Truist Financial Corp Increases Stock Holdings in Clover Health Investments, Corp. (NASDAQ:CLOV)

Truist Financial Corp lifted its stake in Clover Health Investments, Corp. (NASDAQ:CLOVGet Rating) by 7.9% in the first quarter, Holdings Channel.com reports. The firm owned 163,225 shares of the company’s stock after buying an additional 11,976 shares during the period. Truist Financial Corp’s holdings in Clover Health Investments were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLOV. AE Wealth Management LLC purchased a new position in shares of Clover Health Investments in the 4th quarter worth approximately $54,000. Equitec Proprietary Markets LLC boosted its holdings in shares of Clover Health Investments by 153.1% in the 4th quarter. Equitec Proprietary Markets LLC now owns 495,375 shares of the company’s stock worth $1,843,000 after purchasing an additional 299,675 shares during the period. Performa Ltd US LLC boosted its holdings in shares of Clover Health Investments by 733.3% in the 4th quarter. Performa Ltd US LLC now owns 10,000 shares of the company’s stock worth $37,000 after purchasing an additional 8,800 shares during the period. Teamwork Financial Advisors LLC purchased a new position in shares of Clover Health Investments in the 4th quarter worth approximately $38,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Clover Health Investments in the 4th quarter worth approximately $2,977,000. Hedge funds and other institutional investors own 23.26% of the company’s stock.

Clover Health Investments Price Performance

Shares of Clover Health Investments stock opened at $2.60 on Tuesday. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -1.78 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.72. Clover Health Investments, Corp. has a one year low of $1.95 and a one year high of $11.13.

Clover Health Investments (NASDAQ:CLOVGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.05. Clover Health Investments had a negative return on equity of 112.18% and a negative net margin of 28.64%. The firm had revenue of $874.38 million during the quarter, compared to analyst estimates of $815.42 million. Equities analysts expect that Clover Health Investments, Corp. will post -1.04 EPS for the current year.

Clover Health Investments Profile

(Get Rating)

Clover Health Investments, Corp. operates as a medicare advantage insurer in the United States. The company through its Clover Assistant, a software platform that provides preferred provider organization and health maintenance organization health plans for medicare-eligible consumers. It also focuses on non-insurance businesses.

Read More

Want to see what other hedge funds are holding CLOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clover Health Investments, Corp. (NASDAQ:CLOVGet Rating).



Receive News & Ratings for Clover Health Investments Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Clover Health Investments and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *