Cornerstone Capital Management Holdings LLC. reduced its position in WebMD Health Corp (NASDAQ:WBMD) by 51.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,732 shares of the health services provider’s stock after selling 13,423 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in WebMD Health Corp were worth $670,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised its position in shares of WebMD Health Corp by 0.9% in the fourth quarter. Comerica Bank now owns 27,746 shares of the health services provider’s stock worth $1,415,000 after buying an additional 250 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its position in shares of WebMD Health Corp by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 19,900 shares of the health services provider’s stock worth $1,048,000 after buying an additional 600 shares in the last quarter. Janus Capital Management LLC raised its position in shares of WebMD Health Corp by 0.5% in the fourth quarter. Janus Capital Management LLC now owns 1,037,098 shares of the health services provider’s stock worth $51,409,000 after buying an additional 5,379 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of WebMD Health Corp by 8.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,690 shares of the health services provider’s stock worth $332,000 after buying an additional 510 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of WebMD Health Corp by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 24,827 shares of the health services provider’s stock worth $1,231,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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

Shares of WebMD Health Corp (NASDAQ WBMD) opened at 58.97 on Friday. The company’s 50-day moving average is $56.50 and its 200-day moving average is $52.84. WebMD Health Corp has a 1-year low of $48.10 and a 1-year high of $62.45. The stock has a market cap of $2.14 billion, a P/E ratio of 30.76 and a beta of 0.65.

WebMD Health Corp (NASDAQ:WBMD) last released its quarterly earnings results on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. WebMD Health Corp had a net margin of 12.55% and a return on equity of 27.77%. The firm had revenue of $154.06 million for the quarter, compared to analysts’ expectations of $152.53 million. Equities analysts expect that WebMD Health Corp will post $2.04 EPS for the current fiscal year.

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A number of brokerages recently weighed in on WBMD. Cowen and Company lowered shares of WebMD Health Corp from an “outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research report on Wednesday, March 15th. William Blair restated a “hold” rating on shares of WebMD Health Corp in a research report on Friday, March 31st. Finally, Zacks Investment Research upgraded shares of WebMD Health Corp from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.05.

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.

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