Gruss Capital Management Lp adds Humana Inc (HUM) to its portfolio

Humana Inc (HUM) : Gruss Capital Management Lp added new position in Humana Inc during the most recent quarter end. The investment management firm now holds 400,000 shares of Humana Inc which is valued at $72,344,000 , the company said in a statement filed on Aug 12, 2016 with the SEC.Humana Inc makes up approximately 11.80% of Gruss Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in HUM in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 5,405 shares of Humana Inc which is valued at $977,548. Perceptive Advisors sold out all of its stake in HUM during the most recent quarter. The investment firm sold 110,000 shares of HUM which is valued $19,894,600. Reilly Financial Advisors added HUM to its portfolio by purchasing 476 company shares during the most recent quarter which is valued at $82,576. Humana Inc makes up approx 0.01% of Reilly Financial Advisors’s portfolio.Sit Investment Associates Inc reduced its stake in HUM by selling 2,200 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 13,430 shares of HUM which is valued at $2,317,347. Humana Inc makes up approx 0.06% of Sit Investment Associates Inc’s portfolio.

Humana Inc closed down -0.45 points or -0.25% at $176.93 with 5,29,350 shares getting traded on Monday. Post opening the session at $177.33, the shares hit an intraday low of $176.75 and an intraday high of $178.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Humana Inc reported $2.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $2.28. The company had revenue of $14010.00 million for the quarter, compared to analysts expectations of $13593.82 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS.

Many Wall Street Analysts have commented on Humana Inc. Shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 170 from a previous price target of $220 .Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 224 from a previous price target of $220 .Jefferies Upgraded Humana Inc on Jul 18, 2016 to ” Buy”, Price Target of the shares are set at $210.

Humana Inc. (Humana) is a health and well-being company. The Company operates in three segments: Retail Employer Group and Healthcare Services. The Company’s medical and specialty insurance products allow members to access health care services through its network of health care providers. Its Retail Segment consists of products sold on a retail basis to individuals including medical and supplemental benefit plans. Its Employer Group segment consists of products sold to employer groups including medical and supplemental benefit plans as well as health and wellness products. Its Healthcare Services segment consists of businesses which offers services including pharmacy solutions provider services home-based services integrated behavioral health services and predictive modeling and informatics services to other Humana businesses as well as external health plan members external health plans and other employers or individuals.

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