Clover Health Investments (NASDAQ:CLOV) Stock Price Down 2.7%

Clover Health Investments, Corp. (NASDAQ:CLOV - Get Free Report)'s stock price traded down 2.7% during mid-day trading on Monday . The stock traded as low as $3.19 and last traded at $3.25. 1,515,310 shares changed hands during trading, a decline of 81% from the average session volume of 7,874,564 shares. The stock had previously closed at $3.34.

Clover Health Investments Stock Down 0.3 %

The company has a market cap of $1.65 billion, a PE ratio of -9.79 and a beta of 2.10. The company has a 50-day moving average of $1.77 and a 200-day moving average of $1.18.

Clover Health Investments (NASDAQ:CLOV - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $356.26 million for the quarter, compared to analysts' expectations of $338.70 million. Clover Health Investments had a negative return on equity of 48.07% and a negative net margin of 8.63%. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. As a group, equities analysts predict that Clover Health Investments, Corp. will post -0.21 EPS for the current year.

Institutional Trading of Clover Health Investments

Several hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Clover Health Investments by 4.6% in the second quarter. AQR Capital Management LLC now owns 729,706 shares of the company's stock valued at $898,000 after buying an additional 32,288 shares during the period. Squarepoint Ops LLC raised its stake in shares of Clover Health Investments by 220.7% during the 2nd quarter. Squarepoint Ops LLC now owns 130,352 shares of the company's stock valued at $160,000 after purchasing an additional 238,329 shares during the period. Marshall Wace LLP bought a new stake in shares of Clover Health Investments during the 2nd quarter valued at $55,000. Canada Pension Plan Investment Board bought a new stake in shares of Clover Health Investments during the 2nd quarter valued at $203,000. Finally, XTX Topco Ltd bought a new stake in shares of Clover Health Investments during the 2nd quarter valued at $932,000. 19.77% of the stock is currently owned by institutional investors.

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.