Signify Health, Inc. (NYSE:SGFY – Get Rating) was the recipient of some unusual options trading on Tuesday. Investors bought 10,100 put options on the stock. This represents an increase of approximately 1,303% compared to the typical daily volume of 720 put options.

Hedge Funds Weigh In On Signify Health

Several hedge funds and other institutional investors have recently modified their holdings of SGFY. Envestnet Asset Management Inc. acquired a new stake in Signify Health during the first quarter worth about $255,000. Advisor Group Holdings Inc. lifted its stake in Signify Health by 293.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,198 shares of the company's stock worth $40,000 after acquiring an additional 1,640 shares during the last quarter. Swiss National Bank lifted its stake in Signify Health by 9.0% in the first quarter. Swiss National Bank now owns 60,500 shares of the company's stock worth $1,098,000 after acquiring an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Signify Health by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 215,727 shares of the company's stock worth $3,916,000 after acquiring an additional 3,027 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Signify Health in the first quarter worth approximately $5,977,000. 89.99% of the stock is owned by hedge funds and other institutional investors.

Signify Health Stock Up 0.5 %

SGFY stock traded up $0.13 during trading on Tuesday, reaching $28.49. 816,181 shares of the company traded hands, compared to its average volume of 1,398,834. Signify Health has a 12 month low of $10.70 and a 12 month high of $29.88. The business has a 50 day simple moving average of $28.63 and a 200 day simple moving average of $27.05. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of -9.71 and a beta of 0.41. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.90 and a current ratio of 1.90.

About Signify Health

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Signify Health, Inc operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the United States. The company operates through Home & Community Services and Episodes of Care Services segments. The Home & Community Services segment offers health evaluations performed within the patient's home or at a healthcare provider facility primarily to Medicare Advantage health plans; diagnostic screening and other ancillary services; and services to address healthcare concerns related to social determinants of health.

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