Insider Selling: United Therapeutics Corporation (UTHR) CEO Sells 1,235 Shares of Stock
United Therapeutics Corporation (NASDAQ:UTHR) CEO Martine A. Rothblatt sold 1,235 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $131.95, for a total transaction of $162,958.25. Following the transaction, the chief executive officer now owns 2,304 shares of the company’s stock, valued at approximately $304,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of United Therapeutics Corporation (UTHR) traded down 0.74% during mid-day trading on Thursday, reaching $131.06. 618,908 shares of the company’s stock were exchanged. The company has a market cap of $5.69 billion, a PE ratio of 15.20 and a beta of 1.51. United Therapeutics Corporation has a 52-week low of $110.90 and a 52-week high of $169.89. The company’s 50-day moving average price is $130.48 and its 200 day moving average price is $134.58.
United Therapeutics Corporation (NASDAQ:UTHR) last posted its quarterly earnings data on Thursday, July 27th. The biotechnology company reported ($1.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.61 by $4.86. The firm had revenue of $444.60 million for the quarter, compared to analysts’ expectations of $391.53 million. United Therapeutics Corporation had a return on equity of 20.96% and a net margin of 24.18%. United Therapeutics Corporation’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.42 earnings per share. On average, equities research analysts predict that United Therapeutics Corporation will post $10.09 EPS for the current year.
United Therapeutics Corporation declared that its board has initiated a share buyback program on Thursday, April 27th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the biotechnology company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Several research analysts recently commented on UTHR shares. Zacks Investment Research cut shares of United Therapeutics Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. BidaskClub cut shares of United Therapeutics Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine upgraded shares of United Therapeutics Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Wedbush restated an “outperform” rating and set a $213.00 target price (down previously from $229.00) on shares of United Therapeutics Corporation in a report on Thursday, April 27th. Finally, UBS AG restated a “sell” rating and set a $106.00 target price on shares of United Therapeutics Corporation in a report on Thursday, July 6th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $134.50.
A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of United Therapeutics Corporation by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 122,497 shares of the biotechnology company’s stock worth $16,583,000 after buying an additional 2,223 shares during the period. Clarity Capital KCPS Ltd. bought a new position in shares of United Therapeutics Corporation during the first quarter worth $230,000. Argent Capital Management LLC increased its position in shares of United Therapeutics Corporation by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,530 shares of the biotechnology company’s stock worth $343,000 after buying an additional 60 shares during the period. Greylin Investment Mangement Inc. increased its position in shares of United Therapeutics Corporation by 42.3% in the second quarter. Greylin Investment Mangement Inc. now owns 2,975 shares of the biotechnology company’s stock worth $386,000 after buying an additional 885 shares during the period. Finally, Nuveen Asset Management LLC increased its position in shares of United Therapeutics Corporation by 222.1% in the first quarter. Nuveen Asset Management LLC now owns 64,507 shares of the biotechnology company’s stock worth $8,733,000 after buying an additional 44,481 shares during the period.
United Therapeutics Corporation Company Profile
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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