Martine A. Rothblatt Sells 1,265 Shares of United Therapeutics Co. (UTHR) Stock
United Therapeutics Co. (NASDAQ:UTHR) CEO Martine A. Rothblatt sold 1,265 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $119.40, for a total value of $151,041.00. Following the completion of the sale, the chief executive officer now directly owns 1,405 shares of the company’s stock, valued at approximately $167,757. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
United Therapeutics Co. (NASDAQ:UTHR) traded up 0.63% on Friday, hitting $119.08. The company’s stock had a trading volume of 561,393 shares. The firm has a 50 day moving average of $121.95 and a 200 day moving average of $138.72. United Therapeutics Co. has a 12 month low of $97.52 and a 12 month high of $169.89. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 8.36 and a beta of 1.42.
United Therapeutics (NASDAQ:UTHR) last posted its quarterly earnings results on Wednesday, April 26th. The biotechnology company reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.12 by $0.77. United Therapeutics had a net margin of 44.40% and a return on equity of 41.78%. The firm had revenue of $370.50 million during the quarter, compared to the consensus estimate of $399.59 million. During the same quarter in the previous year, the firm posted $3.02 earnings per share. The company’s revenue was up .4% on a year-over-year basis. Equities research analysts forecast that United Therapeutics Co. will post $14.42 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in United Therapeutics by 4,222.8% in the first quarter. BlackRock Inc. now owns 4,741,985 shares of the biotechnology company’s stock valued at $641,969,000 after buying an additional 4,632,287 shares in the last quarter. Norges Bank bought a new stake in United Therapeutics during the fourth quarter valued at $63,975,000. Russell Investments Group Ltd. bought a new stake in United Therapeutics during the fourth quarter valued at $61,510,000. Consonance Capital Management LP increased its stake in United Therapeutics by 95.5% in the third quarter. Consonance Capital Management LP now owns 818,700 shares of the biotechnology company’s stock valued at $96,672,000 after buying an additional 400,000 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in United Therapeutics by 27.8% in the first quarter. AQR Capital Management LLC now owns 1,736,357 shares of the biotechnology company’s stock valued at $235,068,000 after buying an additional 377,395 shares in the last quarter.
A number of equities research analysts have recently weighed in on UTHR shares. Credit Suisse Group AG started coverage on United Therapeutics in a research note on Thursday, March 16th. They issued an “underperform” rating and a $120.00 target price for the company. Cowen and Company downgraded United Therapeutics from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $140.00 to $121.00 in a report on Monday, April 3rd. HC Wainwright restated a “hold” rating and set a $95.00 price target on shares of United Therapeutics in a report on Monday, April 17th. Wedbush restated an “outperform” rating and set a $229.00 price target on shares of United Therapeutics in a report on Tuesday, April 4th. Finally, Jefferies Group LLC restated a “sell” rating and set a $116.00 price target on shares of United Therapeutics in a report on Wednesday, April 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $137.09.
About United Therapeutics
United Therapeutics Corporation is a biotechnology company. The Company is focused on the development and commercialization of products for the treatment of chronic and life-threatening conditions. The Company markets and sells four commercial therapies in the United States to treat pulmonary arterial hypertension (PAH): Remodulin (treprostinil) Injection; Tyvaso (treprostinil) Inhalation Solution (Tyvaso); Orenitram (treprostinil) Extended-Release Tablets (Orenitram); and Adcirca (tadalafil) Tablets (Adcirca).
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