Q3 2016 EPS Estimates for Universal American Corp. Reduced by Leerink Swann (UAM)
Universal American Corp. (NYSE:UAM) – Analysts at Leerink Swann lowered their Q3 2016 earnings estimates for Universal American Corp. in a note issued to investors on Monday. Leerink Swann analyst A. Gupte now forecasts that the brokerage will earn ($0.06) per share for the quarter, down from their prior forecast 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.
Universal American Corp. (NYSE:UAM) last announced its earnings results on Thursday, August 4th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $346 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS.
Several other equities analysts have also issued reports on the company. 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 restated a “neutral” rating and set a $9.00 price target on shares of Universal American Corp. in a research note on Thursday, August 4th.
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Shares of Universal American Corp. (NYSE:UAM) traded up 0.26% during mid-day trading on Wednesday, reaching $7.59. The company’s stock had a trading volume of 22,592 shares. The company has a 50 day moving average of $7.39 and a 200-day moving average of $7.58. Universal American Corp. has a 12 month low of $5.55 and a 12 month high of $8.55. The firm’s market capitalization is $493.77 million.
Several large investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in Universal American Corp. by 14.2% in the second quarter. American International Group Inc. now owns 33,341 shares of the company’s stock valued at $253,000 after buying an additional 4,151 shares in the last quarter. BlackRock Advisors LLC raised its stake in Universal American Corp. by 17.3% in the second quarter. BlackRock Advisors LLC now owns 28,614 shares of the company’s stock valued at $217,000 after buying an additional 4,223 shares in the last quarter. Alliancebernstein L.P. raised its stake in Universal American Corp. by 7.0% in the second quarter. Alliancebernstein L.P. now owns 82,780 shares of the company’s stock valued at $627,000 after buying an additional 5,400 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Universal American Corp. by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 204,184 shares of the company’s stock valued at $1,548,000 after buying an additional 5,737 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 in the last quarter. Institutional investors own 75.85% of the company’s stock.
Universal American Corp. Company Profile
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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