Yost Capital Management L.l.c. Lowers stake in HMS Holdings Corp (HMSY)

HMS Holdings Corp (HMSY) : Yost Capital Management L.l.c. reduced its stake in HMS Holdings Corp by 5.77% during the most recent quarter end. The investment management company now holds a total of 898,619 shares of HMS Holdings Corp which is valued at $14,818,227 after selling 54,990 shares in HMS Holdings Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.HMS Holdings Corp makes up approximately 9.04% of Yost Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Systematic Financial Management Lp reduced its stake in HMSY by selling 20,045 shares or 20.01% in the most recent quarter. The Hedge Fund company now holds 80,141 shares of HMSY which is valued at $1,321,525. HMS Holdings Corp makes up approx 0.02% of Systematic Financial Management Lp’s portfolio. Checchi Capital Advisers sold out all of its stake in HMSY during the most recent quarter. The investment firm sold 18 shares of HMSY which is valued $291.Palisade Capital Managementnj reduced its stake in HMSY by selling 286,195 shares or 16.82% in the most recent quarter. The Hedge Fund company now holds 1,415,102 shares of HMSY which is valued at $30,452,995. HMS Holdings Corp makes up approx 1.36% of Palisade Capital Managementnj’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in HMSY in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 23,330 shares of HMS Holdings Corp which is valued at $502,062. HMS Holdings Corp makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.New Century Investment Management Inc reduced its stake in HMSY by selling 291 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 38,167 shares of HMSY which is valued at $829,751. HMS Holdings Corp makes up approx 0.73% of New Century Investment Management Inc’s portfolio.

HMS Holdings Corp opened for trading at $17.99 and hit $18.255 on the upside on Monday, eventually ending the session at $18.2, with a gain of 1.34% or 0.24 points. The heightened volatility saw the trading volume jump to 5,77,243 shares. Company has a market cap of $1,541 M.

On the company’s financial health, HMS Holdings Corp reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $0.17. The company had revenue of $124.60 million for the quarter, compared to analysts expectations of $123.42 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on HMS Holdings Corp. HMS Holdings Corp was Downgraded by Jefferies to ” Hold” on Aug 18, 2016.

HMS Holdings Corp. is a holding company. The Company through its subsidiaries operates in the United States healthcare insurance benefit cost containment marketplace. The Company provides coordination of benefits services to government and private healthcare payers and sponsors. The Company’s customers are government health agencies including Centers for Medicare & Medicaid Services (CMS) the Veterans Health Administration (VHA) and state Medicaid agencies; commercial health plans including Medicaid managed care Medicare Advantage and group and individual health lines of business; government and private employers; child support agencies and other healthcare payers and sponsors. As of December 31 2014 the Company also provided services to approximately 220 commercial customers and supported their multiple lines of business including Medicaid managed care Medicare Advantage and group and individual health.

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