Zimmer Partners LP purchased a new position in Signify Health, Inc. (NYSE:SGFY) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50,000 shares of the company’s stock, valued at approximately $1,463,000.
Several other institutional investors and hedge funds also recently bought and sold shares of SGFY. Citigroup Inc. purchased a new position in Signify Health in the 1st quarter worth about $59,000. UBS Group AG purchased a new position in Signify Health in the 1st quarter worth about $148,000. CNH Partners LLC purchased a new position in Signify Health in the 1st quarter worth about $229,000. Treasurer of the State of North Carolina purchased a new position in Signify Health in the 1st quarter worth about $241,000. Finally, Avidian Wealth Solutions LLC purchased a new position in Signify Health in the 1st quarter worth about $293,000.
A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Signify Health from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, March 26th. Robert W. Baird assumed coverage on Signify Health in a research note on Thursday, May 27th. They set an “outperform” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Signify Health in a research note on Monday, July 12th. They set an “overweight” rating and a $36.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Signify Health presently has a consensus rating of “Buy” and an average target price of $34.50.
Signify Health (NYSE:SGFY) last announced its quarterly earnings data on Tuesday, May 11th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.24. The company had revenue of $180.00 million for the quarter, compared to the consensus estimate of $169.53 million. Equities research analysts predict that Signify Health, Inc. will post 0.27 earnings per share for the current fiscal year.
About Signify Health
Signify Health, Inc operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates in two segments, Home & Community Services and Episodes of Care Services. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health.
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