Universal American Corp. (NYSE:UAM) – Equities researchers at Leerink Swann raised their FY2017 EPS estimates for Universal American Corp. in a research note issued on Monday. Leerink Swann analyst A. Gupte now forecasts that the firm will post earnings of $0.36 per share for the year, up from their prior estimate of $0.30. Leerink Swann currently has a “Hold” rating on the stock.
Universal American Corp. (NYSE:UAM) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm earned $346 million during the quarter, compared to analyst estimates of $404.48 million. Universal American Corp. had a negative net margin of 8.74% and a negative return on equity of 1.44%. Universal American Corp.’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS.
A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Universal American Corp. from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, July 20th. Wedbush reissued a “neutral” rating and set a $9.00 price objective on shares of Universal American Corp. in a research report on Thursday, August 4th.
Shares of Universal American Corp. (NYSE:UAM) traded down 0.40% during trading on Tuesday, hitting $7.54. 11,686 shares of the company traded hands. The stock’s market capitalization is $490.51 million. Universal American Corp. has a 52-week low of $5.55 and a 52-week high of $8.55. The company has a 50-day moving average of $7.39 and a 200-day moving average of $7.58.
A number of large investors have recently bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Universal American Corp. during the second quarter valued at $100,000. A.R.T. Advisors LLC acquired a new stake in Universal American Corp. during the second quarter valued at $110,000. BlackRock Inc. boosted its stake in Universal American Corp. by 346.4% in the second quarter. BlackRock Inc. now owns 15,406 shares of the company’s stock valued at $117,000 after buying an additional 11,955 shares during the last quarter. Walleye Trading LLC boosted its stake in Universal American Corp. by 138.6% in the second quarter. Walleye Trading LLC now owns 16,700 shares of the company’s stock valued at $127,000 after buying an additional 9,700 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Universal American Corp. during the second quarter valued at $167,000. Hedge funds and other institutional investors own 75.85% of the company’s stock.
About Universal American Corp.
Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare and Medicaid. The Company’s segments include Medicare Advantage, Management Services Organization (MSO) and Medicaid. Its Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.
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