256,951 Shares in Convey Health Solutions Holdings, Inc. (NYSE:CNVY) Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP acquired a new position in shares of Convey Health Solutions Holdings, Inc. (NYSE:CNVYGet Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 256,951 shares of the company’s stock, valued at approximately $2,148,000. Invenomic Capital Management LP owned 0.35% of Convey Health Solutions at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. increased its stake in Convey Health Solutions by 123.7% during the 4th quarter. Citigroup Inc. now owns 3,434 shares of the company’s stock worth $29,000 after acquiring an additional 1,899 shares during the period. New York State Common Retirement Fund bought a new position in Convey Health Solutions during the 4th quarter worth $51,000. California State Teachers Retirement System bought a new position in Convey Health Solutions during the 3rd quarter worth $61,000. American International Group Inc. bought a new position in Convey Health Solutions during the 3rd quarter worth $62,000. Finally, Deutsche Bank AG bought a new position in Convey Health Solutions during the 3rd quarter worth $65,000. Hedge funds and other institutional investors own 90.73% of the company’s stock.

CNVY has been the topic of a number of recent research reports. Guggenheim started coverage on Convey Health Solutions in a research note on Wednesday, April 6th. They set a “buy” rating and a $12.00 price objective on the stock. Barclays decreased their price target on Convey Health Solutions from $16.00 to $12.00 in a research note on Monday, February 7th. Canaccord Genuity Group decreased their price target on Convey Health Solutions from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. The Goldman Sachs Group decreased their price target on Convey Health Solutions from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 24th. Finally, Canaccord Genuity Group decreased their price target on Convey Health Solutions from $14.00 to $11.00 in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $12.75.

CNVY traded down $0.13 during trading on Friday, reaching $4.95. 45,423 shares of the company’s stock were exchanged, compared to its average volume of 60,371. The company has a current ratio of 2.45, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. Convey Health Solutions Holdings, Inc. has a one year low of $4.81 and a one year high of $14.29. The firm has a fifty day moving average price of $5.88 and a two-hundred day moving average price of $6.56. The stock has a market capitalization of $362.29 million and a PE ratio of -29.12.

Convey Health Solutions (NYSE:CNVYGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.07). Convey Health Solutions had a positive return on equity of 0.64% and a negative net margin of 2.90%. Sell-side analysts expect that Convey Health Solutions Holdings, Inc. will post 0.35 earnings per share for the current year.

About Convey Health Solutions (Get Rating)

Convey Health Solutions Holdings, Inc provides technology enabled solutions and advisory services to assist its clients with workflows across product developments, sales, member experience, clinical management, core operations, and business intelligence and analytics. It operates through two segments, Technology Enabled Solutions and Advisory Services.

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Institutional Ownership by Quarter for Convey Health Solutions (NYSE:CNVY)

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