Westchester Capital Management LLC Purchases New Shares in Signify Health, Inc. (NYSE:SGFY)

Westchester Capital Management LLC purchased a new stake in Signify Health, Inc. (NYSE:SGFY – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500,526 shares of the company’s stock, valued at approximately $14,590,000. Westchester Capital Management LLC owned approximately 0.21% of Signify Health as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SGFY. Advisor Group Holdings Inc. grew its stake in Signify Health by 293.9% during the first quarter. Advisor Group Holdings Inc. now owns 2,198 shares of the company’s stock worth $40,000 after buying an additional 1,640 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Signify Health during the first quarter worth about $42,000. Tower Research Capital LLC TRC grew its stake in Signify Health by 172.1% during the third quarter. Tower Research Capital LLC TRC now owns 2,533 shares of the company’s stock worth $74,000 after buying an additional 1,602 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Signify Health during the second quarter worth about $104,000. Finally, Teacher Retirement System of Texas acquired a new stake in Signify Health during the second quarter worth about $148,000. 89.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Signify Health from a “c-” rating to a “d” rating in a research note on Monday, February 13th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.15.

Signify Health Stock Up 0.4 %

Shares of NYSE SGFY opened at $29.10 on Thursday. The company has a 50 day simple moving average of $28.69 and a 200 day simple moving average of $28.81. The firm has a market cap of $6.88 billion, a PE ratio of -8.84 and a beta of 0.37. Signify Health, Inc. has a 1 year low of $10.70 and a 1 year high of $29.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.62 and a quick ratio of 1.62.

Signify Health 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.