American Well Co. (NYSE:AMWL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of American Well Co. (NYSE:AMWL) by 12.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 583,597 shares of the company’s stock after selling 86,444 shares during the period. Dimensional Fund Advisors LP’s holdings in American Well were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Oak Thistle LLC purchased a new stake in American Well in the 1st quarter valued at about $46,000. Cowen AND Company LLC acquired a new position in shares of American Well during the second quarter worth about $81,000. Price T Rowe Associates Inc. MD grew its position in shares of American Well by 75.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 289,318 shares of the company’s stock worth $235,000 after buying an additional 124,441 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of American Well during the first quarter worth about $1,284,000. Finally, Acadian Asset Management LLC boosted its holdings in American Well by 193.0% in the first quarter. Acadian Asset Management LLC now owns 2,083,805 shares of the company’s stock valued at $1,687,000 after purchasing an additional 1,372,582 shares in the last quarter. Hedge funds and other institutional investors own 56.05% of the company’s stock.

Analyst Upgrades and Downgrades

AMWL has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of American Well in a report on Tuesday, September 24th. Wells Fargo & Company cut their price target on American Well from $40.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th.

American Well Stock Performance

NYSE:AMWL opened at $10.11 on Tuesday. The stock has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $9.30. The stock has a market capitalization of $149.86 million, a price-to-earnings ratio of -0.41 and a beta of 1.05. American Well Co. has a 1 year low of $5.00 and a 1 year high of $31.60.

American Well (NYSE:AMWL) last posted its earnings results on Wednesday, July 31st. The company reported ($3.36) earnings per share for the quarter, beating the consensus estimate of ($3.94) by $0.58. The company had revenue of $62.79 million for the quarter, compared to analyst estimates of $60.78 million. American Well had a negative return on equity of 50.36% and a negative net margin of 120.44%. During the same quarter in the prior year, the company earned ($4.60) earnings per share. On average, analysts predict that American Well Co. will post -13.46 EPS for the current year.

Insider Activity at American Well

In related news, insider Kathy Johnson Weiler sold 7,266 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total transaction of $57,183.42. Following the sale, the insider now owns 188,027 shares of the company’s stock, valued at $1,479,772.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Robert Shepardson sold 5,177 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total value of $40,742.99. Following the transaction, the chief financial officer now directly owns 112,992 shares in the company, valued at $889,247.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kathy Johnson Weiler sold 7,266 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $7.87, for a total value of $57,183.42. Following the completion of the transaction, the insider now owns 188,027 shares in the company, valued at approximately $1,479,772.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,141 shares of company stock valued at $178,729 over the last quarter. Insiders own 12.80% of the company’s stock.

American Well Profile

American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Converge, a cloud-based platform that enables health providers, payers, and innovators to provide in-person, virtual and automated care; and delivers virtual primary care, post-discharge follow-up, chronic condition management, virtual nursing, e-sitting, on-demand and scheduled virtual visits, specialty consults, automated care, and behavioral health, as well as specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care to patients and members.