Loop Capital analysts initiated a hedge on the shares of Universal health services (NYSE: UHS – Get a rating) in a note released Thursday to investors, Fly reports. The company has placed a “hold” rating on the shares of the healthcare provider.
A number of other stock analysts have also weighed in on the company recently. The Royal Bank of Canada lowered its price target on universal health services from $149.00 to $130.00 in a research report on Wednesday, April 27. StockNews.com downgraded universal health services from a “buy” rating to a “hold” rating in a Friday, April 29 research report. Credit Suisse Group cut its price target on universal health services to $156.00 in a Friday, June 3 report. Seaport Res Ptn upgraded Universal Health Services from a “buy” rating to a “neutral” rating in a Sunday, February 27, report. Finally, Mizuho reduced its price target on Universal Health Services from $164.00 to $153.00 in a Tuesday, May 3 research note. Four analysts gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, Universal Health Services has a consensus rating of “Hold” and a consensus target price of $151.00.
Shares of NYSE: UHS traded at $3.90 in Thursday’s midday session, hitting $101.54. The company had trading volume of 38,470 shares, compared to an average volume of 727,385. Universal Health Services has a 12-month low of $103.68 and a 12-month high of $165.00. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt ratio of 0.71. The stock has a market capitalization of $7.60 billion, a price/earnings ratio of 8.90, a PEG ratio of 2.46 and a beta of 1.10. The company has a fifty-day simple moving average of $128.52 and a 200-day simple moving average of $132.98.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly results 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 in the quarter, versus analyst estimates of $3.24 billion. During the same period of the previous year, the company achieved EPS of $2.44. The company’s revenue for the quarter increased by 9.3% compared to the same quarter last year. Stock analysts expect Universal Health Services to post an EPS of 11.38 for the current fiscal year.
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.
A number of large investors have recently bought and sold shares of UHS. Spire Wealth Management increased its stake in shares of Universal Health Services by 131.1% in the 1st quarter. Spire Wealth Management now owns 208 shares of the healthcare provider worth $30,000 after buying 118 more shares in the last quarter. National Bank of Canada FI bought a new stake in the shares of Universal Health Services during the 4th quarter for a value of approximately $32,000. Parallel Advisors LLC increased its stake in shares of Universal Health Services by 50.6% during the 1st quarter. Parallel Advisors LLC now owns 244 shares of the healthcare provider worth $36,000 after buying 82 more shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Universal Health Services during Q4 for a value of approximately $43,000. Finally, Ancora Advisors LLC increased its stake in Universal Health Services by 33.3% in the 1st quarter. Ancora Advisors LLC now owns 400 shares of the healthcare provider worth $53,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s shares.
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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