IFM Investors Pty Ltd increased its stake in Universal Health Services, Inc. (NYSE: UHS – Get a rating) by 9.8% in the 1st quarter, HoldingsChannel.com reports. The company held 11,313 shares of the healthcare provider after buying an additional 1,013 shares during the quarter. IFM Investors Pty Ltd’s holdings in Universal Health Services were worth $1,640,000 at the end of the last quarter.
A number of other major investors have also recently changed their stances in the company. CHURCHILL MANAGEMENT Corp acquired a new stake in Universal Health Services during the first quarter valued at approximately $9,125,000. Atalanta Sosnoff Capital LLC increased its stake in Universal Health Services by 17.6% during the first quarter. Atalanta Sosnoff Capital LLC now owns 69,710 shares of the healthcare provider worth $10,104,000 after acquiring an additional 10,425 shares in the last quarter. DNB Asset Management AS acquired a new stake in Universal Health Services during the first quarter worth approximately $1,645,000. Pacer Advisors Inc. increased its stake in Universal Health Services by 93.5% during the first quarter. Pacer Advisors Inc. now owns 7,256 shares of the healthcare provider worth $1,052,000 after acquiring 3,506 additional shares in the last quarter. Finally, Birch Capital Management LLC increased its stake in Universal Health Services by 144.4% during the first quarter. Birch Capital Management LLC now owns 1,953 shares of the healthcare provider worth $283,000 after acquiring 1,154 additional shares in the last quarter. Institutional investors hold 89.41% of the company’s shares.
UHS has been the subject of several research analyst reports. Wells Fargo & Company lowered its price target on Universal Health Services from $139.00 to $118.00 in a Thursday, April 28 research note. Mizuho cut its target price on Universal Health Services from $153.00 to $121.00 and set a “buy” rating for the company in a research report on Friday. Loop Capital assumed universal health service coverage in a Thursday, June 16 research report. They issued a “holding” rating and a target price of $115.00 for the company. TheStreet downgraded universal health services from a “b-” grade to a “c+” grade in a Tuesday, June 21 research report. Finally, the Royal Bank of Canada reduced its target price on universal health services from $149.00 to $130.00 in a research report on Wednesday, April 27. Four equity research analysts gave the stock a sell rating, four gave the company a hold rating and six gave the company a buy rating. Based on MarketBeat data, Universal Health Services currently has an average rating of “Hold” and an average price target of $142.23.
Shares of UHS opened at $105.97 on Friday. The company has a market capitalization of $7.93 billion, a P/E ratio of 9.29, a P/E/G ratio of 2.33 and a beta of 1.10. Universal Health Services, Inc. has a one-year minimum of $98.89 and a one-year maximum of $165.00. The company has a debt ratio of 0.71, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a 50-day moving average price of $118.01 and a 200-day moving average price of $131.33.
Universal health services (NYSE: UHS – Get a rating) last reported quarterly earnings data on Monday, April 25. The healthcare service provider reported earnings per share (EPS) of $2.15 for the quarter, missing the consensus estimate of $2.47 per ($0.32). Universal Health Services posted a net margin of 7.25% and a return on equity of 15.06%. The company posted revenue of $3.29 billion for the quarter, versus analyst estimates of $3.24 billion. In the same quarter of the previous year, the company achieved EPS of $2.44. The company’s quarterly revenue increased by 9.3% compared to the same quarter last year. As a group, equity research analysts expect Universal Health Services, Inc. to post earnings per share of 11.38 for the current fiscal 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 yield of 0.75%. The ex-dividend date was Tuesday, May 31. Universal Health Services’ payout ratio 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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