Gilder Gagnon Howe & Co. LLC reduced its holdings in shares of Goosehead Insurance Inc (NASDAQ:GSHD) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,115,033 shares of the company’s stock after selling 121,437 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 15.63% of Goosehead Insurance worth $71,636,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in GSHD. Jennison Associates LLC purchased a new stake in shares of Goosehead Insurance during the 2nd quarter valued at approximately $20,355,000. BlackRock Inc. purchased a new stake in shares of Goosehead Insurance during the 2nd quarter valued at approximately $12,772,000. American Century Companies Inc. purchased a new stake in shares of Goosehead Insurance during the 2nd quarter valued at approximately $5,753,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Goosehead Insurance during the 2nd quarter valued at approximately $5,297,000. Finally, Wasatch Advisors Inc. purchased a new stake in shares of Goosehead Insurance during the 2nd quarter valued at approximately $4,534,000. Institutional investors own 75.67% of the company’s stock.
Shares of GSHD stock traded up $3.37 during trading on Tuesday, reaching $35.25. 280,679 shares of the company’s stock traded hands, compared to its average volume of 130,619. Goosehead Insurance Inc has a 1 year low of $10.78 and a 1 year high of $38.18.
GSHD has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Goosehead Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price target on shares of Goosehead Insurance in a research note on Thursday, August 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.00.
Goosehead Insurance Company Profile
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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