Insider Selling: UCP CFO Sells 7,700 Shares of Stock (UCP)
UCP (NYSE:UCP) CFO Herran William J. La sold 7,700 shares of UCP stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $13.00, for a total value of $100,100.00. Following the sale, the chief financial officer now directly owns 43,373 shares in the company, valued at approximately $563,849. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of UCP in a research note on Monday. They now have a $17.00 price target on the stock, down previously from $20.00.
Shares of UCP (NYSE:UCP) traded down 0.46% during mid-day trading on Wednesday, hitting $13.04. The stock had a trading volume of 21,616 shares. UCP has a one year low of $12.01 and a one year high of $17.10. The stock has a 50-day moving average of $12.91 and a 200-day moving average of $14.14. The company’s market cap is $103.3 million.
UCP (NYSE:UCP) last announced its earnings results on Monday, August 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. The company had revenue of $63.60 million for the quarter, compared to the consensus estimate of $34.00 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 129.6% on a year-over-year basis. On average, analysts predict that UCP will post $-0.18 earnings per share for the current fiscal year.
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