WebMD Health Corp. (WBMD) Shares Sold by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC decreased its stake in WebMD Health Corp. (NASDAQ:WBMD) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,100 shares of the company’s stock after selling 2,830 shares during the period. Copper Rock Capital Partners LLC owned 0.82% of WebMD Health Corp. worth $15,300,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of WebMD Health Corp. during the first quarter valued at $115,000. LS Investment Advisors LLC acquired a new position in shares of WebMD Health Corp. during the second quarter valued at $134,000. BlackRock Inc. boosted its position in shares of WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock valued at $156,000 after buying an additional 1,413 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of WebMD Health Corp. by 11,003.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,553 shares of the company’s stock valued at $207,000 after buying an additional 3,521 shares in the last quarter. Finally, Smithfield Trust Co. boosted its position in WebMD Health Corp. by 23.4% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the company’s stock valued at $215,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.
WebMD Health Corp. (NASDAQ:WBMD) opened at 50.59 on Friday. The company has a market cap of $1.90 billion, a PE ratio of 31.15 and a beta of 0.57. WebMD Health Corp. has a 52-week low of $40.51 and a 52-week high of $67.55. The firm has a 50-day moving average price of $51.12 and a 200-day moving average price of $58.65.
WebMD Health Corp. (NASDAQ:WBMD) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company earned $167.60 million during the quarter, compared to the consensus estimate of $165.46 million. WebMD Health Corp. had a return on equity of 40.02% and a net margin of 11.05%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. On average, analysts forecast that WebMD Health Corp. will post $1.82 EPS for the current year.
Several equities analysts recently weighed in on the stock. KeyCorp reissued a “buy” rating on shares of WebMD Health Corp. in a research note on Friday, September 30th. Leerink Swann reissued a “buy” rating on shares of WebMD Health Corp. in a research note on Wednesday, September 28th. Zacks Investment Research raised shares of WebMD Health Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Mizuho reaffirmed a “buy” rating and set a $63.00 price target (down previously from $68.00) on shares of WebMD Health Corp. in a report on Monday, September 19th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $62.00 price target on shares of WebMD Health Corp. in a report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus 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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