Francisco Partners Management Lp adds Connecture Inc (CNXR) to its portfolio

Connecture Inc (CNXR) : Francisco Partners Management Lp added new position in Connecture Inc during the most recent quarter end. The investment management firm now holds 1,550,286 shares of Connecture Inc which is valued at $2,681,995 , the company said in a statement filed on Aug 12, 2016 with the SEC.Connecture Inc makes up approximately 0.98% of Francisco Partners Management Lp’s portfolio.

Other Hedge Funds, Including , Tiverton Asset Management sold out all of its stake in CNXR during the most recent quarter. The investment firm sold 64,922 shares of CNXR which is valued $112,315. Blackrock Advisors sold out all of its stake in CNXR during the most recent quarter. The investment firm sold 2,006 shares of CNXR which is valued $3,470. Oxford Asset Management added CNXR to its portfolio by purchasing 19,513 company shares during the most recent quarter which is valued at $33,757. Ftb Advisors sold out all of its stake in CNXR during the most recent quarter. The investment firm sold 1,875 shares of CNXR which is valued $4,725.

Connecture Inc opened for trading at $1.64 and hit $1.729 on the upside on Monday, eventually ending the session at $1.7, with a gain of 4.29% or 0.07 points. The heightened volatility saw the trading volume jump to 3,37,355 shares. Company has a market cap of $38 M.

On the company’s financial health, Connecture Inc reported $-0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.22. The company had revenue of $18.73 million for the quarter, compared to analysts expectations of $18.21 million. The company’s revenue was down -19.9 % compared to the same quarter last year.

Many Wall Street Analysts have commented on Connecture Inc. Connecture Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 9, 2016. Connecture Inc was Downgraded by Raymond James to ” Mkt Perform” on Aug 9, 2016.

Connecture Inc. provides a Web-based consumer shopping enrollment and retention platform for health insurance distribution. The Company operates through four segments: Enterprise/Commercial Enterprise/State Medicare and Private Exchange. The Enterprise/Commercial segment offers the Company’s insurance distribution solutions to health plans. The Enterprise/State segment offers the Company’s sales automation solutions to state Governments which allow its state Government customers to offer customized individual and small group exchanges. The Medicare segment offers Web-based Medicare plan comparison prescription drug comparison and enrollment tools for health plans pharmacy benefit managers pharmacies field marketing organizations and call centers. The Private Exchange segment offers defined-contribution benefit exchange solutions to benefit consultants brokers exchange operators and aggregators.

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