Hartford Investment Management Co. reduced its stake in Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 6.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor held 6,991 shares of the healthcare provider after selling 483 shares during the quarter. Hartford Investment Management Co.’s holdings in Universal Health Services were worth $1,013,000 at the end of the most recent reporting period.
Several other hedge funds have also recently increased or reduced their stakes in UHS. LPL Financial LLC increased its equity stake in Universal Health Services by 10.9% in the third quarter. LPL Financial LLC now owns 11,387 shares of the healthcare provider worth $1,576,000 after buying an additional 1,119 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Universal Health Services by 89.0% in the third quarter. Thrivent Financial for Lutherans now owns 6,329 shares of the healthcare provider worth $876,000 after acquiring 2,980 additional shares last quarter. Cetera Advisor Networks LLC bought a new position in Universal Health Services in the third quarter worth approximately $278,000. Crossmark Global Holdings Inc. bought a new position in Universal Health Services in the fourth quarter worth approximately $221,000. Finally, Stratos Wealth Partners LTD. increased its position in Universal Health Services by 7.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,814 shares of the health service provider worth $495,000 after acquiring an additional 270 shares last quarter. 89.41% of the shares are currently held by hedge funds and other institutional investors.
UHS has been the subject of several recent research reports. SVB Leerink lowered its price target on Universal Health Services from $132.00 to $108.00 and set a “market performance” rating for the company in a Thursday, June 30 research report. The Royal Bank of Canada lowered its target price on universal health services from $149.00 to $130.00 in a research report Wednesday, April 27. Loop Capital began covering universal health services in a research report on Thursday, June 16. They set a “holding” rating and a target price of $115.00 for the company. StockNews.com downgraded Universal Health Services from a “buy” rating to a “hold” rating in a Friday, April 29 research report. Finally, TheStreet downgraded universal health services from a “b-” grade to a “c+” grade in a Tuesday, June 21 research report. Four analysts have assigned the stock a sell rating, four have issued a hold rating and six have assigned the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $139.57.
Shares of NYSE: UHS opened at $105.97 on Tuesday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 9.29, a growth price-to-earnings ratio of 4.64 and a beta of 1.16. Universal Health Services, Inc. has a 52 week minimum of $98.89 and a 52 week maximum of $165.00. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt ratio of 0.71. The company has a 50-day moving average of $117.35 and a 200-day moving average of $131.21.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly earnings data on Monday, April 25. The healthcare provider reported EPS of $2.15 for the quarter, missing analyst consensus estimates of $2.47 per ($0.32). The company posted revenue of $3.29 billion in the quarter, versus a consensus estimate of $3.24 billion. Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The company’s quarterly revenue increased 9.3% year over year. During the same period last year, the company achieved EPS of $2.44. On average, sell-side analysts expect Universal Health Services, Inc. to post 9.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Wednesday June 1 received a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, May 31. Universal Health Services’ dividend payout ratio (DPR) is 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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