Morgan Stanley lowered its position in shares of Universal American Co. (NYSE:UAM) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,162 shares of the financial services provider’s stock after selling 37,240 shares during the period. Morgan Stanley’s holdings in Universal American were worth $1,686,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UAM. Legal & General Group Plc raised 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 worth $111,000 after buying an additional 43 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of 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 worth $987,000 after buying an additional 738 shares during the period. California Public Employees Retirement System raised its stake in shares of 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 worth $2,674,000 after buying an additional 3,400 shares during the period. Wells Fargo & Company MN raised its stake in shares of Universal American by 23.3% in the first quarter. Wells Fargo & Company MN now owns 42,679 shares of the financial services provider’s stock worth $425,000 after buying an additional 8,057 shares during the period. Finally, First Manhattan Co. raised its stake in shares of Universal American by 573.1% in the first quarter. First Manhattan Co. now owns 13,462 shares of the financial services provider’s stock worth $102,000 after buying an additional 11,462 shares during the period. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Universal American Co. (NYSE:UAM) remained flat at $9.97 during midday trading on Friday. 136,320 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $9.97 and a 200 day moving average price of $9.96. Universal American Co. has a 52 week low of $6.72 and a 52 week high of $10.13.

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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.

Institutional Ownership by Quarter for Universal American (NYSE:UAM)

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