The First Trust Advisors LP Invests $789,000 in ExamWorks Group Inc. (EXAM)

The First Trust Advisors LP Invests $789,000 in ExamWorks Group Inc. (EXAM)

First Trust Advisors LP bought a new stake in ExamWorks Group Inc. (NYSE:EXAM) during the second quarter, Holdings Channel reports. The institutional investor bought 22,646 shares of the company’s stock, valued at approximately $789,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXAM. Bank of Montreal Can purchased a new position in ExamWorks Group during the second quarter valued at about $115,000. Capital Fund Management S.A. purchased a new position in ExamWorks Group during the second quarter valued at about $238,000. Royal Bank of Canada increased its position in ExamWorks Group by 1.1% in the first quarter. Royal Bank of Canada now owns 8,746 shares of the company’s stock valued at $258,000 after buying an additional 99 shares in the last quarter. Sphinx Trading LP purchased a new position in ExamWorks Group during the second quarter valued at about $279,000. Finally, Bayesian Capital Management LP purchased a new position in ExamWorks Group during the first quarter valued at about $291,000.

ExamWorks Group Inc. (NYSE:EXAM) remained flat at $35.06 during trading on Friday. ExamWorks Group Inc. has a 12 month low of $21.98 and a 12 month high of $36.82. The firm’s 50-day moving average is $35.06 and its 200-day moving average is $34.28.

Several brokerages recently commented on EXAM. Needham & Company LLC reiterated a “hold” rating on shares of ExamWorks Group in a report on Tuesday, July 19th. Zacks Investment Research cut ExamWorks Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.

ExamWorks Group Company Profile

ExamWorks Group, Inc is a provider of independent medical examinations (IMEs), peer reviews, bill reviews, Medicare compliance, case management and other related services (IME services or the IME industry). The Company conducts its business through four geographic segments, namely, the United States, Canada, the United Kingdom and Australia.

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