Walleye Capital LLC Makes New Investment in Signify Health, Inc. (NYSE:SGFY)

Walleye Capital LLC acquired a new position in shares of Signify Health, Inc. (NYSE:SGFYGet Rating) during the 1st quarter, Holdings Channel.com reports. The firm acquired 22,797 shares of the company’s stock, valued at approximately $414,000.

Several other institutional investors also recently bought and sold shares of SGFY. Rhumbline Advisers increased its holdings in shares of Signify Health by 35.8% in the 4th quarter. Rhumbline Advisers now owns 56,484 shares of the company’s stock valued at $803,000 after acquiring an additional 14,893 shares during the period. Invesco Ltd. increased its holdings in shares of Signify Health by 102.2% in the 4th quarter. Invesco Ltd. now owns 854,468 shares of the company’s stock valued at $12,151,000 after acquiring an additional 431,974 shares during the period. Wolverine Trading LLC purchased a new position in shares of Signify Health in the 4th quarter valued at $155,000. Guggenheim Capital LLC increased its holdings in shares of Signify Health by 31.9% in the 4th quarter. Guggenheim Capital LLC now owns 226,996 shares of the company’s stock valued at $3,228,000 after acquiring an additional 54,883 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Signify Health in the 4th quarter valued at $2,463,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SGFY has been the topic of a number of analyst reports. JPMorgan Chase & Co. downgraded Signify Health from an “overweight” rating to a “neutral” rating and cut their price target for the company from $32.00 to $30.50 in a report on Tuesday, September 6th. TheStreet raised Signify Health from a “d+” rating to a “c-” rating in a research report on Wednesday, July 20th. UBS Group cut Signify Health from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $27.00 to $30.50 in a research report on Wednesday, September 7th. Piper Sandler cut Signify Health from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $34.00 to $30.50 in a research report on Tuesday, September 6th. Finally, Truist Financial assumed coverage on Signify Health in a research report on Wednesday, September 7th. They issued a “hold” rating and a $30.50 price objective for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.15.

Signify Health Stock Performance

Shares of SGFY opened at $29.22 on Friday. The stock has a 50-day moving average of $23.76 and a two-hundred day moving average of $17.96. Signify Health, Inc. has a one year low of $10.70 and a one year high of $29.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a market cap of $6.85 billion, a P/E ratio of -15.30 and a beta of 0.71.

Signify Health (NYSE:SGFYGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. Signify Health had a positive return on equity of 5.82% and a negative net margin of 40.14%. The company had revenue of $246.20 million during the quarter, compared to analysts’ expectations of $249.57 million. As a group, research analysts predict that Signify Health, Inc. will post -2.06 EPS for the current year.

Signify Health Company Profile

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Signify Health, Inc operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates through Home & Community Services and Episodes of Care Services segments. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health.

See Also

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Institutional Ownership by Quarter for Signify Health (NYSE:SGFY)

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