Geode Capital Management LLC Increases Position in GoHealth, Inc. (NASDAQ:GOCO)

Geode Capital Management LLC raised its position in GoHealth, Inc. (NASDAQ:GOCO) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,735 shares of the company’s stock after purchasing an additional 3,205 shares during the quarter. Geode Capital Management LLC’s holdings in GoHealth were worth $973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in GoHealth by 5.1% in the third quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock valued at $207,000 after acquiring an additional 1,072 shares in the last quarter. Renaissance Technologies LLC boosted its stake in GoHealth by 22.0% in the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock valued at $178,000 after acquiring an additional 3,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in GoHealth by 16.1% in the second quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock valued at $126,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Barclays PLC boosted its stake in GoHealth by 83.9% in the third quarter. Barclays PLC now owns 9,580 shares of the company’s stock valued at $89,000 after acquiring an additional 4,372 shares in the last quarter. Hedge funds and other institutional investors own 24.21% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $13.00 price objective on shares of GoHealth in a research note on Monday, October 21st.

GoHealth Trading Up 0.3 %

NASDAQ GOCO opened at $14.71 on Friday. The stock has a market capitalization of $336.95 million, a P/E ratio of -4.20 and a beta of 1.64. GoHealth, Inc. has a 52-week low of $7.27 and a 52-week high of $14.99. The firm has a 50-day moving average price of $12.43 and a 200 day moving average price of $10.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72.

GoHealth Company Profile

GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs.