Allspring Global Investments Holdings LLC Has $52.05 Million Stock Holdings in United Therapeutics Corporation $UTHR

Allspring Global Investments Holdings LLC grew its holdings in shares of United Therapeutics Corporation (NASDAQ:UTHRFree Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,785 shares of the biotechnology company’s stock after buying an additional 14,976 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.24% of United Therapeutics worth $52,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in UTHR. AE Wealth Management LLC raised its position in United Therapeutics by 396.3% in the 3rd quarter. AE Wealth Management LLC now owns 4,288 shares of the biotechnology company’s stock valued at $1,798,000 after buying an additional 3,424 shares during the last quarter. Great Lakes Advisors LLC grew its stake in shares of United Therapeutics by 194.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 4,503 shares of the biotechnology company’s stock worth $1,888,000 after acquiring an additional 2,975 shares in the last quarter. Optimize Financial Inc bought a new stake in shares of United Therapeutics in the 3rd quarter worth $444,000. Simplify Asset Management Inc. purchased a new stake in shares of United Therapeutics in the third quarter valued at about $8,351,000. Finally, Osaic Holdings Inc. lifted its position in shares of United Therapeutics by 271.0% during the second quarter. Osaic Holdings Inc. now owns 46,082 shares of the biotechnology company’s stock valued at $14,027,000 after purchasing an additional 33,662 shares in the last quarter. 94.08% of the stock is owned by institutional investors.

United Therapeutics Stock Down 3.8%

UTHR opened at $570.27 on Thursday. United Therapeutics Corporation has a twelve month low of $266.98 and a twelve month high of $607.89. The company’s 50-day moving average price is $502.93 and its two-hundred day moving average price is $476.94. The stock has a market cap of $24.99 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.72 and a beta of 0.75.

United Therapeutics (NASDAQ:UTHRGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The biotechnology company reported $7.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.78 by $0.92. The company had revenue of $790.20 million during the quarter, compared to analyst estimates of $814.80 million. United Therapeutics had a net margin of 41.94% and a return on equity of 19.30%. United Therapeutics’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $6.19 EPS. As a group, sell-side analysts anticipate that United Therapeutics Corporation will post 24.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group upped their price objective on shares of United Therapeutics from $655.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Royal Bank Of Canada boosted their target price on United Therapeutics from $587.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of United Therapeutics in a report on Monday, December 29th. Bank of America increased their price target on United Therapeutics from $569.00 to $626.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, HC Wainwright lifted their price target on United Therapeutics from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $586.00.

Get Our Latest Research Report on United Therapeutics

Insider Buying and Selling at United Therapeutics

In other United Therapeutics news, CEO Martine A. Rothblatt sold 9,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $489.91, for a total value of $4,654,145.00. Following the completion of the sale, the chief executive officer directly owned 130 shares of the company’s stock, valued at $63,688.30. This trade represents a 98.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Michael Benkowitz sold 22,500 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $471.91, for a total value of $10,617,975.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 333,820 shares of company stock valued at $165,495,478. Company insiders own 10.30% of the company’s stock.

Key United Therapeutics News

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United Therapeutics Company Profile

(Free Report)

United Therapeutics Corporation (NASDAQ: UTHR) is a biotechnology company dedicated to the development and commercialization of unique products to address life-threatening illnesses. The company’s primary focus has been on pulmonary arterial hypertension (PAH), where it has launched several therapies designed to improve functional capacity and quality of life for patients. Its marketed products include continuous infusion treprostinil (Remodulin), inhaled treprostinil (Tyvaso), oral treprostinil (Orenitram) and tadalafil (Adcirca), each tailored to different modes of administration and patient needs.

Further Reading

Institutional Ownership by Quarter for United Therapeutics (NASDAQ:UTHR)

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