Blue Harbour Group L.P. raised its position in WebMD Health Corp (NASDAQ:WBMD) by 87.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,361,336 shares of the health services provider’s stock after buying an additional 1,565,422 shares during the period. WebMD Health Corp makes up approximately 6.4% of Blue Harbour Group L.P.’s investment portfolio, making the stock its 6th largest position. Blue Harbour Group L.P. owned 9.06% of WebMD Health Corp worth $177,075,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of WebMD Health Corp by 0.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,512 shares of the health services provider’s stock worth $290,000 after buying an additional 36 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of WebMD Health Corp by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,410 shares of the health services provider’s stock worth $119,000 after buying an additional 93 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of WebMD Health Corp by 2.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,502 shares of the health services provider’s stock worth $343,000 after buying an additional 130 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of WebMD Health Corp by 1.6% in the first quarter. Capstone Asset Management Co. now owns 8,961 shares of the health services provider’s stock worth $472,000 after buying an additional 140 shares in the last quarter. Finally, Clinton Group Inc. increased its position in shares of WebMD Health Corp by 2.2% in the first quarter. Clinton Group Inc. now owns 6,765 shares of the health services provider’s stock worth $356,000 after buying an additional 148 shares in the last quarter. Institutional investors own 92.19% of the company’s stock.
WebMD Health Corp (NASDAQ WBMD) traded down 0.34% during midday trading on Friday, hitting $58.35. The company had a trading volume of 467,322 shares. The stock has a market cap of $2.12 billion, a PE ratio of 30.44 and a beta of 0.65. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $64.31. The stock’s 50-day moving average price is $56.16 and its 200-day moving average price is $52.73.
WebMD Health Corp (NASDAQ:WBMD) last announced its quarterly earnings results on Tuesday, May 2nd. The health services provider reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $154.06 million for the quarter, compared to analyst estimates of $152.53 million. WebMD Health Corp had a return on equity of 27.77% and a net margin of 12.55%. On average, equities research analysts expect that WebMD Health Corp will post $2.04 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. William Blair reiterated a “hold” rating on shares of WebMD Health Corp in a research report on Friday, March 31st. Zacks Investment Research raised WebMD Health Corp from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday, April 20th. Mizuho increased their target price on WebMD Health Corp from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, February 17th. Finally, Cowen and Company cut WebMD Health Corp from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a report on Wednesday, March 15th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.05.
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 through its Websites, mobile applications and health-focused publications. Advertisers and sponsors use The WebMD Health Network to reach and engage healthcare professionals and consumers who are interested in healthy living, wellness, diseases and conditions, and other health-related topics.
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