Universal American Corp. (UAM) Sees Unusually-High Trading Volume
Shares of Universal American Corp. (NYSE:UAM) saw unusually-strong trading volume on Thursday . Approximately 740,643 shares changed hands during trading, an increase of 352% from the previous session’s volume of 164,029 shares.The stock last traded at $6.95 and had previously closed at $7.06.
Several equities research analysts recently weighed in on UAM shares. Zacks Investment Research cut shares of Universal American Corp. from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, July 20th. Leerink Swann reaffirmed a “hold” rating on shares of Universal American Corp. in a research report on Wednesday, June 22nd. Finally, Wedbush reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Universal American Corp. in a research report on Monday, June 20th.
The company has a 50-day moving average price of $7.47 and a 200-day moving average price of $7.40. The company’s market capitalization is $444.98 million.
Universal American Corp. (NYSE:UAM) last released its earnings results on Thursday, August 4th. The company reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business had revenue of $346 million for 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 forecast that Universal American Corp. will post $0.20 EPS for the current fiscal year.
In other news, Director Thomas Scully sold 6,999,200 shares of Universal American Corp. stock in a transaction on Monday, June 27th. The stock was sold at an average price of $6.80, for a total transaction of $47,594,560.00. Following the sale, the director now directly owns 100,000 shares in the company, valued at approximately $680,000. The transaction 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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