United Therapeutics Co. (NASDAQ:UTHR) CEO Martine A. Rothblatt sold 10,000 shares of United Therapeutics stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $117.91, for a total transaction of $1,179,100.00. Following the sale, the chief executive officer now directly owns 10,140 shares of the company's stock, valued at $1,195,607.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NASDAQ UTHR traded down $0.82 during trading on Wednesday, reaching $117.78. The company's stock had a trading volume of 361,000 shares, compared to its average volume of 628,976. The company has a debt-to-equity ratio of 0.27, a quick ratio of 8.46 and a current ratio of 8.91. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 9.82 and a beta of 0.86. United Therapeutics Co. has a twelve month low of $74.31 and a twelve month high of $127.79. The business's fifty day moving average price is $119.68 and its 200-day moving average price is $103.18.
United Therapeutics (NASDAQ:UTHR) last posted its quarterly earnings data on Wednesday, April 29th. The biotechnology company reported $3.12 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.69. The company had revenue of $356.30 million for the quarter, compared to analyst estimates of $343.68 million. United Therapeutics had a net margin of 36.59% and a return on equity of 19.19%. United Therapeutics's quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.58 earnings per share. As a group, sell-side analysts forecast that United Therapeutics Co. will post 10.4 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of UTHR. Amundi Pioneer Asset Management Inc. increased its stake in United Therapeutics by 18.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 76,221 shares of the biotechnology company's stock valued at $8,945,000 after purchasing an additional 12,087 shares during the period. Victory Capital Management Inc. increased its stake in shares of United Therapeutics by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 10,493 shares of the biotechnology company's stock worth $924,000 after acquiring an additional 304 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of United Therapeutics by 9.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 9,839 shares of the biotechnology company's stock worth $867,000 after acquiring an additional 874 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of United Therapeutics during the fourth quarter worth about $1,878,000. Finally, Panagora Asset Management Inc. increased its stake in shares of United Therapeutics by 20.6% during the fourth quarter. Panagora Asset Management Inc. now owns 1,287 shares of the biotechnology company's stock worth $113,000 after acquiring an additional 220 shares during the period. Institutional investors own 98.11% of the company's stock.
Several research firms have recently issued reports on UTHR. HC Wainwright lifted their price objective on shares of United Therapeutics from $85.00 to $125.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Zacks Investment Research raised shares of United Therapeutics from a "hold" rating to a "buy" rating and set a $128.00 price objective for the company in a research report on Sunday, May 3rd. Cowen reaffirmed a "buy" rating and set a $145.00 price objective on shares of United Therapeutics in a research report on Friday, June 12th. TheStreet raised shares of United Therapeutics from a "c" rating to a "b" rating in a research report on Wednesday, April 29th. Finally, Wedbush reissued a "buy" rating and issued a $243.00 price target on shares of United Therapeutics in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average target price of $137.00.
About United Therapeutics
United Therapeutics Corporation, a biotechnology company, develops and commercializes products to address the unmet medical needs of patients with chronic and life-threatening diseases primarily in the United States and Europe. The company's commercial therapies include Remodulin, an infused formulation of the prostacyclin analogue treprostinil for subcutaneous and intravenous administration to diminish symptoms associated with exercise in pulmonary arterial hypertension (PAH) patients; Tyvaso, an inhaled formulation of treprostinil to enhace the exercise ability in PAH patients; Orenitram, a tablet dosage form of treprostinil to enhance the exercise capacity in PAH patients; Adcirca, an oral PDE-5 inhibitor to enhance the exercise ability in PAH patients; and Unituxin, a monoclonal antibody for treating neuroblastoma.
Further Reading: What is meant by a buy rating?
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