health Corp. (NASDAQ:WBMD) by 10.3% during the second quarter, Holdings Channel reports. The institutional investor owned 23,615 shares of the company’s stock after selling 2,705 shares during the period. Insight Capital Research & Management Inc.’s holdings in WebMD Health Corp. were worth $1,372,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Monarch Partners Asset Management LLC boosted its stake in WebMD Health Corp. by 2.6% in the second quarter. Monarch Partners Asset Management LLC now owns 125,110 shares of the company’s stock valued at $7,270,000 after buying an additional 3,225 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in WebMD Health Corp. during the second quarter valued at about $2,900,000. RS Investment Management Co. LLC bought a new position in shares of WebMD Health Corp. during the second quarter worth approximately $40,334,000. Seven Bridges Advisors LLC raised its position in shares of WebMD Health Corp. by 10.8% in the second quarter. Seven Bridges Advisors LLC now owns 14,932 shares of the company’s stock worth $868,000 after buying an additional 1,460 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of WebMD Health Corp. during the second quarter worth approximately $599,000. Institutional investors and hedge funds own 84.19% of the company’s stock.
Shares of WebMD Health Corp. (NASDAQ:WBMD) traded down 1.10% during midday trading on Tuesday, reaching $49.55. 227,963 shares of the company’s stock traded hands. WebMD Health Corp. has a one year low of $40.51 and a one year high of $67.55. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 30.51 and a beta of 0.57. The company has a 50-day moving average of $51.21 and a 200-day moving average of $58.77.
WebMD Health Corp. (NASDAQ:WBMD) last released its earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. WebMD Health Corp. had a net margin of 11.05% and a return on equity of 40.02%. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $165.46 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that WebMD Health Corp. will post $1.82 EPS for the current year.
A number of brokerages have recently commented on WBMD. Vetr raised shares of WebMD Health Corp. from a “hold” rating to a “strong-buy” rating and set a $71.50 price target on the stock in a report on Monday, July 11th. Leerink Swann reissued a “buy” rating on shares of WebMD Health Corp. in a report on Wednesday, September 28th. Zacks Investment Research raised shares of WebMD Health Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Mizuho reissued a “buy” rating and issued a $63.00 price target (down previously from $68.00) on shares of WebMD Health Corp. in a report on Monday, September 19th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of WebMD Health Corp. in a report on Wednesday, June 22nd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. WebMD Health Corp. presently has a consensus rating of “Buy” and an average price target of $64.79.
About WebMD Health Corp.
WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com, its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which, the Company provides its branded health and wellness content, tools and services.
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