GoHealth, Inc. (NASDAQ:GOCO) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of GoHealth, Inc. (NASDAQ:GOCO) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 197,737 shares of the company’s stock after buying an additional 6,520 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in GoHealth were worth $2,702,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Credit Suisse AG increased its holdings in shares of GoHealth by 51.0% during the 4th quarter. Credit Suisse AG now owns 4,528,846 shares of the company’s stock worth $61,864,000 after buying an additional 1,528,764 shares during the last quarter. BlackRock Inc. raised its holdings in shares of GoHealth by 3.5% in the 4th quarter. BlackRock Inc. now owns 3,503,594 shares of the company’s stock worth $47,860,000 after purchasing an additional 117,888 shares during the period. Alliancebernstein L.P. lifted its stake in shares of GoHealth by 5.0% in the 4th quarter. Alliancebernstein L.P. now owns 3,322,637 shares of the company’s stock valued at $45,387,000 after purchasing an additional 159,360 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of GoHealth during the 3rd quarter worth about $9,118,000. Finally, TCW Group Inc. increased its position in GoHealth by 85.1% during the 4th quarter. TCW Group Inc. now owns 620,767 shares of the company’s stock worth $8,480,000 after purchasing an additional 285,479 shares in the last quarter. Hedge funds and other institutional investors own 26.55% of the company’s stock.

In other GoHealth news, COO Shane E. Cruz sold 11,829 shares of the stock in a transaction that occurred on Wednesday, January 27th. The stock was sold at an average price of $15.02, for a total transaction of $177,671.58. Following the transaction, the chief operating officer now owns 75,000 shares of the company’s stock, valued at approximately $1,126,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Anita Pramoda bought 10,370 shares of the firm’s stock in a transaction dated Friday, March 12th. The stock was purchased at an average price of $9.99 per share, with a total value of $103,596.30. Following the transaction, the director now owns 22,275 shares in the company, valued at approximately $222,527.25. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 200,000 shares of company stock valued at $2,975,500.

Several research firms have issued reports on GOCO. Raymond James decreased their price objective on shares of GoHealth from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, March 22nd. Zacks Investment Research cut shares of GoHealth from a “hold” rating to a “sell” rating in a research report on Tuesday, January 12th. Credit Suisse Group lowered their price target on GoHealth from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, March 15th. Finally, Morgan Stanley reduced their price objective on GoHealth from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $19.70.

NASDAQ:GOCO opened at $12.03 on Wednesday. GoHealth, Inc. has a one year low of $9.82 and a one year high of $26.25. The business’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $12.85.

GoHealth (NASDAQ:GOCO) last posted its quarterly earnings data on Monday, March 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.05). The business had revenue of $445.90 million during the quarter, compared to the consensus estimate of $435.31 million. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. As a group, equities research analysts predict that GoHealth, Inc. will post -0.28 earnings per share for the current year.

About GoHealth

GoHealth, Inc operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: MedicareÂInternal; MedicareÂExternal; Individual and Family Plans (IFP) and OtherÂInternal; and Individual and Family Plans and OtherÂExternal.

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Institutional Ownership by Quarter for GoHealth (NASDAQ:GOCO)

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