Lee Equity Partners buys $41,130,212 stake in Universal American Corporation (UAM)

Universal American Corporation (UAM) : Lee Equity Partners scooped up 9,931 additional shares in Universal American Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 5,300,285 shares of Universal American Corporation which is valued at $41,130,212.Universal American Corporation makes up approximately 56.64% of Lee Equity Partners’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in UAM by selling 8,984 shares or 9.61% in the most recent quarter. The Hedge Fund company now holds 84,500 shares of UAM which is valued at $655,720.Meeder Asset Management Inc reduced its stake in UAM by selling 4,737 shares or 41.08% in the most recent quarter. The Hedge Fund company now holds 6,793 shares of UAM which is valued at $54,004.First Quadrant L Pca boosted its stake in UAM in the latest quarter, The investment management firm added 14,400 additional shares and now holds a total of 51,300 shares of Universal American Corporation which is valued at $404,757. Universal American Corporation makes up approx 0.01% of First Quadrant L Pca’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in UAM in the latest quarter, The investment management firm added 780 additional shares and now holds a total of 9,384 shares of Universal American Corporation which is valued at $72,351.

Universal American Corporation closed down -0.08 points or -1.03% at $7.66 with 1,14,984 shares getting traded on Friday. Post opening the session at $7.76, the shares hit an intraday low of $7.64 and an intraday high of $7.76 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Universal American Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.04. The company had revenue of $396.20 million for the quarter, compared to analysts expectations of $402.83 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Universal American Corp. is a health insurance company. The Company primarily serves the growing Medicare population by providing Medicare Advantage products. The Company operates the following segments: Medicare Advantage Management Services Organization (MSO) Medicaid Traditional Insurance and Corporate & Other. The Company provides health insurance to low-income families and individuals with disabilities. Medicare Advantage segment includes the Company’s Medicare Advantage businesses. The Company’s MSO segment supports its physician partnerships in the development of value-based healthcare models. The Company’s Medicaid segment includes the operations of its Total Care Medicaid health plan. The Company’s Traditional Insurance segment reflects the Company’s closed block of insurance products not offered through government programs.

Leave a Reply

Universal American Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Universal American Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.