Catamaran Corp (CTRX): Today's Featured Health Care Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Catamaran ( CTRX) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Catamaran fell $1.01 (-2.2%) to $45.84 on average volume. Throughout the day, 1,722,386 shares of Catamaran exchanged hands as compared to its average daily volume of 1,401,100 shares. The stock ranged in price between $45.83-$46.73 after having opened the day at $46.67 as compared to the previous trading day's close of $46.85. Other companies within the Health Care sector that declined today were: Span-America Medical ( SPAN), down 12.8%, StemCells ( STEM), down 12.5%, GTx ( GTXI), down 12.2% and Aoxing Pharmaceutical Company ( AXN), down 10.8%.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $9.8 billion and is part of the health services industry. Shares are up 1.2% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Catamaran a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Catamaran as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, GW Pharmaceuticals PLC ADR ( GWPH), up 96.9%, Delcath Systems ( DCTH), up 91.4%, DARA Biosciences ( DARA), up 41.2% and Genvec ( GNVC), up 27.7% , were all gainers within the health care sector with Tenet Healthcare ( THC) being today's featured health care sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health care sector could consider ProShares Ultra Short Health Care ( RXD).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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