Insider Selling: United Therapeutics Corporation (UTHR) CEO Sells $147,873.18 in Stock
United Therapeutics Corporation (NASDAQ:UTHR) CEO Martine A. Rothblatt sold 1,274 shares of United Therapeutics Corporation stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $116.07, for a total value of $147,873.18. Following the transaction, the chief executive officer now directly owns 2,343 shares in the company, valued at $271,952.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
United Therapeutics Corporation (NASDAQ UTHR) opened at 114.60 on Monday. United Therapeutics Corporation has a 52-week low of $110.90 and a 52-week high of $169.89. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 13.29 and a beta of 1.52. The company has a 50 day moving average price of $128.37 and a 200-day moving average price of $129.08.
United Therapeutics Corporation (NASDAQ:UTHR) last released its quarterly earnings data on Thursday, July 27th. The biotechnology company reported ($1.25) EPS for the quarter, missing analysts’ consensus estimates of $3.61 by ($4.86). The company had revenue of $444.60 million during the quarter, compared to the consensus estimate of $391.53 million. United Therapeutics Corporation had a net margin of 24.18% and a return on equity of 20.96%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.42 EPS. Equities research analysts anticipate that United Therapeutics Corporation will post $10.09 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in United Therapeutics Corporation in the first quarter valued at about $582,000. US Bancorp DE grew its stake in United Therapeutics Corporation by 5.9% in the first quarter. US Bancorp DE now owns 4,047 shares of the biotechnology company’s stock valued at $548,000 after acquiring an additional 225 shares during the period. World Asset Management Inc grew its stake in United Therapeutics Corporation by 9.9% in the first quarter. World Asset Management Inc now owns 2,885 shares of the biotechnology company’s stock valued at $391,000 after acquiring an additional 261 shares during the period. Sei Investments Co. grew its stake in United Therapeutics Corporation by 7.0% in the first quarter. Sei Investments Co. now owns 30,238 shares of the biotechnology company’s stock valued at $4,093,000 after acquiring an additional 1,975 shares during the period. Finally, Quantbot Technologies LP acquired a new position in United Therapeutics Corporation in the first quarter valued at about $403,000.
A number of research firms recently issued reports on UTHR. Jefferies Group LLC reaffirmed a “sell” rating and set a $105.00 target price on shares of United Therapeutics Corporation in a report on Friday, July 14th. ValuEngine lowered United Therapeutics Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. UBS AG reaffirmed a “sell” rating and set a $106.00 target price on shares of United Therapeutics Corporation in a report on Thursday, July 6th. BidaskClub raised United Therapeutics Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of United Therapeutics Corporation in a report on Friday, September 8th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $134.50.
About United Therapeutics Corporation
United Therapeutics Corporation is a biotechnology company. The Company is focused on the development and commercialization of products for the treatment of chronic and life-threatening conditions. The Company markets and sells four commercial therapies in the United States to treat pulmonary arterial hypertension (PAH): Remodulin (treprostinil) Injection; Tyvaso (treprostinil) Inhalation Solution (Tyvaso); Orenitram (treprostinil) Extended-Release Tablets (Orenitram); and Adcirca (tadalafil) Tablets (Adcirca).
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