Jana Partners LLC Takes Position in WebMD Health Corp (WBMD)

Jana Partners LLC purchased a new position in WebMD Health Corp (NASDAQ:WBMD) during the first quarter, Holdings Channel reports. The firm purchased 451,103 shares of the health services provider’s stock, valued at approximately $23,764,000. WebMD Health Corp makes up 0.4% of Jana Partners LLC’s investment portfolio, making the stock its 28th largest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Paulson & CO. Inc. purchased a new position in WebMD Health Corp during the first quarter valued at approximately $7,665,000. State Street Corp raised its position in WebMD Health Corp by 7.0% in the first quarter. State Street Corp now owns 1,191,112 shares of the health services provider’s stock valued at $62,745,000 after buying an additional 78,201 shares in the last quarter. Two Sigma Securities LLC purchased a new position in WebMD Health Corp during the first quarter valued at approximately $299,000. Logan Capital Management Inc. raised its position in WebMD Health Corp by 23.2% in the first quarter. Logan Capital Management Inc. now owns 75,146 shares of the health services provider’s stock valued at $3,958,000 after buying an additional 14,161 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in WebMD Health Corp by 7.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 201,509 shares of the health services provider’s stock valued at $10,616,000 after buying an additional 14,181 shares in the last quarter. 92.19% of the stock is currently owned by institutional investors and hedge funds.

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

WebMD Health Corp (NASDAQ WBMD) traded down 0.34% during midday trading on Friday, hitting $58.35. 467,322 shares of the stock were exchanged. WebMD Health Corp has a 1-year low of $48.10 and a 1-year high of $64.31. The company has a market capitalization of $2.12 billion, a P/E ratio of 30.44 and a beta of 0.65. The company’s 50 day moving average is $56.16 and its 200 day moving average is $52.73.

WebMD Health Corp (NASDAQ:WBMD) last posted its quarterly earnings data on Tuesday, May 2nd. The health services provider reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $154.06 million for the quarter, compared to analysts’ expectations of $152.53 million. Analysts predict that WebMD Health Corp will post $2.04 earnings per share for the current fiscal year.

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Several research firms have commented on WBMD. Zacks Investment Research lowered shares of WebMD Health Corp from a “buy” rating to a “hold” rating in a report on Friday, May 5th. William Blair reissued a “hold” rating on shares of WebMD Health Corp in a report on Friday, March 31st. 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 on the stock. in a report on Wednesday, March 15th. Finally, Mizuho raised their target price on shares of WebMD Health Corp from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, February 17th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. WebMD Health Corp currently has an average rating of “Buy” and a consensus price target of $65.05.

About WebMD Health Corp

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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