Q3 2016 EPS Estimates for Universal American Corp. Reduced by Leerink Swann (UAM)
Universal American Corp. (NYSE:UAM) – Investment analysts at Leerink Swann reduced their Q3 2016 EPS estimates for shares of Universal American Corp. in a note issued to investors on Monday. Leerink Swann analyst A. Gupte now expects that the firm will post earnings of ($0.06) per share for the quarter, down from their previous estimate of ($0.05). Leerink Swann has a “Hold” rating on the stock. Leerink Swann also issued estimates for Universal American Corp.’s Q4 2016 earnings at ($0.07) EPS and FY2016 earnings at $0.00 EPS.
A number of other research firms have also recently commented on UAM. Zacks Investment Research upgraded shares of Universal American Corp. from a “sell” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Tuesday, August 9th. Wedbush restated a “neutral” rating and issued a $9.00 price target on shares of Universal American Corp. in a report on Thursday, August 4th.
Universal American Corp. (NYSE:UAM) traded up 0.26% during mid-day trading on Wednesday, reaching $7.59. 22,592 shares of the company’s stock were exchanged. Universal American Corp. has a one year low of $5.55 and a one year high of $8.55. The company’s 50-day moving average is $7.39 and its 200 day moving average is $7.58. The firm’s market capitalization is $493.77 million.
Universal American Corp. (NYSE:UAM) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business 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% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS.
A number of hedge funds have recently added to or reduced their stakes in 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 worth $100,000. A.R.T. Advisors LLC acquired a new stake in Universal American Corp. during the second quarter worth $110,000. BlackRock Inc. raised 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 worth $117,000 after buying an additional 11,955 shares during the period. Walleye Trading LLC raised 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 worth $127,000 after buying an additional 9,700 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in Universal American Corp. during the second quarter worth $167,000. 75.85% of the stock is owned by institutional investors.
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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