Russell Investments Group Ltd. Increases Stock Holdings in GoHealth, Inc. $GOCO

Russell Investments Group Ltd. increased its holdings in GoHealth, Inc. (NASDAQ:GOCO) by 77.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,366 shares of the company’s stock after purchasing an additional 16,290 shares during the period. Russell Investments Group Ltd. owned 0.16% of GoHealth worth $458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of GoHealth in the first quarter valued at $31,000. Cubist Systematic Strategies LLC purchased a new stake in GoHealth during the fourth quarter valued at about $37,000. Wells Fargo & Company MN grew its position in GoHealth by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,760 shares of the company’s stock valued at $37,000 after acquiring an additional 607 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in GoHealth during the first quarter valued at about $45,000. Finally, Bank of America Corp DE grew its position in GoHealth by 22.8% during the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock valued at $105,000 after acquiring an additional 1,452 shares during the period. Hedge funds and other institutional investors own 24.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada lowered their price target on GoHealth from $18.00 to $12.00 and set a “sector perform” rating for the company in a research report on Thursday. Wall Street Zen downgraded GoHealth from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Finally, Noble Financial reissued an “outperform” rating on shares of GoHealth in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

GoHealth Trading Up 0.4%

Shares of GOCO opened at $5.11 on Monday. The stock’s 50-day moving average is $5.79 and its two-hundred day moving average is $8.88. The stock has a market cap of $146.20 million, a PE ratio of -1.42 and a beta of 1.62. GoHealth, Inc. has a 12 month low of $5.01 and a 12 month high of $21.00. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.56 and a quick ratio of 1.56.

GoHealth (NASDAQ:GOCO) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($2.60) by $1.37. The company had revenue of $94.05 million for the quarter, compared to analysts’ expectations of $119.76 million. GoHealth had a negative return on equity of 8.74% and a negative net margin of 3.21%. Equities analysts forecast that GoHealth, Inc. will post -5.5 earnings per share 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.