Capstone Asset Management Co. raised its position in shares of WebMD Health Corp (NASDAQ:WBMD) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,381 shares of the health services provider’s stock after buying an additional 420 shares during the period. Capstone Asset Management Co.’s holdings in WebMD Health Corp were worth $550,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Meadow Creek Investment Management LLC raised its stake in shares of WebMD Health Corp by 10.0% in the first quarter. Meadow Creek Investment Management LLC now owns 1,936 shares of the health services provider’s stock valued at $102,000 after buying an additional 176 shares during the last quarter. Envestnet Asset Management Inc. raised its stake 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 valued at $119,000 after buying an additional 93 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of WebMD Health Corp by 10.0% in the first quarter. Glen Harbor Capital Management LLC now owns 2,464 shares of the health services provider’s stock valued at $130,000 after buying an additional 224 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of WebMD Health Corp during the first quarter valued at approximately $148,000. Finally, Elkfork Partners LLC raised its stake in shares of WebMD Health Corp by 10.0% in the first quarter. Elkfork Partners LLC now owns 2,992 shares of the health services provider’s stock valued at $158,000 after buying an additional 272 shares during the last quarter. 89.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of WebMD Health Corp (WBMD) traded up 0.03% on Friday, reaching $66.28. 314,125 shares of the company traded hands. The firm has a 50-day moving average of $62.02 and a 200-day moving average of $55.90. The company has a market capitalization of $2.42 billion, a PE ratio of 33.94 and a beta of 0.78. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.45.
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Several research firms recently commented on WBMD. Zacks Investment Research upgraded shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Thursday. Leerink Swann lowered shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock 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 boosted their price objective for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Raymond James Financial, Inc. reiterated 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. 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 analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. WebMD Health Corp currently has an average rating of “Hold” and a consensus target price of $65.25.
WebMD Health Corp Company Profile
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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