Louisiana State Employees Retirement System Has $575,000 Position in WebMD Health Corp (NASDAQ:WBMD)

Louisiana State Employees Retirement System boosted its position in shares of WebMD Health Corp (NASDAQ:WBMD) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 9,800 shares of the health services provider’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in WebMD Health Corp were worth $575,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WBMD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in 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 during the period. Meeder Asset Management Inc. raised its position in WebMD Health Corp by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 16,524 shares of the health services provider’s stock worth $970,000 after buying an additional 89 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in 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 during the period. Capstone Asset Management Co. raised its position in 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 during the period. Finally, Clinton Group Inc. raised its position in 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 during the period. Institutional investors own 92.14% of the company’s stock.

Shares of WebMD Health Corp (NASDAQ:WBMD) traded down 0.03% during midday trading on Wednesday, reaching $66.33. 464,996 shares of the company were exchanged. The company has a 50 day moving average price of $60.12 and a 200-day moving average price of $54.84. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.45. The stock has a market capitalization of $2.41 billion, a P/E ratio of 34.60 and a beta of 0.78.

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A number of equities analysts have recently commented on the stock. Leerink Swann lowered shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $60.00 to $66.50 in a research report on Tuesday, July 25th. SunTrust Banks, Inc. lowered shares of WebMD Health Corp from a “buy” rating to a “hold” rating and raised their price objective for the company from $60.00 to $66.50 in a research report on Tuesday, July 25th. Raymond James Financial, Inc. restated a “market perform” rating and issued a $66.50 price objective on shares of WebMD Health Corp in a research report on Tuesday, July 25th. Citigroup Inc. lowered shares of WebMD Health Corp from a “buy” rating to a “neutral” rating and raised their price objective for the company from $62.00 to $66.50 in a research report on Wednesday, July 26th. Finally, BidaskClub upgraded shares of WebMD Health Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.40.

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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