Jefferies Maintains Buy on Health Mgt. Assoc. (HMA)

Jefferies is out with its report today on Health Mgt. Assoc. HMA, maintaining Buy. In a note to clients, Jefferies writes, "Despite posting a $0.01 Q1 earnings beat, HMA's stock will likely be under pressure today given the degree of volume weakness the company experienced during the quarter. We would use this weakness as an opportunity to accumulate shares, believing that ongoing margin improvement and contribution from new acquisitions will yield good earnings results, particularly when volumes recover." Jefferies maintains a $13 PT on HMA. Shares of HMA closed Monday at $10.39, up 0.78% from Thursday's close.