Freshford Capital Management Lowers stake in WebMD Health Corp. (WBMD)

WebMD Health Corp. (WBMD) : Freshford Capital Management reduced its stake in WebMD Health Corp. by 18.57% during the most recent quarter end. The investment management company now holds a total of 292,538 shares of WebMD Health Corp. which is valued at $15,668,335 after selling 66,700 shares in WebMD Health Corp. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.WebMD Health Corp. makes up approximately 4.99% of Freshford Capital Management’s portfolio.

Other Hedge Funds, Including , Columbia Partners L L C Investment Management reduced its stake in WBMD by selling 17,427 shares or 13.5% in the most recent quarter. The Hedge Fund company now holds 111,684 shares of WBMD which is valued at $5,981,795. WebMD Health Corp. makes up approx 0.48% of Columbia Partners L L C Investment Management’s portfolio. Eam Investors sold out all of its stake in WBMD during the most recent quarter. The investment firm sold 41,015 shares of WBMD which is valued $2,184,459. Monarch Partners Asset Management sold out all of its stake in WBMD during the most recent quarter. The investment firm sold 125,110 shares of WBMD which is valued $6,483,200.

WebMD Health Corp. closed down -0.13 points or -0.24% at $53.78 with 4,40,773 shares getting traded on Monday. Post opening the session at $53.95, the shares hit an intraday low of $53.64 and an intraday high of $54.19 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WebMD Health Corp. reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.40. The company had revenue of $171.40 million for the quarter, compared to analysts expectations of $170.59 million. The company’s revenue was up 12.3% 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 Downgraded by Mizuho on Nov 2, 2016 to ” Neutral” and Lowered the Price Target to $ 52 from a previous price target of $63 .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 .

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.

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