Raymond James Financial Inc. upgraded shares of Universal American Corp. (NYSE:UAM) from an underperform rating to a market perform rating in a report published on Thursday. Raymond James Financial Inc. currently has $10.00 target price on the stock.

A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Universal American Corp. from a sell rating to a buy rating and set a $8.00 target price for the company in a research note on Tuesday, August 9th. Leerink Swann reissued a hold rating on shares of Universal American Corp. in a research note on Saturday, September 17th. Finally, Wedbush reissued a neutral rating and set a $9.00 target price on shares of Universal American Corp. in a research note on Thursday, August 4th.

Shares of Universal American Corp. (NYSE:UAM) traded up 0.10% on Thursday, hitting $9.91. 511,389 shares of the company were exchanged. The firm’s 50-day moving average is $7.76 and its 200-day moving average is $7.63. The stock’s market capitalization is $582.06 million. Universal American Corp. has a 52-week low of $5.55 and a 52-week high of $10.00.

Universal American Corp. (NYSE:UAM) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.04. The firm earned $343 million during the quarter, compared to analyst estimates of $330.65 million. Universal American Corp. had a positive return on equity of 0.68% and a negative net margin of 5.99%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) EPS. Equities research analysts predict that Universal American Corp. will post $0.10 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Universal American Corp. during the second quarter valued at $100,000. First Manhattan Co. raised its position in Universal American Corp. by 17.4% in the third quarter. First Manhattan Co. now owns 13,462 shares of the company’s stock valued at $102,000 after buying an additional 2,000 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Universal American Corp. during the second quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Universal American Corp. by 809.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,381 shares of the company’s stock valued at $110,000 after buying an additional 12,799 shares during the last quarter. Finally, BlackRock Inc. raised its position 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. 75.33% 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.

5 Day Chart for NYSE:UAM

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