Universal American Co. (NYSE:UAM) was the recipient of a significant drop in short interest in April. As of April 28th, there was short interest totalling 576,009 shares, a drop of 51.7% from the April 13th total of 1,192,161 shares. Based on an average daily volume of 256,944 shares, the days-to-cover ratio is currently 2.2 days.

Shares of Universal American (NYSE:UAM) opened at 9.97 on Tuesday. The stock’s 50 day moving average price is $9.98 and its 200-day moving average price is $9.70. Universal American has a 52 week low of $6.72 and a 52 week high of $10.13.

Universal American (NYSE:UAM) last issued its earnings results on Tuesday, February 28th. The financial services provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.12. The company had revenue of $340.90 million for the quarter, compared to analysts’ expectations of $344.83 million. Universal American had a negative net margin of 5.99% and a positive return on equity of 0.68%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Equities research analysts anticipate that Universal American will post $0.33 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in shares of Universal American by 0.4% in the first quarter. Legal & General Group Plc now owns 11,124 shares of the financial services provider’s stock valued at $111,000 after buying an additional 43 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Universal American by 1.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,024 shares of the financial services provider’s stock valued at $299,000 after buying an additional 391 shares during the period. Bank of America Corp DE boosted its stake in Universal American by 3.7% in the first quarter. Bank of America Corp DE now owns 17,566 shares of the financial services provider’s stock valued at $175,000 after buying an additional 619 shares during the period. Parametric Portfolio Associates LLC boosted its stake in 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 during the period. Finally, California Public Employees Retirement System boosted its stake in Universal American by 1.3% in the first quarter. California Public Employees Retirement System now owns 268,200 shares of the financial services provider’s stock valued at $2,674,000 after buying an additional 3,400 shares during the period. Institutional investors own 85.70% of the company’s stock.

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Universal American Company Profile

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.

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