Acuta Capital Partners buys $7,569,450 stake in Everyday Health Inc (EVDY)

Everyday Health Inc (EVDY) : Acuta Capital Partners scooped up 120,500 additional shares in Everyday Health Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 945,000 shares of Everyday Health Inc which is valued at $7,569,450.Everyday Health Inc makes up approximately 3.70% of Acuta Capital Partners’s portfolio.

Other Hedge Funds, Including , Harbourvest Partners sold out all of its stake in EVDY during the most recent quarter. The investment firm sold 9,939 shares of EVDY which is valued $79,611.United Services Automobile Association reduced its stake in EVDY by selling 2,820 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 100,300 shares of EVDY which is valued at $803,403. Nine Chapters Capital Management sold out all of its stake in EVDY during the most recent quarter. The investment firm sold 51,100 shares of EVDY which is valued $423,619. Simplex Trading added EVDY to its portfolio by purchasing 3,954 company shares during the most recent quarter which is valued at $32,660.

Everyday Health Inc closed down -0.07 points or -0.91% at $7.59 with 1,26,640 shares getting traded on Thursday. Post opening the session at $7.65, the shares hit an intraday low of $7.51 and an intraday high of $7.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Everyday Health Inc reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.07. The company had revenue of $57.65 million for the quarter, compared to analysts expectations of $57.47 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Everyday Health Inc. is a provider of digital health and wellness solutions. The Company’s content portfolio and data and analytics provide marketers with a platform to promote their products and services. The Company’s technology platform serves healthcare payors providers and employers. The content offerings available on its operated properties include everyday health/healthy living content health condition and drug encyclopedia health news original video interactive slideshows and graphics expert and patient perspective health assessments health tools and community healthy recipes. The Everyday Health portfolio of properties consists of approximately 25 Websites 21 mobile applications and various social media destinations. Its portfolio includes brands such as Everyday Health MedPage Today What to Expect Jillian Michaels and The South Beach Diet and incorporates content from health authorities such as Dr. Sanjay Gupta.

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