Shares of Universal American Corp. (NYSE:UAM) have been assigned a consensus broker rating score of 3.75 (Sell) from the four analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has issued a sell rating and two have issued a hold rating on the company. Universal American Corp.’s rating score has declined by 4.2% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus price target of $8.17 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Universal American Corp. an industry rank of 42 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on UAM. Zacks Investment Research lowered Universal American Corp. from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 20th. Wedbush reissued a “neutral” rating and issued a $9.00 price target on shares of Universal American Corp. in a research note on Thursday, August 4th. Finally, Leerink Swann restated a “hold” rating on shares of Universal American Corp. in a report on Wednesday, June 22nd.
Large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Universal American Corp. by 5.5% in the first quarter. State Street Corp now owns 760,694 shares of the company’s stock valued at $5,433,000 after buying an additional 39,555 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Universal American Corp. by 1.2% in the first quarter. Geode Capital Management LLC now owns 346,998 shares of the company’s stock valued at $2,477,000 after buying an additional 4,243 shares during the period. Renaissance Technologies LLC increased its stake in shares of Universal American Corp. by 3.9% in the first quarter. Renaissance Technologies LLC now owns 185,300 shares of the company’s stock valued at $1,323,000 after buying an additional 6,900 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Universal American Corp. by 38.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 45,487 shares of the company’s stock valued at $325,000 after buying an additional 12,610 shares during the period. Finally, Deerfield Management Co. increased its stake in shares of Universal American Corp. by 10.4% in the first quarter. Deerfield Management Co. now owns 5,285,500 shares of the company’s stock valued at $37,738,000 after buying an additional 496,473 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.
Universal American Corp. (NYSE:UAM) opened at 7.70 on Monday. The stock’s 50 day moving average is $7.26 and its 200 day moving average is $7.54. Universal American Corp. has a 52 week low of $5.55 and a 52 week high of $8.55. The company’s market capitalization is $500.92 million.
Universal American Corp. (NYSE:UAM) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $346 million for the quarter, compared to analyst estimates of $404.48 million. Universal American Corp. had a negative return on equity of 1.44% and a negative net margin of 8.74%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. Analysts predict that Universal American Corp. will post $0.20 EPS for the current fiscal year.
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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