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 31.65% during the most recent quarter end. The investment management company now holds a total of 359,238 shares of WebMD Health Corp. which is valued at $19,201,271 after selling 166,370 shares in WebMD Health Corp. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.WebMD Health Corp. makes up approximately 5.47% of Freshford Capital Management’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in WBMD in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 63,117 shares of WebMD Health Corp. which is valued at $3,373,604.Engineers Gate Manager Lp boosted its stake in WBMD in the latest quarter, The investment management firm added 4,903 additional shares and now holds a total of 50,189 shares of WebMD Health Corp. which is valued at $2,682,602. WebMD Health Corp. makes up approx 0.18% of Engineers Gate Manager Lp’s portfolio. Acrospire Investment Management sold out all of its stake in WBMD during the most recent quarter. The investment firm sold 600 shares of WBMD which is valued $35,664. Ls Investment Advisors added WBMD to its portfolio by purchasing 2,313 company shares during the most recent quarter which is valued at $141,764. WebMD Health Corp. makes up approx 0.01% of Ls Investment Advisors’s portfolio.

WebMD Health Corp. opened for trading at $51.43 and hit $52.11 on the upside on Thursday, eventually ending the session at $52.05, with a gain of 0.93% or 0.48 points. The heightened volatility saw the trading volume jump to 4,37,547 shares. Company has a market cap of $2,029 M.

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.. 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.

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