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Wednesday 14 October 2015
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(TROW) (CERN) (TNK) Active News Update: T. Rowe Price Group (NASDAQ:TROW), Cerner (NASDAQ:CERN), Teekay Tankers (NYSE:TNK)

Shares of T. Rowe Price Group Inc (NASDAQ:TROW), inclined 1.91% to $71.98. It traded in a range of $70.65 and $72.17, exchanging hands with 1.43 shares.

The stock is down -0.92% in this year through last close. In the trailing twelve months, net profit margin of the company was 30.00%.

T. Rowe Price (TROW) has launched its new Retirement I Funds, a series of target date funds for retirement plans and other institutional investors with lower shareholder servicing costs. The 13 new Retirement I Funds have identical investment strategies to those of the firm’s flagship Retirement Fund series, but are differentiated by lower shareholder servicing costs. The funds’ glide paths, underlying funds and targeted asset allocation are the same. The Retirement I Funds series is a part of the firm’s continued commitment to offer lower-cost investment solutions to investors.

T. Rowe Price Group, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions.

Shares of Cerner Corporation (NASDAQ:CERN), gained 2.26% to $ 62.87. 1.48 shares of the company were exchanged.

The stock is down -2.77% in this year through last close, and the beta ratio has a value of 0.54. The stock, as of recent close, has shown weekly upbeat performance of 4.85% which was maintained at 0.79% in 1-month period.

McLaren Health Care declared that it has selected Cerner, a global leader in health care technology, to implement an electronic health record (EHR) system counting integrated revenue cycle administration, together with population health administration solutions, at McLaren’s hospitals and outpatient facilities throughout Michigan.

The health system will start to transition its clinical and revenue cycle data from disparate McKesson and Allscripts systems to Cerner Millennium(R) this month. Cerner will also implement HealtheIntentSM-enabled population health administration solutions, counting HealtheRegistriesSM. The solutions will contribute to a clinically driven revenue cycle, which ties clinical and financial information together across hospitals and clinics.

Cerner Corporation designs, develops, markets, installs, hosts, and supports healthcare information technology, healthcare devices, hardware, and content solutions for healthcare organizations and consumers in the United States and internationally.

Finally, Shares of Teekay Tankers Ltd. (NYSE:TNK), ended its last trade with -0.39% loss, and closed at $7.61.

The stock, after recent close, is 14.31% above their SMA 50 and 11.12% from SMA20 and is 20.46% above than SMA200. 61.20% shares of the company were owned by institutional investors. The company has 2.83 value in price to sale ratio while price to book ratio was recorded as 1.52. It beta stands at 2.42.

Teekay Tankers Ltd. (Teekay Tankers) (TNK) declared that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended September 30, 2015. The cash dividend is payable on October 30, 2015 to all shareholders of record as at October 16, 2015.

Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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