Advisory Services Network adds WebMD Health Corp. (WBMD) to its portfolio

WebMD Health Corp. (WBMD) : Advisory Services Network added new position in WebMD Health Corp. during the most recent quarter end. The investment management firm now holds 4,035 shares of WebMD Health Corp. which is valued at $203,041 , the company said in a statement filed on Oct 7, 2016 with the SEC.WebMD Health Corp. makes up approximately 0.04% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in WBMD in the latest quarter, The investment management firm added 283 additional shares and now holds a total of 3,509 shares of WebMD Health Corp. which is valued at $176,573. WebMD Health Corp. makes up approx 0.02% of Simplex Trading’s portfolio.Independent Portfolio Consultants boosted its stake in WBMD in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 7,557 shares of WebMD Health Corp. which is valued at $376,641. WebMD Health Corp. makes up approx 0.12% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WBMD by selling 21,404 shares or 71.2% in the most recent quarter. The Hedge Fund company now holds 8,656 shares of WBMD which is valued at $431,415.

WebMD Health Corp. closed down -0.27 points or -0.53% at $50.32 with 2,82,329 shares getting traded on Friday. Post opening the session at $50.68, the shares hit an intraday low of $49.73 and an intraday high of $50.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, WebMD Health Corp. reported $0.39 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $167.58 million for the quarter, compared to analysts expectations of $165.40 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on WebMD Health Corp.. Shares were Reiterated by Mizuho on Sep 19, 2016 to “Buy” and Lowered the Price Target to $ 63 from a previous price target of $68 .Mizuho Initiated WebMD Health Corp. on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $68.

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 it provides its branded health and wellness content tools and services. It also offers WebMD Health Services to employers and health plans for use by their employees and members. The Company also offers Information Services under which it sells certain information products and services on a standalone basis.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

WebMD Health Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on WebMD Health Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.