UniHealth Reduces Stake in PacifiCare

PacifiCare Health Systems Inc.’s largest shareholder, UniHealth Foundation of Woodland Hills, lowered its stake in the Santa Ana-based company to 8.6% from 10.2%, according to a regulatory filing. UniHealth Foundation sold 600,000 shares between Oct. 24 and Nov. 1 with prices ranging between $14.41 and $17.97, the filing said. UniHealth said it sold the stock “to provide liquidity to UniHealth Foundation and to further diversify its assets.”

Shares of Santa Ana-based PacifiCare fell 38 cents to $20 on Nasdaq.