Inovalon Holdings Inc (INOV) : Black Creek Investment Management scooped up 1,436,650 additional shares in Inovalon Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,367,588 shares of Inovalon Holdings Inc which is valued at $74.8 Million.Inovalon Holdings Inc makes up approximately 6.83% of Black Creek Investment Management’s portfolio.
Other Hedge Funds, Including , Geode Capital Management boosted its stake in INOV in the latest quarter, The investment management firm added 213,336 additional shares and now holds a total of 370,521 shares of Inovalon Holdings Inc which is valued at $6.3 Million.Blackrock Fund Advisors boosted its stake in INOV in the latest quarter, The investment management firm added 153,200 additional shares and now holds a total of 529,345 shares of Inovalon Holdings Inc which is valued at $9.1 Million.Connable Office Inc boosted its stake in INOV in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 11,300 shares of Inovalon Holdings Inc which is valued at $193,569. Inovalon Holdings Inc makes up approx 0.05% of Connable Office Inc’s portfolio.Swiss National Bank boosted its stake in INOV in the latest quarter, The investment management firm added 48,500 additional shares and now holds a total of 80,400 shares of Inovalon Holdings Inc which is valued at $1.3 Million.
Inovalon Holdings Inc opened for trading at $18.84 and hit $18.97 on the upside on Wednesday, eventually ending the session at $18.74, with a gain of 0.21% or 0.04 points. The heightened volatility saw the trading volume jump to 3,09,228 shares. Company has a market cap of $2,855 M.
On the company’s financial health, Inovalon Holdings Inc reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.08. The company had revenue of $102.70 million for the quarter, compared to analysts expectations of $97.96 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on Inovalon Holdings Inc. Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Neutral” and Lowered the Price Target to $ 21 from a previous price target of $22 .Inovalon Holdings Inc was Downgraded by Morgan Stanley to ” Underweight” on Mar 30, 2016. KeyBanc Capital Mkts Initiated Inovalon Holdings Inc on Mar 29, 2016 to “Overweight”, Price Target of the shares are set at $26.
Inovalon Holdings Inc. is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans hospitals physicians patients pharmaceutical companies and researchers. Through its datasets integration technologies predictive analytics and subject matter expertise the Company delivers platforms. Its analytics identify gaps in care quality data integrity and financial performance while providing clients with capabilities to resolve these gaps. The Company’s data analytics and intervention platforms consist of four primary components: data integration advanced analytics intervention platforms and business processing. This system manages the process of defining and configuring industry data feeds from its clients and partners including electronic health records laboratory pharmacy patient reported claims paper based medical records biometric and hospital data feeds.