Janus Henderson Group PLC Acquires Shares of 1,037,533 WebMD Health Corp. (WBMD)
Janus Henderson Group PLC acquired a new position in shares of WebMD Health Corp. (NASDAQ:WBMD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,037,533 shares of the health services provider’s stock, valued at approximately $60,851,000. Janus Henderson Group PLC owned 2.84% of WebMD Health Corp. at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. bought a new position in WebMD Health Corp. during the first quarter worth $148,000. Bank of Montreal Can boosted its position in WebMD Health Corp. by 7.8% during the second quarter. Bank of Montreal Can now owns 2,966 shares of the health services provider’s stock worth $174,000 after purchasing an additional 214 shares during the period. Turner Investments LLC bought a new position in WebMD Health Corp. during the second quarter worth $176,000. Envestnet Asset Management Inc. boosted its position in WebMD Health Corp. by 39.6% during the first quarter. Envestnet Asset Management Inc. now owns 3,364 shares of the health services provider’s stock worth $178,000 after purchasing an additional 954 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in WebMD Health Corp. during the second quarter worth $214,000. 90.99% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised WebMD Health Corp. from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Friday, September 15th. BidaskClub downgraded WebMD Health Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, KeyCorp downgraded WebMD Health Corp. to an “overweight” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.25.
Shares of WebMD Health Corp. (NASDAQ:WBMD) opened at 66.48 on Friday. WebMD Health Corp. has a 12-month low of $48.10 and a 12-month high of $66.57. The stock’s 50 day moving average price is $66.35 and its 200-day moving average price is $58.11. The firm has a market cap of $2.43 billion, a P/E ratio of 34.04 and a beta of 0.79.
WebMD Health Corp. 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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