Universal American Corp. (NYSE:UAM) saw strong trading volume on Monday . 455,990 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 354,166 shares.The stock last traded at $7.86 and had previously closed at $7.71.

A number of equities analysts have issued reports on the stock. Leerink Swann restated a “hold” rating and issued a $8.00 price objective on shares of Universal American Corp. in a research report on Thursday, June 16th. Wedbush restated a “neutral” rating and issued a $8.00 price objective on shares of Universal American Corp. in a research report on Monday, June 20th. Finally, Zacks Investment Research upgraded shares of Universal American Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 11th.

The stock’s 50-day moving average is $7.98 and its 200 day moving average is $7.16. The company’s market cap is $648.31 million.

Universal American Corp. (NYSE:UAM) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business earned $396 million during the quarter, compared to analysts’ expectations of $403 million. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. On average, equities analysts forecast that Universal American Corp. will post $0.18 EPS for the current fiscal year.

In other Universal American Corp. news, Director Thomas Scully sold 6,999,200 shares of Universal American Corp. stock in a transaction on Monday, June 27th. The shares were sold at an average price of $6.80, for a total value of $47,594,560.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $680,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Other institutional investors have modified their holdings of the company. Nationwide Fund Advisors boosted its position in shares of Universal American Corp. by 169.0% in the fourth quarter. Nationwide Fund Advisors now owns 144,195 shares of the company’s stock worth $1,009,000 after buying an additional 90,584 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Universal American Corp. by 6.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 204,294 shares of the company’s stock valued at $1,430,000 after buying an additional 12,023 shares during the period. California Public Employees Retirement System raised its stake in Universal American Corp. by 6.3% in the fourth quarter. California Public Employees Retirement System now owns 290,300 shares of the company’s stock valued at $2,032,000 after buying an additional 17,100 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in Universal American Corp. by 6.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 4,461,353 shares of the company’s stock valued at $31,229,000 after buying an additional 281,046 shares during the period.

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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