Tower Research Capital LLC TRC increased its stake in WebMD Health Corp. (NASDAQ:WBMD) by 11,003.1% during the second quarter, Holdings Channel reports. The fund owned 3,553 shares of the company’s stock after buying an additional 3,521 shares during the period. Tower Research Capital LLC TRC’s holdings in WebMD Health Corp. were worth $207,000 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 stake in WebMD Health Corp. during the first quarter worth $115,000. LS Investment Advisors LLC acquired a new stake in WebMD Health Corp. during the second quarter worth $134,000. BlackRock Inc. increased its stake in WebMD Health Corp. by 131.1% in the first quarter. BlackRock Inc. now owns 2,491 shares of the company’s stock worth $156,000 after buying an additional 1,413 shares during the period. Parametrica Management Ltd acquired a new stake in WebMD Health Corp. during the first quarter worth $203,000. Finally, Smithfield Trust Co. increased its stake in WebMD Health Corp. by 23.4% in the second quarter. Smithfield Trust Co. now owns 3,690 shares of the company’s stock worth $215,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.
WebMD Health Corp. (NASDAQ:WBMD) opened at 50.64 on Thursday. The firm has a 50-day moving average of $51.65 and a 200-day moving average of $59.02. WebMD Health Corp. has a 52 week low of $39.67 and a 52 week high of $67.55. The company has a market capitalization of $1.90 billion, a P/E ratio of 31.18 and a beta of 0.70.
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 Zacks’ 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 business had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $165.46 million. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that WebMD Health Corp. will post $1.82 EPS for the current fiscal year.
A number of research firms have recently weighed in on WBMD. Leerink Swann restated a “buy” rating on shares of WebMD Health Corp. in a report on Wednesday. Zacks Investment Research upgraded shares of WebMD Health Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 20th. Mizuho restated a “buy” rating and issued a $63.00 target price (down from $68.00) on shares of WebMD Health Corp. in a report on Monday, September 19th. KeyCorp cut their price target on shares of WebMD Health Corp. from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Finally, Goldman Sachs Group Inc. reiterated 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 given a buy rating and two have issued a strong buy rating to the company’s stock. WebMD Health Corp. 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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