Wealth Enhancement Advisory Services LLC purchased a new position in shares of Universal Health Services, Inc. (NYSE:UHS – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,023 shares of the health services provider’s stock, valued at approximately $2,726,000.
Several other hedge funds also recently modified their holdings of UHS. Allspring Global Investments Holdings LLC bought a new position in shares of Universal Health Services during the fourth quarter worth about $188,455,000. Camber Capital Management LP lifted its stake in Universal Health Services by 87.1% during the third quarter. Camber Capital Management LP now owns 1,450,000 shares of the health services provider’s stock worth $200,637,000 after purchasing an additional 675,000 shares during the last quarter. American Century Companies Inc. lifted its stake in Universal Health Services by 15.6% during the fourth quarter. American Century Companies Inc. now owns 2,269,854 shares of the health services provider’s stock worth $294,310,000 after purchasing an additional 307,066 shares during the last quarter. Invesco Ltd. lifted its stake in Universal Health Services by 9.4% during the third quarter. Invesco Ltd. now owns 3,489,849 shares of the health services provider’s stock worth $482,890,000 after purchasing an additional 300,401 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its stake in Universal Health Services by 2,683.8% during the third quarter. Clark Capital Management Group Inc. now owns 150,075 shares of the health services provider’s stock worth $20,766,000 after purchasing an additional 144,684 shares during the last quarter. 86.00% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. SVB Leerink raised their target price on shares of Universal Health Services from $136.00 to $139.00 and gave the stock a “market perform” rating in a report on Monday, February 28th. Wells Fargo & Company cut their target price on shares of Universal Health Services from $139.00 to $118.00 in a report on Thursday. Seaport Res Ptn downgraded shares of Universal Health Services from a “buy” rating to a “neutral” rating in a report on Sunday, February 27th. UBS Group upped their price target on shares of Universal Health Services from $124.00 to $134.00 and gave the stock a “sell” rating in a research report on Monday, March 7th. Finally, Royal Bank of Canada lowered their price target on shares of Universal Health Services from $149.00 to $130.00 in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Universal Health Services presently has an average rating of “Hold” and a consensus price target of $150.54.
NYSE:UHS opened at $122.53 on Friday. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Universal Health Services, Inc. has a twelve month low of $116.23 and a twelve month high of $165.00. The company has a 50-day moving average of $144.57 and a 200-day moving average of $134.67.
Universal Health Services (NYSE:UHS – Get Rating) last issued its earnings results on Monday, April 25th. The health services provider reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.32). Universal Health Services had a net margin of 7.25% and a return on equity of 15.06%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the business posted $2.44 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts forecast that Universal Health Services, Inc. will post 12 earnings per share for the current year.
Universal Health Services announced that its Board of Directors has approved a share repurchase plan on Thursday, February 24th that permits the company to repurchase $1.40 billion in outstanding shares. This repurchase authorization permits the health services provider to repurchase up to 12.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Universal Health Services Company Profile (Get Rating)
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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