United Therapeutics (NASDAQ:UTHR) had its price target trimmed by Credit Suisse Group from $120.00 to $115.00 in a research note released on Thursday. The brokerage currently has an underperform rating on the biotechnology company’s stock.
A number of other analysts have also recently commented on UTHR. HC Wainwright reaffirmed a hold rating and issued a $95.00 price target on shares of United Therapeutics in a research note on Thursday, October 26th. ValuEngine cut United Therapeutics from a strong-buy rating to a buy rating in a research note on Friday, February 2nd. BidaskClub cut United Therapeutics from a hold rating to a sell rating in a research note on Tuesday, January 16th. TheStreet raised United Therapeutics from a c+ rating to a b rating in a research note on Friday, December 15th. Finally, Cowen reaffirmed a hold rating and issued a $129.00 price target on shares of United Therapeutics in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $137.08.
Shares of United Therapeutics (UTHR) traded down $4.62 during mid-day trading on Thursday, hitting $117.55. The stock had a trading volume of 1,086,800 shares, compared to its average volume of 448,546. The company has a market cap of $5,282.60, a PE ratio of 11.14 and a beta of 1.26. United Therapeutics has a one year low of $112.01 and a one year high of $153.58.
In related news, Director Christopher Causey sold 580 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $134.72, for a total transaction of $78,137.60. Following the completion of the sale, the director now directly owns 1,555 shares of the company’s stock, valued at approximately $209,489.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Martine A. Rothblatt sold 1,241 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $128.95, for a total transaction of $160,026.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,822 shares of company stock valued at $238,301. 7.80% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of UTHR. Wedge Capital Management L L P NC grew its stake in shares of United Therapeutics by 2,725.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 324,631 shares of the biotechnology company’s stock worth $48,029,000 after acquiring an additional 313,143 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of United Therapeutics by 30.3% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 970,846 shares of the biotechnology company’s stock worth $113,773,000 after acquiring an additional 225,953 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of United Therapeutics by 14.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,462,378 shares of the biotechnology company’s stock valued at $216,359,000 after buying an additional 189,378 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of United Therapeutics by 28.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 640,475 shares of the biotechnology company’s stock valued at $76,065,000 after buying an additional 139,976 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of United Therapeutics by 24.5% in the 3rd quarter. APG Asset Management N.V. now owns 652,000 shares of the biotechnology company’s stock valued at $76,408,000 after buying an additional 128,404 shares during the last quarter.
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United Therapeutics Company 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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