GoHealth, Inc. (NASDAQ:GOCO) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in GoHealth, Inc. (NASDAQ:GOCO) by 22.0% in the second quarter, Holdings Channel.com reports. The fund owned 18,272 shares of the company’s stock after buying an additional 3,300 shares during the quarter. Renaissance Technologies LLC’s holdings in GoHealth were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GOCO. Empowered Funds LLC increased its position in shares of GoHealth by 7.7% in the first quarter. Empowered Funds LLC now owns 19,536 shares of the company’s stock valued at $205,000 after buying an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp grew its stake in GoHealth by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock valued at $126,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in GoHealth by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 206,525 shares of the company’s stock valued at $2,171,000 after acquiring an additional 5,605 shares during the last quarter. 24.21% of the stock is currently owned by hedge funds and other institutional investors.

GoHealth Stock Performance

Shares of GOCO opened at $9.50 on Monday. GoHealth, Inc. has a 12-month low of $7.27 and a 12-month high of $16.44. The stock has a market cap of $215.92 million, a P/E ratio of -1.33 and a beta of 1.71. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.83. The company has a 50-day moving average of $8.96 and a two-hundred day moving average of $9.97.

GoHealth (NASDAQ:GOCO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.75) EPS for the quarter, topping analysts’ consensus estimates of ($2.47) by $1.72. GoHealth had a negative net margin of 8.62% and a negative return on equity of 8.51%. The business had revenue of $105.87 million during the quarter, compared to the consensus estimate of $138.99 million. As a group, research analysts predict that GoHealth, Inc. will post -5.35 EPS for the current fiscal year.

About GoHealth

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.