Verition Fund Management LLC cut its holdings in CareMax, Inc. (NASDAQ:CMAX – Get Rating) by 42.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,518 shares of the company’s stock after selling 72,564 shares during the quarter. Verition Fund Management LLC owned 0.11% of CareMax worth $684,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. HBK Sorce Advisory LLC purchased a new position in CareMax during the third quarter worth $26,000. UBS Group AG purchased a new position in CareMax during the second quarter worth $32,000. Legal & General Group Plc purchased a new position in CareMax during the second quarter worth $62,000. M&T Bank Corp purchased a new position in CareMax during the second quarter worth $74,000. Finally, PDT Partners LLC purchased a new stake in shares of CareMax during the second quarter valued at $77,000. 95.38% of the stock is owned by hedge funds and other institutional investors.
CareMax Stock Performance
CMAX stock opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.81 and a quick ratio of 4.78. The business has a 50-day moving average price of $4.15 and a 200 day moving average price of $5.20. The company has a market capitalization of $457.58 million, a P/E ratio of -6.97 and a beta of 1.86. CareMax, Inc. has a 1-year low of $2.77 and a 1-year high of $9.23.
Analyst Upgrades and Downgrades
CareMax Company Profile
CareMax, Inc provides medical services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation. The company also provides CareOptimize, a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians in the United States.
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