Universal American Corp. (UAM) Trading Up 1.7%
Shares of Universal American Corp. (NYSE:UAM) were up 1.7% on Wednesday . The stock traded as high as $7.41 and last traded at $7.00, with a volume of 213,378 shares traded. The stock had previously closed at $6.88.
Several analysts have recently weighed in on UAM shares. Zacks Investment Research lowered Universal American Corp. from a “strong-buy” rating to a “sell” rating in a report on Wednesday, July 20th. Leerink Swann reissued a “hold” rating on shares of Universal American Corp. in a report on Wednesday, June 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Universal American Corp. in a research note on Monday, June 20th.
The company’s market cap is $461.24 million. The company’s 50 day moving average is $7.42 and its 200 day moving average is $7.43.
Universal American Corp. (NYSE:UAM) last released its earnings results on Thursday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. During the same quarter in the previous year, the company posted $0.02 EPS. The company had revenue of $346 million for the quarter, compared to the consensus estimate of $404.48 million. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts forecast 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 company’s stock in a transaction dated 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 owns 100,000 shares in the company, valued at $680,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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.