Teacher Retirement System of Texas Reduces Position in Clover Health Investments, Corp. (NASDAQ:CLOV)

Teacher Retirement System of Texas reduced its position in Clover Health Investments, Corp. (NASDAQ:CLOV - Free Report) by 35.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 571,338 shares of the company's stock after selling 307,598 shares during the quarter. Teacher Retirement System of Texas owned 0.11% of Clover Health Investments worth $2,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new stake in Clover Health Investments in the 1st quarter worth about $178,000. Perigon Wealth Management LLC purchased a new position in shares of Clover Health Investments during the first quarter worth approximately $36,000. Farther Finance Advisors LLC increased its position in shares of Clover Health Investments by 107,930.7% during the first quarter. Farther Finance Advisors LLC now owns 162,046 shares of the company's stock worth $582,000 after acquiring an additional 161,896 shares during the period. Rhumbline Advisers increased its position in shares of Clover Health Investments by 80.5% during the first quarter. Rhumbline Advisers now owns 7,085 shares of the company's stock worth $25,000 after acquiring an additional 3,160 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Clover Health Investments by 4.2% during the fourth quarter. California State Teachers Retirement System now owns 351,446 shares of the company's stock worth $1,107,000 after acquiring an additional 14,068 shares during the period. 19.77% of the stock is owned by hedge funds and other institutional investors.

Clover Health Investments Price Performance

Shares of NASDAQ:CLOV traded up $0.08 during trading on Monday, reaching $3.00. 6,414,698 shares of the company were exchanged, compared to its average volume of 7,273,430. The firm has a market capitalization of $1.53 billion, a PE ratio of -60.00 and a beta of 1.86. The business's fifty day simple moving average is $3.10 and its 200-day simple moving average is $3.58. Clover Health Investments, Corp. has a 12-month low of $1.50 and a 12-month high of $4.87.

Clover Health Investments (NASDAQ:CLOV - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.12. The business had revenue of $462.33 million for the quarter, compared to analyst estimates of $466.93 million. Clover Health Investments had a negative net margin of 1.69% and a negative return on equity of 7.42%. On average, sell-side analysts anticipate that Clover Health Investments, Corp. will post -0.12 EPS 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.