Universal Health Services, Inc. (NYSE:UHS – Get Rating)’s share price hit a new 52-week low on Thursday . The company traded as low as $100.56 and last traded at $101.51, with a volume of 2698 shares traded. The stock had previously closed at $105.44.
UHS has been the topic of several analyst reports. Credit Suisse Group reduced their price target on shares of Universal Health Services to $156.00 in a research report on Friday, June 3rd. Seaport Res Ptn lowered Universal Health Services from a “buy” rating to a “neutral” rating in a research note on Sunday, February 27th. Mizuho lowered their price target on Universal Health Services from $164.00 to $153.00 in a report on Tuesday, May 3rd. Wells Fargo & Company reduced their price objective on Universal Health Services from $139.00 to $118.00 in a research note on Thursday, April 28th. Finally, Citigroup boosted their target price on Universal Health Services from $162.00 to $167.00 in a research note on Tuesday, March 1st. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.00.
The company has a market capitalization of $7.54 billion, a P/E ratio of 9.24, a PEG ratio of 2.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. The company has a fifty day moving average price of $128.52 and a two-hundred day moving average price of $132.98.
Universal Health Services (NYSE:UHS – Get Rating) last posted its earnings results on Monday, April 25th. The health services provider reported $2.15 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.32). Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the prior year, the business earned $2.44 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Universal Health Services, Inc. will post 11.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were issued a $0.20 dividend. The ex-dividend date was Tuesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.79%. Universal Health Services’s payout ratio is 7.01%.
Universal Health Services declared that its Board of Directors has approved a stock buyback program on Thursday, February 24th that authorizes the company to buyback $1.40 billion in outstanding shares. This buyback authorization authorizes the health services provider to repurchase up to 12.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group acquired a new position in shares of Universal Health Services in the first quarter worth approximately $355,000. Verition Fund Management LLC bought a new position in Universal Health Services during the 1st quarter worth approximately $515,000. BNP Paribas Arbitrage SA lifted its position in shares of Universal Health Services by 64.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 35,598 shares of the health services provider’s stock worth $5,160,000 after purchasing an additional 13,892 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Universal Health Services in the 1st quarter valued at $1,718,000. Finally, Eaton Vance Management increased its position in shares of Universal Health Services by 0.5% during the first quarter. Eaton Vance Management now owns 23,297 shares of the health services provider’s stock worth $3,377,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.
Universal Health Services Company Profile (NYSE:UHS)
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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