The New Mexico Educational Retirement Board reduces its stake in Universal Health Services, Inc. (NYSE:UHS)

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The Educational Retirement Board of New Mexico reduced its position in Universal Health Services, Inc. (NYSE: UHSGet a rating) by 8.6% in Q1, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 4,250 shares of the healthcare provider after selling 400 shares during the quarter. The New Mexico Educational Retirement Board’s holdings in Universal Health Services were worth $616,000 when it last filed with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently changed their stakes in the company. Daiwa Securities Group Inc. increased its stake in shares of Universal Health Services by 1.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,501 shares of the healthcare provider valued at $584,000 after buying 85 additional shares during the period. CIBC Asset Management Inc. increased its position in Universal Health Services shares by 1.6% in the fourth quarter. CIBC Asset Management Inc. now owns 7,223 shares of the healthcare provider worth $937,000 after acquiring an additional 117 shares during the period. Parsons Capital Management Inc. RI increased its position in Universal Health Services shares by 1.7% in the fourth quarter. Parsons Capital Management Inc. RI now owns 8,612 shares of the healthcare provider valued at $1,117,000 after acquiring an additional 144 shares during the period. 180 Wealth Advisors LLC increased its position in Universal Health Services shares by 8.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 2,014 shares of the healthcare provider valued at $258,000 after acquiring an additional 161 shares during the period. Finally, Commerce Bank increased its position in Universal Health Services shares by 4.6% in the fourth quarter. Commerce Bank now owns 4,323 shares of the healthcare provider valued at $561,000 after acquiring an additional 189 shares during the period. 89.41% of the shares are held by institutional investors and hedge funds.

NYSE: UHS opened at $105.39 on Friday. Universal Health Services, Inc. has a one-year minimum of $99.54 and a one-year maximum of $165.00. The company has a debt ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. The company’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 PEG ratio of 2.20 and a beta of 1.10.

Universal health services (NYSE: UHSGet a rating) last released its quarterly earnings data on Monday, April 25. The healthcare provider reported EPS 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 a consensus estimate of $3.24 billion. During the same period of the previous year, the company achieved EPS of $2.44. The company’s revenue increased 9.3% year over year. On average, stock research analysts expect Universal Health Services, Inc. to post earnings per share of 11.38 for the current fiscal year.

Universal Health Services announced that its board of directors approved a stock repurchase program on Thursday, Feb. 24 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 buyback programs are usually a sign that the company’s board of directors believe its stock is undervalued.

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 per share. This represents an annualized dividend of $0.80 and a yield of 0.76%. The ex-dividend date was Tuesday, May 31. Universal Health Services’ payout ratio is currently 7.01%.

A number of research companies have published reports on UHS. Loop Capital began covering Universal Health Services stocks in a research report on Thursday, June 16. They issued a “holding” rating and a price target of $115.00 on the stock. Mizuho cut its price target on Universal Health Services stock from $164.00 to $153.00 in a Tuesday, May 3 research report. 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 research report. Credit Suisse Group lowered its price target on shares of Universal Health Services to $156.00 in a Friday, June 3 research report. Finally, Seaport Res Ptn cut shares of Universal Health Services from a “buy” rating to a “neutral” rating in a Sunday, February 27 research report. Four 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 company currently has an average rating of “Hold” and a consensus target price of $148.23.

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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Institutional Ownership by Quarter for Universal Health Services (NYSE: UHS)



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