Clover Health Investments, Corp. (NASDAQ:CLOV) Position Increased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its holdings in Clover Health Investments, Corp. (NASDAQ:CLOV - Free Report) by 18.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,525,079 shares of the company's stock after purchasing an additional 692,878 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.91% of Clover Health Investments worth $3,593,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CLOV. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 buying an additional 46,912 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Clover Health Investments by 68.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,444 shares of the company's stock valued at $72,000 after purchasing an additional 30,776 shares during the period. SignalPoint Asset Management LLC increased its stake in Clover Health Investments by 40.3% in the first quarter. SignalPoint Asset Management LLC now owns 139,366 shares of the company's stock valued at $111,000 after purchasing an additional 40,000 shares during the last quarter. Jump Financial LLC purchased a new position in Clover Health Investments during the fourth quarter worth about $125,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Clover Health Investments in the 4th quarter worth about $162,000. 19.77% of the stock is currently owned by institutional investors and hedge funds.

Clover Health Investments Trading Up 3.1 %

Shares of NASDAQ CLOV traded up $0.05 on Monday, reaching $1.68. 3,543,990 shares of the company traded hands, compared to its average volume of 7,609,042. The stock has a market capitalization of $834.02 million, a PE ratio of -4.87 and a beta of 2.11. Clover Health Investments, Corp. has a fifty-two week low of $0.61 and a fifty-two week high of $1.78. The company has a 50 day moving average of $1.18 and a 200 day moving average of $0.96.

Clover Health Investments (NASDAQ:CLOV - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $346.92 million during the quarter, compared to analyst estimates of $316.10 million. Clover Health Investments had a negative net margin of 8.63% and a negative return on equity of 48.07%. As a group, research analysts expect that Clover Health Investments, Corp. will post -0.21 earnings per share for the current year.

About Clover Health Investments

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.