Maverick Capital Ltd. Sells 37,432 Shares of CareMax, Inc. (NASDAQ:CMAX)

Maverick Capital Ltd. lowered its position in CareMax, Inc. (NASDAQ:CMAX) by 22.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,536 shares of the company’s stock after selling 37,432 shares during the quarter. Maverick Capital Ltd. owned 3.46% of CareMax worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. CastleKnight Management LP grew its position in shares of CareMax by 193.0% in the 4th quarter. CastleKnight Management LP now owns 374,700 shares of the company’s stock valued at $187,000 after buying an additional 246,800 shares during the last quarter. Eminence Capital LP increased its position in CareMax by 5.5% during the 4th quarter. Eminence Capital LP now owns 10,424,657 shares of the company’s stock valued at $5,194,000 after purchasing an additional 539,544 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in CareMax during the 1st quarter worth approximately $130,000. 65.94% of the stock is currently owned by institutional investors and hedge funds.

CareMax Stock Down 2.2 %

Shares of NASDAQ CMAX opened at $1.74 on Friday. CareMax, Inc. has a 52-week low of $1.55 and a 52-week high of $85.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.23 and a current ratio of 0.23. The company’s 50 day moving average price is $3.32 and its 200-day moving average price is $3.26. The company has a market capitalization of $6.62 million, a P/E ratio of -0.01 and a beta of 0.75.

CareMax (NASDAQ:CMAX) last issued its quarterly earnings results on Friday, August 9th. The company reported ($10.48) EPS for the quarter, missing analysts’ consensus estimates of ($7.51) by ($2.97). CareMax had a negative net margin of 99.78% and a negative return on equity of 175.40%. The firm had revenue of $198.63 million for the quarter, compared to the consensus estimate of $233.53 million. Equities analysts forecast that CareMax, Inc. will post -36.97 earnings per share for the current year.

About CareMax

CareMax, Inc provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans.