Universal American Co. (UAM) Stake Increased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its position in Universal American Co. (NYSE:UAM) by 14.3% during the first quarter, Holdings Channel reports. The fund owned 380,855 shares of the financial services provider’s stock after buying an additional 47,655 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Universal American were worth $3,797,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of UAM. Kassirer Asset Management Corp increased its stake in shares of Universal American by 54.9% in the first quarter. Kassirer Asset Management Corp now owns 212,077 shares of the financial services provider’s stock worth $2,114,000 after buying an additional 75,185 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Universal American by 0.8% in the first quarter. Parametric Portfolio Associates LLC now owns 99,045 shares of the financial services provider’s stock valued at $987,000 after buying an additional 738 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Universal American by 17.8% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 646,531 shares of the financial services provider’s stock valued at $6,446,000 after buying an additional 97,550 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Universal American by 20.7% in the first quarter. Gabelli Funds LLC now owns 1,066,539 shares of the financial services provider’s stock valued at $10,633,000 after buying an additional 182,779 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Universal American by 34.3% in the first quarter. Gamco Investors INC. ET AL now owns 446,915 shares of the financial services provider’s stock valued at $4,456,000 after buying an additional 114,050 shares in the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Institutional Ownership by Quarter for Universal American (NYSE:UAM)

Shares of Universal American Co. (NYSE:UAM) remained flat at $9.97 during mid-day trading on Friday. The stock has a 50 day moving average price of $9.97 and a 200 day moving average price of $9.78. Universal American Co. has a 52 week low of $6.72 and a 52 week high of $10.13.

Universal American (NYSE:UAM) last issued its quarterly earnings data on Tuesday, February 28th. The financial services provider reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.12. The firm had revenue of $340.90 million for the quarter, compared to the consensus estimate of $344.83 million. Universal American had a negative net margin of 5.99% and a positive return on equity of 0.68%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted ($0.07) earnings per share. Analysts anticipate that Universal American Co. will post $0.33 earnings per share for the current year.

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About Universal American

Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare. The Company’s segments include Medicare Advantage, Management Services Organization (MSO), and Corporate & Other. The Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.

5 Day Chart for NYSE:UAM

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