Zimmer Partners LP Invests $1.46 Million in Signify Health, Inc. (NYSE:SGFY)

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.

Shares of NYSE:SGFY traded down $0.66 during mid-day trading on Thursday, reaching $27.98. 163 shares of the company traded hands, compared to its average volume of 395,896. The stock’s 50 day simple moving average is $28.05. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 0.28. Signify Health, Inc. has a 52 week low of $22.13 and a 52 week high of $40.79.

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.

Further Reading: What does an equal weight rating mean?

Institutional Ownership by Quarter for Signify Health (NYSE:SGFY)

Receive News & Ratings for Signify Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signify Health and related companies with MarketBeat.com's FREE daily email newsletter.