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Stock Market & Financial Investment News

News Breaks
April 24, 2014
10:29 EDTHBAN, ALLT, HMSY, EROC, DOHigh option volume stocks: EROC ALLT DO HMSY HBAN
News For EROC;ALLT;DO;HMSY;HBAN From The Last 14 Days
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September 1, 2015
10:04 EDTDOOn The Fly: Analyst Upgrade Summary
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07:33 EDTHMSYHMS begins work on third party liability contract in Florida
HMS, a subsidiary of HMS Holdings Corp., announced that it has commenced work as the prime contractor for the Florida Agency for Health Care Administration to provide coordination of benefits services for the State's Medicaid population. Under this new contract, awarded in June pursuant to a competitive bid process, HMS will provide the following services: Medicare and other third party payer recovery, cost avoidance, the health insurance premium payment program, casualty recovery, estate recovery, trust and annuity recovery, and other cost containment services. The five-year contract runs through August 2020 and includes an extension option of up to five additional years. AHCA is the fifth largest state Medicaid program in the U.S., as measured by total spend. Over the past 13 years, HMS's partnership with AHCA has generated approximately $1.2B in cash recoveries and an additional $11B in savings to the agency.
07:17 EDTDODiamond Offshore upgraded to Market Perform from Underperform at Wells Fargo
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August 28, 2015
10:02 EDTHBANOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
06:48 EDTHBANHuntington Bancshares upgraded to Buy from Neutral at Guggenheim
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August 25, 2015
18:11 EDTDOTranocean tanks after proposing dividend cancellations, peers follow
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08:33 EDTHMSYHMS Holdings TPL win with New York a big positive, says William Blair
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07:34 EDTHMSYHMS awarded Medicaid TPL cost containment contract by OHCA
HMS announced that it has been awarded a competitively bid contract by the Oklahoma Health Care Authority, or OHCA, to provide cost containment services for the SoonerCare program. Under provisions of the contract, HMS is scheduled to provide coordination of benefits to maximize cost savings from third party collections for the State's 825,000 SoonerCare members. The contract, including the base year and renewal options, extends through June 30, 2021.
August 24, 2015
16:23 EDTHMSYOn The Fly: Top stock stories for Monday
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11:26 EDTHMSYHMS Holdings awarded NY Medicaid Third Party Liability Match and Recovery pact
In a regulatory filing, HMS Holdings disclosed that it received a notice from the New York State Office of the Medicaid Inspector General, or OMIG, that it has selected the company's wholly owned subsidiary Health Management Systems for award of the Medicaid Third Party Liability Match and Recovery Services contract. "OMIG advised HMS that it had determined that HMS is the provider of the best value solution for solicitation number OMIG 15-01," the company stated. The award is contingent upon the successful execution of a contract. Based on the solicitation, the proposed contract is expected to be for a term of five years, commencing January 7, 2016 through January 6, 2021, with an option to extend the term for two additional one-year periods.
11:25 EDTHMSYHMS Holdings jumps 15%, halted for circuit breaker after NY contract award
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11:24 EDTHMSYHMS Holdings awarded Medicaid contract from New York OMIG
August 23, 2015
13:48 EDTHMSYReservations loom for HMS Holdings, Barron's says
As reported in an August 10 filing, HMS Holdings could see "material negative impact" if the Centers for Medicare and Medicaid Services wins its request for $28.6M from the company, though HMS "could pay less or more," Barron's contends in a 'Trader Extra' column. The publication also argues that price competition from competitors such as Public Consulting Group is "troubling," adding that the stock could drop -- or rise -- depending on the renewal of New York's Medicaid contract, which is currently held by HMS. Reference Link
August 20, 2015
10:00 EDTHBANOn The Fly: Analyst Initiation Summary
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05:36 EDTEROCLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).
August 19, 2015
17:07 EDTHBANHuntington Bancshares initiated with a Neutral at Sterne Agee CRT
Target $12.

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