Universal American Corp. (UAM) Trading Down 3.2%
Shares of Universal American Corp. (NYSE:UAM) fell 3.2% during trading on Friday . The company traded as low as $6.72 and last traded at $6.73, with a volume of 172,053 shares traded. The stock had previously closed at $6.95.
A number of research firms have commented on UAM. Zacks Investment Research raised shares of Universal American Corp. from a “sell” rating to a “buy” rating and set a $8.00 target price for the company in a report on Tuesday, August 9th. Wedbush reissued a “neutral” rating and issued a $9.00 price target on shares of Universal American Corp. in a report on Thursday, August 4th. Finally, Leerink Swann reissued a “hold” rating on shares of Universal American Corp. in a report on Wednesday, June 22nd.
The stock’s market capitalization is $444.98 million. The stock’s 50-day moving average is $7.47 and its 200 day moving average is $7.40.
Universal American Corp. (NYSE:UAM) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ 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 revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 EPS. On average, equities research 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 that occurred 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 completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $680,000. The sale was disclosed in a legal filing with the SEC, which is available through 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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