Viewpoint Capital Management LLC Has $38,000 Stock Holdings in Clover Health Investments, Corp. (NASDAQ:CLOV)

Viewpoint Capital Management LLC lifted its stake in shares of Clover Health Investments, Corp. (NASDAQ:CLOV) by 96.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,500 shares of the company’s stock after acquiring an additional 15,000 shares during the quarter. Viewpoint Capital Management LLC’s holdings in Clover Health Investments were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC lifted its holdings in Clover Health Investments by 30.2% in the first quarter. Jaffetilchin Investment Partners LLC now owns 49,741 shares of the company’s stock valued at $39,000 after buying an additional 11,550 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Clover Health Investments in the 1st quarter worth about $91,000. Bayesian Capital Management LP acquired a new position in shares of Clover Health Investments in the 1st quarter valued at about $142,000. Jupiter Asset Management Ltd. boosted its position in shares of Clover Health Investments by 18.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 4,525,079 shares of the company’s stock valued at $3,593,000 after purchasing an additional 692,878 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Clover Health Investments by 151.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 77,948 shares of the company’s stock worth $62,000 after purchasing an additional 46,912 shares during the period. 19.77% of the stock is currently owned by institutional investors.

Clover Health Investments Trading Down 6.7 %

Shares of CLOV stock opened at $2.63 on Friday. Clover Health Investments, Corp. has a fifty-two week low of $0.61 and a fifty-two week high of $3.82. The stock has a 50 day simple moving average of $1.96 and a two-hundred day simple moving average of $1.25.

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

Clover Health Investments Company 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.