United Therapeutics Corporation (UTHR) Shares Sold by Prudential Financial Inc.
Prudential Financial Inc. trimmed its position in United Therapeutics Corporation (NASDAQ:UTHR) by 55.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,916 shares of the biotechnology company’s stock after selling 292,648 shares during the quarter. Prudential Financial Inc. owned about 0.55% of United Therapeutics Corporation worth $27,764,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Eagle Global Advisors LLC purchased a new position in shares of United Therapeutics Corporation in the second quarter worth about $206,000. TLP Group LLC purchased a new position in shares of United Therapeutics Corporation in the second quarter worth about $246,000. HPM Partners LLC raised its stake in shares of United Therapeutics Corporation by 0.8% in the second quarter. HPM Partners LLC now owns 1,981 shares of the biotechnology company’s stock worth $257,000 after purchasing an additional 15 shares during the last quarter. Fort L.P. raised its stake in shares of United Therapeutics Corporation by 5.2% in the second quarter. Fort L.P. now owns 2,014 shares of the biotechnology company’s stock worth $261,000 after purchasing an additional 99 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new position in United Therapeutics Corporation during the second quarter valued at approximately $277,000.
In other news, CEO Martine A. Rothblatt sold 1,260 shares of United Therapeutics Corporation stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $121.46, for a total value of $153,039.60. Following the sale, the chief executive officer now directly owns 1,400 shares of the company’s stock, valued at $170,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martine A. Rothblatt sold 1,274 shares of United Therapeutics Corporation stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $116.07, for a total value of $147,873.18. Following the completion of the sale, the chief executive officer now directly owns 2,343 shares in the company, valued at $271,952.01. The disclosure for this sale can be found here. Insiders sold 16,818 shares of company stock valued at $2,071,702 over the last 90 days. Company insiders own 7.80% of the company’s stock.
Shares of United Therapeutics Corporation (NASDAQ:UTHR) opened at $120.22 on Thursday. The company has a market capitalization of $5,123.97, a P/E ratio of 10.46 and a beta of 1.38. United Therapeutics Corporation has a 12-month low of $112.01 and a 12-month high of $169.89.
United Therapeutics Corporation (NASDAQ:UTHR) last posted its quarterly earnings data on Wednesday, October 25th. The biotechnology company reported $6.27 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $2.26. The business had revenue of $445.50 million during the quarter, compared to analysts’ expectations of $426.43 million. United Therapeutics Corporation had a return on equity of 26.24% and a net margin of 30.50%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.23 earnings per share. analysts forecast that United Therapeutics Corporation will post 11.92 EPS for the current fiscal year.
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Several brokerages recently weighed in on UTHR. Cowen and Company reiterated a “hold” rating and set a $129.00 price target on shares of United Therapeutics Corporation in a research report on Friday, October 27th. HC Wainwright reiterated a “hold” rating and set a $95.00 price target on shares of United Therapeutics Corporation in a research report on Thursday, October 26th. Zacks Investment Research upgraded United Therapeutics Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, October 9th. TheStreet cut United Therapeutics Corporation from a “b-” rating to a “c” rating in a research report on Friday, September 29th. Finally, ValuEngine upgraded United Therapeutics Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $132.82.
United Therapeutics Corporation Profile
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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