Universal American Corp. (UAM) Stock Price Down 3.3%
Shares of Universal American Corp. (NYSE:UAM) traded down 3.3% on Friday . The company traded as low as $7.03 and last traded at $7.03, with a volume of 69,330 shares. The stock had previously closed at $7.27.
A number of analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $9.00 target price on shares of Universal American Corp. in a report on Thursday, August 4th. Zacks Investment Research lowered shares of Universal American Corp. from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 20th. Finally, Leerink Swann reissued a “hold” rating on shares of Universal American Corp. in a research note on Wednesday, June 22nd.
The company’s market capitalization is $454.08 million. The company has a 50-day moving average price of $7.36 and a 200-day moving average price of $7.43.
Universal American Corp. (NYSE:UAM) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. During the same quarter in the prior year, the firm posted $0.02 EPS. The business earned $346 million during the quarter, compared to the consensus estimate of $404.48 million. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts expect that Universal American Corp. will post $0.20 earnings per share for the current year.
In related news, Director Thomas Scully sold 6,999,200 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $6.80, for a total value of $47,594,560.00. Following the sale, the director now owns 100,000 shares in the company, valued at $680,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Universal American Corp. provides an array of health insurance and managed care products and services to people covered by Medicare and Medicaid. The Company’s segments include Medicare Advantage, Management Services Organization (MSO) and Medicaid. Its Medicare Advantage segment contains the operations of its initiatives in managed care for seniors.
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