Retirement Systems of Alabama Buys 124,931 Shares of WebMD Health Corp (NASDAQ:WBMD)

Retirement Systems of Alabama increased its position in WebMD Health Corp (NASDAQ:WBMD) by 256.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,643 shares of the health services provider’s stock after buying an additional 124,931 shares during the period. Retirement Systems of Alabama’s holdings in WebMD Health Corp were worth $10,184,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of WebMD Health Corp during the fourth quarter worth about $13,284,000. Teachers Advisors LLC increased its stake in shares of WebMD Health Corp by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 61,471 shares of the health services provider’s stock worth $3,047,000 after buying an additional 1,296 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of WebMD Health Corp by 1.6% in the first quarter. Capstone Asset Management Co. now owns 8,961 shares of the health services provider’s stock worth $472,000 after buying an additional 140 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of WebMD Health Corp by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the health services provider’s stock worth $500,000 after buying an additional 260 shares during the last quarter. Finally, Sanders Morris Harris Inc. acquired a new stake in shares of WebMD Health Corp during the first quarter worth about $211,000. 92.14% of the stock is owned by institutional investors and hedge funds.

WebMD Health Corp (NASDAQ WBMD) opened at 66.28 on Friday. The company’s 50-day moving average price is $61.22 and its 200-day moving average price is $55.41. The stock has a market capitalization of $2.42 billion, a PE ratio of 33.94 and a beta of 0.78. WebMD Health Corp has a one year low of $48.10 and a one year high of $66.45.

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WBMD has been the subject of a number of recent analyst reports. Zacks Investment Research raised WebMD Health Corp from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, April 20th. BidaskClub raised WebMD Health Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, June 23rd. SunTrust Banks, Inc. downgraded WebMD Health Corp from a “buy” rating to a “hold” rating and raised their price objective for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Leerink Swann downgraded WebMD Health Corp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $60.00 to $66.50 in a research report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating and set a $66.50 price objective on shares of WebMD Health Corp in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. WebMD Health Corp currently has a consensus rating of “Hold” and an average target price of $64.67.

WebMD Health Corp Company Profile

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

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