Huntington National Bank increased its stake in shares of Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 21,393.3% during the 1st quarter, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The institutional investor held 3,224 shares of the healthcare service provider after purchasing an additional 3,209 shares during the period. Huntington National Bank’s holdings in Universal Health Services were worth $467,000 at the end of the last quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Nuance Investments LLC increased its equity stake in Universal Health Services by 150.6% during the 4th quarter. Nuance Investments LLC now owns 1,750,343 shares of the healthcare provider valued at $226,949,000 after acquiring an additional 1,051,850 shares in the last quarter. First Eagle Investment Management LLC increased its position in Universal Health Services by 14.0% during the fourth quarter. First Eagle Investment Management LLC now owns 4,099,131 shares of the healthcare provider worth $531,493,000 after purchasing an additional 502,100 shares during the period. Invesco Ltd. increased its holdings in Universal Health Services by 9.2% during the fourth quarter. Invesco Ltd. now owns 3,811,217 shares of the healthcare provider valued at $494,162,000 after purchasing an additional 321,368 shares in the last quarter. JPMorgan Chase & Co. raised its position in Universal Health Services shares 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,947,621 shares of the healthcare provider valued at $252,528,000 after purchasing an additional 135,767 shares during the period. Finally, Squarepoint Ops LLC increased its position in Universal Health Services shares by 6,948.5% in the fourth quarter. Squarepoint Ops LLC now owns 107,137 shares of the healthcare provider valued at $13,891,000 after purchasing an additional 105,617 shares during the period. 89.41% of the shares are currently held by institutional investors.
Universal healthcare services trade down 0.3%
Shares of UHS stock opened at $107.98 on Monday. The company has a debt ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.22. The company has a fifty-day moving average of $107.05 and a 200-day moving average of $125.85. Universal Health Services, Inc. has a 52-week low of $98.63 and a 52-week high of $158.28. The stock has a market capitalization of $7.88 billion, a price/earnings ratio of 11.00, a P/E/G ratio of 3.47 and a beta of 1.18.
Universal health services (NYSE: UHS – Get a rating) last announced its quarterly results on Monday, July 25. The healthcare provider reported EPS of $2.20 for the quarter, beating analysts’ consensus estimate of $2.10 by $0.10. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.88%. The company posted revenue of $3.32 billion in the quarter, versus $3.27 billion expected by analysts. In the same quarter last year, the company earned earnings per share of $3.76. The company’s revenue for the quarter increased by 3.9% compared to the same quarter last year. On average, stock research analysts expect Universal Health Services, Inc. to post earnings per share of 9.89 for the current fiscal year.
Universal Health Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Thursday, September 1 will receive a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 31. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.74%. The universal health services payout ratio is currently 8.15%.
Wall Street analysts predict growth
A number of research analysts have recently released reports on UHS stocks. Cowen lowered his target price on Universal Health Services stock to $119.00 in a Tuesday, Aug. 9 research note. Stephens raised its price target on Universal Health Services to $110.00 and gave the stock an “outperform” rating in a Wednesday, July 27 research note. TheStreet upgraded universal healthcare services from a “b-” grade to a “c+” grade in a Tuesday, June 21 research report. Barclays lowered its target price on universal health services from $133.00 to $115.00 in a Friday July 29 report. Finally, Goldman Sachs Group cut its price target on Universal Health Services from $125.00 to $110.00 and set a “sell” rating for the company in a Tuesday, July 12 report. Five equity research analysts gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $123.00.
Universal Health Services Company Profile
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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