Universal American Corp. (UAM) Stock Price Up 1.7%
Universal American Corp. (NYSE:UAM) shares rose 1.7% during trading on Wednesday . The company traded as high as $7.41 and last traded at $7.00, with a volume of 213,378 shares changing hands. The stock had previously closed at $6.88.
UAM has been the topic of a number of analyst reports. Wedbush reissued a “neutral” rating and set a $8.00 price objective on shares of Universal American Corp. in a report on Monday, June 20th. Zacks Investment Research raised Universal American Corp. from a “sell” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Tuesday, August 9th. Finally, Leerink Swann reissued a “hold” rating and set a $8.00 price objective on shares of Universal American Corp. in a report on Thursday, June 16th.
The stock’s 50 day moving average price is $7.38 and its 200-day moving average price is $7.43. The firm’s market cap is $472.95 million.
Universal American Corp. (NYSE:UAM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. During the same period last year, the firm posted $0.02 EPS. The company 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% compared to the same quarter last year. On average, equities research analysts forecast 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 Universal American Corp. 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 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 can be accessed 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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