Janney Montgomery Scott LLC Has $189,000 Stock Holdings in Clover Health Investments, Corp. (NASDAQ:CLOV)

Janney Montgomery Scott LLC cut its holdings in shares of Clover Health Investments, Corp. (NASDAQ:CLOV) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,053 shares of the company’s stock after selling 19,081 shares during the period. Janney Montgomery Scott LLC’s holdings in Clover Health Investments were worth $189,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Forum Financial Management LP boosted its position in Clover Health Investments by 33.8% during the 3rd quarter. Forum Financial Management LP now owns 16,077 shares of the company’s stock worth $45,000 after buying an additional 4,061 shares during the period. Steph & Co. boosted its position in Clover Health Investments by 33.3% during the 4th quarter. Steph & Co. now owns 20,000 shares of the company’s stock worth $63,000 after buying an additional 5,000 shares during the period. SignalPoint Asset Management LLC raised its holdings in Clover Health Investments by 6.2% during the 4th quarter. SignalPoint Asset Management LLC now owns 160,074 shares of the company’s stock worth $504,000 after purchasing an additional 9,390 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Clover Health Investments by 98.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,090 shares of the company’s stock worth $57,000 after purchasing an additional 9,988 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in Clover Health Investments during the 3rd quarter worth approximately $28,000. 19.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum assumed coverage on shares of Clover Health Investments in a report on Tuesday, December 17th. They set a “buy” rating and a $6.00 price target for the company.

Clover Health Investments Stock Performance

Clover Health Investments stock opened at $4.54 on Friday. Clover Health Investments, Corp. has a 52-week low of $0.61 and a 52-week high of $4.87. The firm has a 50 day moving average price of $3.76 and a two-hundred day moving average price of $3.38. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -22.70 and a beta of 1.99.

Clover Health Investments Profile

Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat.