Howard Hughes Medical Institute Lowers stake in WebMD Health Corp. (WBMD)

WebMD Health Corp. (WBMD) : Howard Hughes Medical Institute reduced its stake in WebMD Health Corp. by 9.87% during the most recent quarter end. The investment management company now holds a total of 34,608 shares of WebMD Health Corp. which is valued at $2,086,170 after selling 3,788 shares in WebMD Health Corp. , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.WebMD Health Corp. makes up approximately 0.66% of Howard Hughes Medical Institute’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd sold out all of its stake in WBMD during the most recent quarter. The investment firm sold 3,237 shares of WBMD which is valued $198,396. Cibc World Markets sold out all of its stake in WBMD during the most recent quarter. The investment firm sold 33,380 shares of WBMD which is valued $2,045,860. Telemus Capital added WBMD to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $668,250. WebMD Health Corp. makes up approx 0.08% of Telemus Capital’s portfolio.Creative Planning boosted its stake in WBMD in the latest quarter, The investment management firm added 352 additional shares and now holds a total of 5,272 shares of WebMD Health Corp. which is valued at $323,015.

WebMD Health Corp. closed down -0.51 points or -0.85% at $59.44 with 5,66,215 shares getting traded on Monday. Post opening the session at $60.01, the shares hit an intraday low of $59.21 and an intraday high of $60.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, WebMD Health Corp. reported $0.39 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $167.58 million for the quarter, compared to analysts expectations of $165.40 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Many Wall Street Analysts have commented on WebMD Health Corp.. Mizuho Initiated WebMD Health Corp. on Jul 11, 2016 to “Neutral”, Price Target of the shares are set at $68.WebMD Health Corp. was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 12, 2016.

WebMD Health Corp. is a provider of health information services. The Company provides its services to consumers physicians and other healthcare professionals employers and health plans through its public and private online portals mobile platforms and health-focused publications. The WebMD Health Network includes: www.WebMD.com its primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com its primary public portal for physicians and other healthcare professionals and related mobile services; and other sites through which it provides its branded health and wellness content tools and services. It also offers WebMD Health Services to employers and health plans for use by their employees and members. The Company also offers Information Services under which it sells certain information products and services on a standalone basis.

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