Logan Capital Management Inc. Has $4.54 Million Stake in WebMD Health Corp (WBMD)
Logan Capital Management Inc. grew its position in WebMD Health Corp (NASDAQ:WBMD) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,369 shares of the health services provider’s stock after purchasing an additional 2,223 shares during the period. Logan Capital Management Inc. owned about 0.21% of WebMD Health Corp worth $4,538,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Blue Harbour Group L.P. lifted its position in shares of WebMD Health Corp by 87.2% during the first quarter. Blue Harbour Group L.P. now owns 3,361,336 shares of the health services provider’s stock valued at $177,075,000 after purchasing an additional 1,565,422 shares in the last quarter. Vanguard Group Inc. boosted its holdings in WebMD Health Corp by 4.2% during the second quarter. Vanguard Group Inc. now owns 3,066,382 shares of the health services provider’s stock worth $179,843,000 after purchasing an additional 123,295 shares during the last quarter. Janus Capital Management LLC boosted its holdings in WebMD Health Corp by 15.3% during the first quarter. Janus Capital Management LLC now owns 1,195,632 shares of the health services provider’s stock worth $62,986,000 after purchasing an additional 158,534 shares during the last quarter. State Street Corp boosted its holdings in WebMD Health Corp by 7.0% during the first quarter. State Street Corp now owns 1,191,112 shares of the health services provider’s stock worth $62,745,000 after purchasing an additional 78,201 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in WebMD Health Corp by 1.5% during the second quarter. Eagle Asset Management Inc. now owns 1,116,210 shares of the health services provider’s stock worth $65,465,000 after purchasing an additional 16,877 shares during the last quarter. Institutional investors own 90.99% of the company’s stock.
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A number of equities research analysts have issued reports on WBMD shares. Zacks Investment Research raised shares of WebMD Health Corp from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Friday, September 15th. BidaskClub cut shares of WebMD Health Corp from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, KeyCorp cut shares of WebMD Health Corp to an “overweight” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. WebMD Health Corp presently has a consensus rating of “Hold” and a consensus target price of $65.25.
WebMD Health Corp (NASDAQ:WBMD) traded up 0.02% on Tuesday, reaching $66.48. 3,214,195 shares of the company’s stock were exchanged. WebMD Health Corp has a 52-week low of $48.10 and a 52-week high of $66.57. The company has a market cap of $2.43 billion, a PE ratio of 34.04 and a beta of 0.79. The firm’s 50 day moving average price is $66.35 and its 200 day moving average price is $58.11.
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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