Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Clover Health Investments, Corp. (NASDAQ:CLOV)

Vanguard Personalized Indexing Management LLC grew its holdings in Clover Health Investments, Corp. (NASDAQ:CLOV) by 54.4% during the 2nd quarter, Holdings Channel reports. The fund owned 34,372 shares of the company’s stock after purchasing an additional 12,104 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Clover Health Investments were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CLOV. Jupiter Asset Management Ltd. increased its position in Clover Health Investments by 18.1% during the first quarter. Jupiter Asset Management Ltd. now owns 4,525,079 shares of the company’s stock worth $3,593,000 after purchasing an additional 692,878 shares during the last quarter. Choreo LLC purchased a new stake in Clover Health Investments in the second quarter valued at approximately $344,000. Bayesian Capital Management LP purchased a new stake in shares of Clover Health Investments in the first quarter valued at about $142,000. Headlands Technologies LLC purchased a new position in Clover Health Investments in the 2nd quarter valued at $199,000. Finally, SignalPoint Asset Management LLC lifted its holdings in shares of Clover Health Investments by 40.3% in the 1st quarter. SignalPoint Asset Management LLC now owns 139,366 shares of the company’s stock valued at $111,000 after buying an additional 40,000 shares during the period. 19.77% of the stock is owned by hedge funds and other institutional investors.

Clover Health Investments Price Performance

Shares of NASDAQ:CLOV opened at $2.78 on Wednesday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -8.18 and a beta of 2.13. Clover Health Investments, Corp. has a 12 month low of $0.61 and a 12 month high of $3.82. The business’s 50 day simple moving average is $2.57 and its 200-day simple moving average is $1.55.

Clover Health Investments (NASDAQ:CLOV) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Clover Health Investments had a negative net margin of 7.30% and a negative return on equity of 36.55%. The business had revenue of $356.26 million during the quarter, compared to analyst estimates of $338.70 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. On average, equities analysts anticipate that Clover Health Investments, Corp. will post -0.13 earnings per share for the current year.

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.