Private Management Group Inc. Takes Position in Sharecare, Inc. (NASDAQ:SHCR)

Private Management Group Inc. acquired a new position in shares of Sharecare, Inc. (NASDAQ:SHCR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,083,276 shares of the company’s stock, valued at approximately $4,410,000. Private Management Group Inc. owned about 1.16% of Sharecare as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SHCR. Arkadios Wealth Advisors purchased a new position in shares of Sharecare during the third quarter worth about $75,000. Harbor Capital Advisors Inc. grew its holdings in shares of Sharecare by 19.2% during the third quarter. Harbor Capital Advisors Inc. now owns 68,992 shares of the company’s stock worth $65,000 after buying an additional 11,112 shares during the last quarter. Pennsylvania Capital Management Inc. ADV purchased a new position in shares of Sharecare during the third quarter worth about $6,252,000. Principal Financial Group Inc. lifted its position in Sharecare by 30.4% in the third quarter. Principal Financial Group Inc. now owns 42,937 shares of the company’s stock valued at $40,000 after purchasing an additional 9,999 shares during the period. Finally, Boston Partners lifted its position in shares of Sharecare by 25.3% during the 3rd quarter. Boston Partners now owns 329,820 shares of the company’s stock valued at $310,000 after acquiring an additional 66,554 shares during the period. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHCR. BTIG Research downgraded Sharecare from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Morgan Stanley lowered their target price on shares of Sharecare from $1.50 to $1.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th.

Sharecare Stock Up 5.7 %

Sharecare stock traded up $0.04 during trading on Wednesday, reaching $0.77. 2,374,817 shares of the company’s stock were exchanged, compared to its average volume of 1,626,351. The company’s 50-day moving average is $0.87 and its two-hundred day moving average is $0.98. Sharecare, Inc. has a 52-week low of $0.48 and a 52-week high of $1.80.

Sharecare (NASDAQ:SHCR) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Sharecare had a negative return on equity of 17.11% and a negative net margin of 28.86%. The firm had revenue of $105.28 million during the quarter, compared to analyst estimates of $113.88 million. Equities research analysts forecast that Sharecare, Inc. will post -0.21 earnings per share for the current fiscal year.

Sharecare Company Profile

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to enhance their health and well-being.