Schaller Investment Group Inc adds Inovalon Holdings Inc (INOV) to its portfolio

Inovalon Holdings Inc (INOV) : Schaller Investment Group Inc added new position in Inovalon Holdings Inc during the most recent quarter end. The investment management firm now holds 40,000 shares of Inovalon Holdings Inc which is valued at $589,200 , the company said in a statement filed on Aug 11, 2016 with the SEC.Inovalon Holdings Inc makes up approximately 0.42% of Schaller Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in INOV in the latest quarter, The investment management firm added 27,985 additional shares and now holds a total of 46,486 shares of Inovalon Holdings Inc which is valued at $684,739.Blackrock Group Ltd boosted its stake in INOV in the latest quarter, The investment management firm added 9,696 additional shares and now holds a total of 23,994 shares of Inovalon Holdings Inc which is valued at $353,432.Victory Capital Management Inc boosted its stake in INOV in the latest quarter, The investment management firm added 1,203 additional shares and now holds a total of 2,758 shares of Inovalon Holdings Inc which is valued at $40,681.Summit Creek Advisors reduced its stake in INOV by selling 23,300 shares or 6.53% in the most recent quarter. The Hedge Fund company now holds 333,255 shares of INOV which is valued at $6,198,543. Inovalon Holdings Inc makes up approx 1.01% of Summit Creek Advisors’s portfolio.

Inovalon Holdings Inc opened for trading at $15.28 and hit $15.56 on the upside on Tuesday, eventually ending the session at $15.56, with a gain of 2.17% or 0.33 points. The heightened volatility saw the trading volume jump to 3,91,873 shares. Company has a market cap of $2,372 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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