Tradelink Capital adds UnitedHealth Group Inc (UNH) to its portfolio

UnitedHealth Group Inc (UNH) : Tradelink Capital added new position in UnitedHealth Group Inc during the most recent quarter end. The investment management firm now holds 1,805 shares of UnitedHealth Group Inc which is valued at $257,898 , the company said in a statement filed on Aug 1, 2016 with the SEC.UnitedHealth Group Inc makes up approximately 1.19% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Private Trust Co Na reduced its stake in UNH by selling 1,281 shares or 18.66% in the most recent quarter. The Hedge Fund company now holds 5,583 shares of UNH which is valued at $798,481. UnitedHealth Group Inc makes up approx 0.20% of Private Trust Co Na’s portfolio.

UnitedHealth Group Inc closed down -0.17 points or -0.12% at $142.71 with 18,90,880 shares getting traded on Thursday. Post opening the session at $143.1, the shares hit an intraday low of $142.26 and an intraday high of $143.476 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, UnitedHealth Group Inc reported $1.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.89. The company had revenue of $46485.00 million for the quarter, compared to analysts expectations of $45039.08 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. UnitedHealth Group Inc was Upgraded by Argus to ” Buy” on Jul 22, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 165 from a previous price target of $157 .Company shares were Reiterated by Mizuho on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $156 .

UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

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