Geode Capital Management LLC Boosts Stake in GoHealth, Inc. (NASDAQ:GOCO)

Geode Capital Management LLC boosted its stake in shares of GoHealth, Inc. (NASDAQ:GOCO) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,735 shares of the company’s stock after buying an additional 3,205 shares during the period. Geode Capital Management LLC owned 0.45% of GoHealth worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its position in shares of GoHealth by 83.9% during the third quarter. Barclays PLC now owns 9,580 shares of the company’s stock worth $89,000 after purchasing an additional 4,372 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of GoHealth by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock worth $126,000 after purchasing an additional 1,802 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of GoHealth by 22.0% during the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of GoHealth by 5.1% during the third quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $207,000 after purchasing an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 24.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $13.00 target price on shares of GoHealth in a research report on Monday, October 21st.

GoHealth Price Performance

Shares of GoHealth stock opened at $14.71 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. GoHealth, Inc. has a twelve month low of $7.27 and a twelve month high of $14.99. The business has a 50-day moving average price of $12.43 and a 200 day moving average price of $10.93. The firm has a market cap of $336.95 million, a PE ratio of -4.20 and a beta of 1.64.

GoHealth Company Profile

GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs.