NuWave Investment Management LLC reduced its stake in shares of Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 62.2% in Q1, according to its most recent Form 13F filing with the SEC. The institutional investor owned 881 shares of the healthcare provider after selling 1,449 shares during the period. NuWave Investment Management LLC’s holdings in Universal Health Services were worth $128,000 when it last filed with the SEC.
Other institutional investors and hedge funds have also recently changed their positions in the company. MML Investors Services LLC increased its stake in Universal Health Services by 170.7% in the third quarter. MML Investors Services LLC now owns 4,187 shares of the healthcare provider worth $579,000 after buying an additional 2,640 shares in the last quarter. LPL Financial LLC increased its stake in Universal Health Services by 10.9% in the third quarter. LPL Financial LLC now owns 11,387 shares of the healthcare provider valued at $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% during the third quarter. Thrivent Financial for Lutherans now owns 6,329 shares of the healthcare provider worth $876,000 after buying 2,980 additional shares during the period. National Asset Management Inc. increased its stake in Universal Health Services by 32.1% during the third quarter. National Asset Management Inc. now owns 3,861 shares of the healthcare provider worth $546,000 after acquiring 938 additional shares in the last quarter. Finally, Cetera Advisor Networks LLC acquired a new position in Universal Health Services in Q3, valued at approximately $278,000. Institutional investors hold 89.41% of the company’s shares.
UHS has been the subject of a number of recent research reports. Seaport Res Ptn downgraded Universal Health Services from a “buy” rating to a “neutral” rating in a Sunday, February 27, report. StockNews.com downgraded universal health services from a “buy” rating to a “hold” rating in a Friday, April 29 research report. The Royal Bank of Canada reduced its target price on universal health services from $149.00 to $130.00 in a Wednesday, April 27 report. Wells Fargo & Company cut its price target on Universal Health Services stock from $139.00 to $118.00 in a Thursday, April 28 research report. Finally, UBS Group raised its price target on Universal Health Services shares from $124.00 to $134.00 and gave the company a “sell” rating in a Monday, March 7, report. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned the company a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $148.23.
UHS stock opened at $105.39 on Friday. The stock’s 50-day simple moving average is $123.21 and its 200-day simple moving average is $132.27. The company has a market capitalization of $7.88 billion, a P/E ratio of 9.24, a price-to-earnings growth ratio of 2.20 and a beta of 1.10. The company has a debt ratio of 0.71, a quick ratio of 0.98 and a current ratio of 1.07. Universal Health Services, Inc. has a fifty-two week minimum of $99.54 and a fifty-two week maximum of $165.00.
Universal health services (NYSE: UHS – Get a rating) last released its results on Monday, April 25. The healthcare provider reported earnings per share of $2.15 for the quarter, missing analyst consensus estimates 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. In the same period a year earlier, the company earned earnings per share of $2.44. Universal Health Services revenue for the quarter increased 9.3% compared to the same quarter last year. Stock analysts predict Universal Health Services, Inc. will post 11.38 earnings per share 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 a dividend of $0.80 on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, May 31. Universal Health Services’ dividend payout ratio is currently 7.01%.
Universal Health Services said its board of directors on Thursday (Feb. 24) authorized a stock repurchase plan that sees the company repurchase $1.40 billion in outstanding stock. This repurchase authorization allows the health service provider to purchase up to 12.1% of its shares through open market purchases. Stock repurchase plans often indicate that the company’s board believes its stock is undervalued.
About 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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