Blueshift Asset Management LLC boosted its position in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 147.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,894 shares of the health services provider’s stock after purchasing an additional 6,498 shares during the quarter. Blueshift Asset Management LLC’s holdings in Universal Health Services were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other institutional investors and hedge funds have also bought and sold shares of UHS. AQR Capital Management LLC raised its position in shares of Universal Health Services by 393.4% during the 2nd quarter. AQR Capital Management LLC now owns 568,870 shares of the health services provider’s stock valued at $57,248,000 after buying an additional 453,569 shares in the last quarter. Bank of Nova Scotia raised its position in Universal Health Services by 273.2% in the 2nd quarter. Bank of Nova Scotia now owns 369,581 shares of the health services provider’s stock worth $37,221,000 after purchasing an additional 270,548 shares during the period. Goldman Sachs Group Inc. raised its position in Universal Health Services by 45.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 802,139 shares of the health services provider’s stock worth $80,784,000 after purchasing an additional 250,295 shares during the period. Allspring Global Investments Holdings LLC raised its position in Universal Health Services by 12.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,788,886 shares of the health services provider’s stock worth $157,743,000 after purchasing an additional 197,974 shares during the period. Finally, FMR LLC raised its position in Universal Health Services by 3.6% in the 2nd quarter. FMR LLC now owns 5,580,653 shares of the health services provider’s stock worth $562,028,000 after purchasing an additional 195,345 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Universal Health Services Stock Down 7.7 %
Universal Health Services stock traded down $11.28 during trading hours on Tuesday, hitting $134.76. The stock had a trading volume of 795,471 shares, compared to its average volume of 529,148. The company has a quick ratio of 1.15, a current ratio of 1.27 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $9.62 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 4.71 and a beta of 1.24. Universal Health Services, Inc. has a 12-month low of $82.50 and a 12-month high of $158.28. The stock’s 50-day moving average price is $145.98 and its 200-day moving average price is $122.08.
Universal Health Services (NYSE:UHS – Get Rating) last issued its earnings results on Monday, February 27th. The health services provider reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.06. Universal Health Services had a net margin of 5.59% and a return on equity of 12.49%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the company earned $2.95 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Universal Health Services, Inc. will post 9.81 EPS for the current fiscal year.
Universal Health Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.59%. Universal Health Services’s payout ratio is 8.23%.
Analyst Upgrades and Downgrades
UHS has been the topic of a number of recent analyst reports. UBS Group raised shares of Universal Health Services from a “sell” rating to a “neutral” rating and raised their price target for the stock from $113.00 to $167.00 in a report on Tuesday, January 24th. Stephens reissued an “equal weight” rating and issued a $155.00 price target on shares of Universal Health Services in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Universal Health Services from $130.00 to $168.00 in a research note on Tuesday, January 3rd. Bank of America raised shares of Universal Health Services from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $120.00 to $145.00 in a research note on Friday, December 16th. Finally, StockNews.com raised shares of Universal Health Services from a “hold” rating to a “buy” rating in a research note on Friday, December 23rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Health Services presently has an average rating of “Hold” and an average price target of $137.80.
Universal Health Services Company Profile
Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.
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