Cowen Inc. Buys New Holdings in WebMD Health Corp (WBMD)

Cowen Inc. bought a new position in WebMD Health Corp (NASDAQ:WBMD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 274,845 shares of the health services provider’s stock, valued at approximately $16,120,000. WebMD Health Corp accounts for about 0.9% of Cowen Inc.’s portfolio, making the stock its 16th biggest position. Cowen Inc. owned about 0.76% of WebMD Health Corp at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Capital Management LLC raised its holdings in WebMD Health Corp by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 1,195,632 shares of the health services provider’s stock worth $62,986,000 after acquiring an additional 158,534 shares during the period. Envestnet Asset Management Inc. raised its holdings in WebMD Health Corp by 39.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,364 shares of the health services provider’s stock worth $178,000 after acquiring an additional 954 shares during the period. Jana Partners LLC bought a new position in WebMD Health Corp in the 1st quarter worth $23,764,000. Geode Capital Management LLC raised its holdings in WebMD Health Corp by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 297,709 shares of the health services provider’s stock worth $15,683,000 after acquiring an additional 10,819 shares during the period. Finally, Karp Capital Management Corp bought a new position in WebMD Health Corp in the 1st quarter worth $227,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Several research analysts recently commented on the stock. KeyCorp downgraded shares of WebMD Health Corp to an “overweight” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of WebMD Health Corp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Leerink Swann downgraded shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $60.00 to $66.50 in a report on Tuesday, July 25th. Citigroup Inc. downgraded shares of WebMD Health Corp from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $62.00 to $66.50 in a report on Wednesday, July 26th. Finally, Zacks Investment Research downgraded shares of WebMD Health Corp from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. WebMD Health Corp has a consensus rating of “Hold” and an average target price of $65.25.

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WebMD Health Corp (NASDAQ WBMD) traded up 0.023% during mid-day trading on Monday, reaching $66.455. 119,772 shares of the company were exchanged. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.57. The company’s 50 day moving average price is $66.31 and its 200-day moving average price is $57.68. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 34.027 and a beta of 0.79.

WebMD Health Corp Company 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.

Institutional Ownership by Quarter for WebMD Health Corp (NASDAQ:WBMD)

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