Quantitative Systematic Strategies LLC Takes Position in WebMD Health Corp (WBMD)

Quantitative Systematic Strategies LLC bought a new stake in shares of WebMD Health Corp (NASDAQ:WBMD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,662 shares of the health services provider’s stock, valued at approximately $214,000.

A number of other hedge funds have also modified their holdings of the stock. State Treasurer State of Michigan increased its stake in WebMD Health Corp by 2.0% in the second quarter. State Treasurer State of Michigan now owns 15,585 shares of the health services provider’s stock worth $914,000 after buying an additional 300 shares during the last quarter. Aperio Group LLC increased its stake in WebMD Health Corp by 31.5% in the second quarter. Aperio Group LLC now owns 5,680 shares of the health services provider’s stock worth $333,000 after buying an additional 1,362 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in WebMD Health Corp by 3.2% in the second quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the health services provider’s stock worth $575,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC increased its position in WebMD Health Corp by 7.9% in the second quarter. LS Investment Advisors LLC now owns 5,645 shares of the health services provider’s stock valued at $331,000 after buying an additional 414 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in WebMD Health Corp by 4.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,081 shares of the health services provider’s stock valued at $826,000 after buying an additional 559 shares in the last quarter. 89.87% of the stock is currently owned by institutional investors.

WebMD Health Corp (NASDAQ WBMD) opened at 66.28 on Friday. The company’s 50-day moving average price is $62.24 and its 200-day moving average price is $56.02. The stock has a market cap of $2.42 billion, a PE ratio of 33.94 and a beta of 0.78. WebMD Health Corp has a 12-month low of $48.10 and a 12-month high of $66.45.

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Several equities analysts have recently weighed in on WBMD shares. Zacks Investment Research raised WebMD Health Corp from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Thursday. Citigroup Inc. downgraded WebMD Health Corp from a “buy” rating to a “neutral” rating and boosted their target price for the company from $62.00 to $66.50 in a research report on Wednesday, July 26th. Raymond James Financial, Inc. downgraded WebMD Health Corp from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, July 26th. SunTrust Banks, Inc. downgraded WebMD Health Corp from a “buy” rating to a “hold” rating and boosted their target price for the company from $60.00 to $66.50 in a research report on Tuesday, July 25th. Finally, BidaskClub raised WebMD Health Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $65.25.

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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