Clover Well being Investments (NASDAQ:CLOV – Get Ranking) had its value goal elevated by funding analysts at Citigroup from $3.00 to $3.50 in a notice issued to buyers on Tuesday, The Fly stories. The brokerage at present has a “impartial” ranking on the inventory. Citigroup’s goal value suggests a possible upside of 14.01% from the inventory’s present value.

Clover Well being Investments Inventory Up 10.0 %

Clover Well being Investments inventory opened at $3.07 on Tuesday. Clover Well being Investments has a one 12 months low of $1.95 and a one 12 months excessive of $11.13. The inventory has a fifty day transferring common of $2.52 and a 200 day transferring common of $2.72. The corporate has a debt-to-equity ratio of 0.04, a fast ratio of 1.16 and a present ratio of 1.16. The inventory has a market cap of $1.45 billion, a PE ratio of -2.08 and a beta of 1.99.

Clover Well being Investments (NASDAQ:CLOV – Get Ranking) final launched its quarterly earnings outcomes on Monday, Might ninth. The corporate reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.05. The agency had income of $874.38 million through the quarter, in comparison with analyst estimates of $815.42 million. Clover Well being Investments had a detrimental internet margin of 28.64% and a detrimental return on fairness of 112.18%. As a gaggle, sell-side analysts predict that Clover Well being Investments will submit -1.04 EPS for the present 12 months.

Institutional Inflows and Outflows

Institutional buyers and hedge funds have lately modified their holdings of the enterprise. Zurcher Kantonalbank Zurich Cantonalbank elevated its stake in shares of Clover Well being Investments by 181.3% within the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,668 shares of the corporate’s inventory value $166,000 after buying a further 28,788 shares within the final quarter. Sigma Planning Corp bought a brand new stake in Clover Well being Investments through the 4th quarter valued at roughly $44,000. Advisor Group Holdings Inc. raised its place in shares of Clover Well being Investments by 20.2% through the fourth quarter. Advisor Group Holdings Inc. now owns 176,455 shares of the corporate’s inventory valued at $658,000 after shopping for a further 29,651 shares over the last quarter. Cambridge Funding Analysis Advisors Inc. grew its stake in Clover Well being Investments by 56.9% through the fourth quarter. Cambridge Funding Analysis Advisors Inc. now owns 49,777 shares of the corporate’s inventory valued at $185,000 after buying a further 18,055 shares within the final quarter. Lastly, Arizona State Retirement System elevated its holdings in Clover Well being Investments by 147.8% within the 4th quarter. Arizona State Retirement System now owns 80,054 shares of the corporate’s inventory valued at $298,000 after buying a further 47,742 shares over the last quarter. Hedge funds and different institutional buyers personal 23.26% of the corporate’s inventory.

About Clover Well being Investments

(Get Ranking)

Clover Well being Investments, Corp. operates as a medicare benefit insurer in the USA. The corporate by way of its Clover Assistant, a software program platform that gives most popular supplier group and well being upkeep group well being plans for medicare-eligible shoppers. It additionally focuses on non-insurance companies.

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