PNC Financial Services Group Inc. lowered its stake in shares of Clover Health Investments, Corp. (NASDAQ:CLOV – Free Report) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,110,666 shares of the company’s stock after selling 150,150 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.05% of Clover Health Investments worth $5,520,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLOV. JPMorgan Chase & Co. boosted its position in Clover Health Investments by 10.2% during the 1st quarter. JPMorgan Chase & Co. now owns 77,719 shares of the company’s stock valued at $276,000 after purchasing an additional 7,199 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Clover Health Investments by 15.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,507 shares of the company’s stock worth $204,000 after purchasing an additional 7,730 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Clover Health Investments during the first quarter worth $74,000. BlackRock Inc. raised its position in shares of Clover Health Investments by 6.2% during the first quarter. BlackRock Inc. now owns 5,681,089 shares of the company’s stock worth $20,168,000 after purchasing an additional 329,673 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Clover Health Investments by 0.8% during the first quarter. Vanguard Group Inc. now owns 26,087,528 shares of the company’s stock worth $92,611,000 after purchasing an additional 200,177 shares during the period. Institutional investors and hedge funds own 19.95% of the company’s stock.
Clover Health Investments Stock Down 1.7 %
Shares of Clover Health Investments stock opened at $0.99 on Tuesday. Clover Health Investments, Corp. has a 12-month low of $0.71 and a 12-month high of $1.63. The stock’s fifty day moving average is $0.98 and its 200-day moving average is $1.06.
About Clover Health Investments
Clover Health Investments, Corp. provides medicare advantage plans in the United States. The company through its Clover Assistant, a software platform that provides preferred provider organization and health maintenance organization health plans for medicare-eligible consumers. It also focuses on non-insurance businesses.
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Source: defenseworld.net
