Zimmer Partners LP Invests $1.46 Million in Signify Health, Inc. (NYSE:SGFY)

Zimmer Partners LP purchased a new position in shares of Signify Health, Inc. (NYSE:SGFY) during the first quarter, Holdings Channel reports. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $1,463,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. bought a new position in shares of Signify Health during the 1st quarter worth $59,000. UBS Group AG bought a new stake in Signify Health during the first quarter valued at about $148,000. CNH Partners LLC bought a new stake in Signify Health during the first quarter valued at about $229,000. Treasurer of the State of North Carolina bought a new stake in Signify Health during the first quarter valued at about $241,000. Finally, Rokos Capital Management LLP bought a new stake in Signify Health during the first quarter valued at about $274,000.

A number of equities research analysts recently weighed in on the company. Robert W. Baird assumed coverage on Signify Health in a research report on Thursday, May 27th. They set an “outperform” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Signify Health in a research report on Monday, July 12th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Signify Health from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, March 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Signify Health has a consensus rating of “Buy” and an average target price of $34.50.

Signify Health stock traded down $0.66 during midday trading on Thursday, reaching $27.98. The company’s stock had a trading volume of 163 shares, compared to its average volume of 395,896. The stock’s 50-day simple moving average is $28.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.24 and a current ratio of 5.24. Signify Health, Inc. has a 52-week low of $22.13 and a 52-week high of $40.79.

Signify Health (NYSE:SGFY) last released its quarterly earnings results on Tuesday, May 11th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.24. The business had revenue of $180.00 million during the quarter, compared to analysts’ expectations of $169.53 million. As a group, sell-side analysts predict that Signify Health, Inc. will post 0.27 EPS for the current fiscal year.

Signify Health Profile

Signify Health, Inc operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates in two segments, Home & Community Services and Episodes of Care Services. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health.

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Institutional Ownership by Quarter for Signify Health (NYSE:SGFY)

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