Short Interest Worth Mentioning: Could UnitedHealth Group (NYSE:UNH) Go Up After Its Newest Short Interest Report?

November 18, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Worth Mentioning: Could UnitedHealth Group (NYSE:UNH) Go Up After Its Newest Short Interest Report?

The stock of UnitedHealth Group (NYSE:UNH) registered an increase of 10.33% in short interest. UNH’s total short interest was 7.52M shares in November as published by FINRA. Its up 10.33% from 6.82 million shares, reported previously. With 3.11 million shares average volume, it will take short sellers 2 days to cover their UNH’s short positions. The short interest to UnitedHealth Group’s float is 0.85%. About 2.51M shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 17.96% since April 18, 2016 and is uptrending. It has outperformed by 13.53% the S&P500.

UnitedHealth Group Incorporated is a diversified healthcare company. The company has a market cap of $141.84 billion. The Firm operates through four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It has a 22.12 P/E ratio. The Firm conducts its activities through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio improved, as 55 funds sold all UnitedHealth Group Inc shares owned while 466 reduced positions. 94 funds bought stakes while 386 increased positions. They now own 805.88 million shares or 5.42% less from 852.02 million shares in 2016Q1.
Livingston Asset Co (Operating As Southport Management) holds 1.05% or 13,325 shares in its portfolio. The Florida-based Transamerica Finance Advisors has invested 0.37% in UnitedHealth Group Inc (NYSE:UNH). Guardian Cap Advsrs Ltd Partnership has 0.58% invested in the company for 21,868 shares. Calamos Advsr Ltd Liability Corporation last reported 268,424 shares in the company. Moreover, Pennsylvania Tru has 0.67% invested in UnitedHealth Group Inc (NYSE:UNH) for 58,743 shares. Crestpoint Capital Mgmt Limited Liability holds 0.17% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 2,300 shares. Arrow Financial, a New York-based fund reported 16,180 shares. National Bank holds 72,596 shares or 0.16% of its portfolio. The Massachusetts-based Loomis Sayles And Limited Partnership has invested 0.45% in UnitedHealth Group Inc (NYSE:UNH). Bowling Ltd Liability has invested 1.43% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Ancora Lc, a Us-based fund reported 1,685 shares. Heritage Wealth Advsrs has 0.28% invested in the company for 2,956 shares. Blue Edge Ltd Company holds 0% or 12,529 shares in its portfolio. Dekabank Deutsche Girozentrale holds 0.66% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 411,303 shares. The Japan-based Meiji Yasuda Asset Mgmt Limited has invested 1.24% in UnitedHealth Group Inc (NYSE:UNH).

Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 5 insider sales for $8.75 million net activity. Another trade for 14,365 shares valued at $2.07 million was sold by WILSON D ELLEN. WILENSKY GAIL R had sold 5,500 shares worth $768,924 on Friday, June 10. $453,615 worth of UnitedHealth Group Inc (NYSE:UNH) was sold by BALLARD WILLIAM C JR. Another trade for 325 shares valued at $47,121 was sold by Shine Kenneth Irwin. $5.41M worth of UnitedHealth Group Inc (NYSE:UNH) was sold by BURKE RICHARD T on Wednesday, September 7.

UnitedHealth Group Inc (NYSE:UNH) Ratings Coverage

Out of 15 analysts covering UnitedHealth Group (NYSE:UNH), 14 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. UnitedHealth Group has been the topic of 20 analyst reports since September 2, 2015 according to StockzIntelligence Inc. As per Wednesday, December 16, the company rating was initiated by Credit Suisse. The company was initiated on Wednesday, September 16 by JP Morgan. Cleveland initiated it with “Buy” rating and $155 target price in Friday, April 8 report. The firm earned “Strong-Buy” rating on Wednesday, September 2 by Vetr. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, September 9. On Friday, October 2 the stock rating was initiated by Citigroup with “Buy”. RBC Capital Markets maintained UnitedHealth Group Inc (NYSE:UNH) rating on Wednesday, July 20. RBC Capital Markets has “Outperform” rating and $165 price target. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Buy” rating given on Friday, November 20 by Mizuho. Bernstein initiated the shares of UNH in a report on Thursday, June 16 with “Outperform” rating. As per Wednesday, October 19, the company rating was maintained by Mizuho.

UNH Company Profile

UnitedHealth Group Incorporated, incorporated on January 25, 1977, is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various clients 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 divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx.

More notable recent UnitedHealth Group Inc (NYSE:UNH) news were published by: Businesswire.com which released: “UnitedHealth Group to Host Military and Veterans Career Fair in Texas; Seeking …” on November 14, 2016, also Finance.Yahoo.com with their article: “UnitedHealth Group Hits 52-Week High on Solid Earnings, View” published on November 14, 2016, Investorplace.com published: “Has UnitedHealth Group Inc (UNH) Stock Hit Its Peak?” on October 19, 2016. More interesting news about UnitedHealth Group Inc (NYSE:UNH) were released by: Forbes.com and their article: “December 9th Options Now Available For UnitedHealth Group (UNH)” published on October 27, 2016 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: UnitedHealth Group, Merck, JPMorgan Chase …” with publication date: November 15, 2016.

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By Winifred Garcia


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