Assenagon Asset Management SA acquired a new position in shares of Universal Health Services, Inc. (NYSE: UHS – Get a rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company acquired 17,216 shares of the healthcare provider, valued at approximately $2,495,000.
Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Spire Wealth Management increased its stake in shares of Universal Health Services by 131.1% during the 1st quarter. Spire Wealth Management now owns 208 shares of the healthcare provider worth $30,000 after buying 118 more shares last quarter. National Bank of Canada FI bought a new stake in the shares of Universal Health Services during the 4th quarter for a value of approximately $32,000. Quent Capital LLC purchased a new stake in shares of Universal Health Services during Q4 for a value of approximately $43,000. Covestor Ltd purchased a new stake in shares of Universal Health Services during Q4 for a value of approximately $61,000. Finally, Schroder Investment Management Group increased its stake in shares of Universal Health Services by 119.1% during the 4th quarter. Schroder Investment Management Group now owns 4,930 shares of the healthcare provider worth $64,000 after buying an additional 2,680 shares last quarter. 89.41% of the shares are held by institutional investors.
UHS has been the subject of a number of recent analyst reports. TheStreet downgraded Universal Health Services from a “b-” grade to a “c+” grade in a Tuesday, June 21 research note. Mizuho cut its price target on Universal Health Services from $153.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, July 1. Wells Fargo & Company cut its price target on Universal Health Services from $139.00 to $118.00 in a Thursday, April 28 research note. Stephens cut his price target on Universal Health Services to $105.00 in a Monday, July 4, research note. Finally, Credit Suisse Group cut its price target on Universal Health Services from $156.00 to $141.00 and set an “outperform” rating on the stock in a Friday, July 1 research note. Five investment analysts gave the stock a sell rating, four issued a hold rating and five gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.00.
Shares of NYSE: UHS opened at $102.05 on Thursday. Universal Health Services, Inc. has a 1-year minimum of $98.89 and a 1-year maximum of $165.00. The company has a market capitalization of $7.63 billion, a PE ratio of 8.94, a PEG ratio of 4.81 and a beta of 1.16. The company’s 50-day moving average is $114.32 and its 200-day moving average is $129.97. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt ratio of 0.71.
Universal health services (NYSE: UHS – Get a rating) last reported quarterly earnings data on Monday, April 25. The healthcare provider reported earnings per share of $2.15 for the quarter, missing the consensus estimate of $2.47 per ($0.32). Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The company posted revenue of $3.29 billion for the quarter, versus analyst estimates of $3.24 billion. During the same period a year earlier, the company posted EPS of $2.44. Universal Health Services revenue for the quarter increased 9.3% compared to the same quarter last year. On average, sell-side analysts expect Universal Health Services, Inc. to post EPS of 9.23 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a dividend yield of 0.78%. The ex-dividend date was Tuesday, May 31. The rate of distribution of universal health services is currently 7.01%.
Profile of universal health services (Get a rating)
Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.
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