Clover Health Investments, Corp. (NASDAQ:CLOV) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in shares of Clover Health Investments, Corp. (NASDAQ:CLOV - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 571,338 shares of the company's stock after selling 307,598 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Clover Health Investments worth $2,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System grew its stake in Clover Health Investments by 6.3% in the 4th quarter. Arizona State Retirement System now owns 118,265 shares of the company's stock valued at $373,000 after acquiring an additional 6,990 shares during the period. Swiss National Bank raised its position in shares of Clover Health Investments by 6.3% in the fourth quarter. Swiss National Bank now owns 802,100 shares of the company's stock valued at $2,527,000 after buying an additional 47,700 shares during the last quarter. Counterpoint Mutual Funds LLC raised its position in shares of Clover Health Investments by 153.0% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 233,392 shares of the company's stock valued at $735,000 after buying an additional 141,148 shares during the last quarter. American Century Companies Inc. boosted its position in Clover Health Investments by 181.0% during the fourth quarter. American Century Companies Inc. now owns 764,694 shares of the company's stock worth $2,409,000 after acquiring an additional 492,527 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Clover Health Investments during the 4th quarter valued at about $273,000. 19.77% of the stock is currently owned by hedge funds and other institutional investors.

Clover Health Investments Trading Down 4.3%

CLOV stock traded down $0.13 during mid-day trading on Friday, reaching $2.92. The company's stock had a trading volume of 11,146,661 shares, compared to its average volume of 7,266,126. The company's 50 day moving average is $3.11 and its two-hundred day moving average is $3.58. Clover Health Investments, Corp. has a fifty-two week low of $1.34 and a fifty-two week high of $4.87. The stock has a market cap of $1.49 billion, a PE ratio of -58.40 and a beta of 1.86.

Clover Health Investments (NASDAQ:CLOV - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.12. Clover Health Investments had a negative return on equity of 7.42% and a negative net margin of 1.69%. The company had revenue of $462.33 million during the quarter, compared to analyst estimates of $466.93 million. On average, analysts forecast that Clover Health Investments, Corp. will post -0.12 earnings per share for the current fiscal 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.