Black Creek Investment Management buys $71,830,197 stake in Inovalon Holdings Inc (INOV)

Inovalon Holdings Inc (INOV) : Black Creek Investment Management scooped up 508,868 additional shares in Inovalon Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,876,456 shares of Inovalon Holdings Inc which is valued at $71,830,197.Inovalon Holdings Inc makes up approximately 6.21% of Black Creek Investment Management’s portfolio.

Other Hedge Funds, Including , Berkeley Capital Partners boosted its stake in INOV in the latest quarter, The investment management firm added 459 additional shares and now holds a total of 13,498 shares of Inovalon Holdings Inc which is valued at $198,826. Inovalon Holdings Inc makes up approx 0.14% of Berkeley Capital Partners’s portfolio. Utah Retirement Systems added INOV to its portfolio by purchasing 10,700 company shares during the most recent quarter which is valued at $206,189. Inovalon Holdings Inc makes up approx 0.01% of Utah Retirement Systems’s portfolio. Quantbot Technologies Lp sold out all of its stake in INOV during the most recent quarter. The investment firm sold 6,306 shares of INOV which is valued $121,517. Huntington National Bank added INOV to its portfolio by purchasing 3,960 company shares during the most recent quarter which is valued at $71,201.

Inovalon Holdings Inc opened for trading at $15.53 and hit $15.72 on the upside on Monday, eventually ending the session at $15.55, with a gain of 0.58% or 0.09 points. The heightened volatility saw the trading volume jump to 1,18,020 shares. Company has a market cap of $2,370 M.

On the company’s financial health, Inovalon Holdings Inc reported $0.14 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.14. The company had revenue of $123.80 million for the quarter, compared to analysts expectations of $126.86 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Inovalon Holdings Inc. Inovalon Holdings Inc was Downgraded by Goldman to ” Neutral” on Aug 4, 2016. Inovalon Holdings Inc was Downgraded by Piper Jaffray to ” Underweight” on Aug 4, 2016.

Inovalon Holdings Inc. is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans hospitals physicians patients pharmaceutical companies and researchers. Through its datasets integration technologies predictive analytics and subject matter expertise the Company delivers platforms. Its analytics identify gaps in care quality data integrity and financial performance while providing clients with capabilities to resolve these gaps. The Company’s data analytics and intervention platforms consist of four primary components: data integration advanced analytics intervention platforms and business processing. This system manages the process of defining and configuring industry data feeds from its clients and partners including electronic health records laboratory pharmacy patient reported claims paper based medical records biometric and hospital data feeds.

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