Universal American Corp. (NYSE:UAM)’s share price was 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 equities analysts have recently weighed in on UAM shares. Zacks Investment Research upgraded Universal American Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Leerink Swann restated a “hold” rating and issued a $8.00 target price on shares of Universal American Corp. in a research note on Thursday, June 16th. Finally, Wedbush restated a “neutral” rating and issued a $8.00 target price on shares of Universal American Corp. in a research note on Monday, June 20th.

The company’s market cap 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 released its quarterly earnings results on Thursday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company earned $346 million during the quarter, compared to the consensus estimate of $404.48 million. Universal American Corp.’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. Equities analysts expect that Universal American Corp. will post $0.20 earnings per share for the current fiscal year.

In related news, Director Thomas Scully sold 6,999,200 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at $680,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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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