Universal Health Services, Inc. (NYSE: UHS – Get a rating) was the target of a sharp fall in short-term interest rates in October. As of October 31, there was short interest totaling 2,070,000 shares, a decrease of 39.5% from the total of 3,420,000 shares as of October 15. Approximately 3.3% of the company’s shares are sold short. Based on an average daily volume of 731,700 shares, the day-to-cover ratio is currently 2.8 days.
Institutional investors weigh in on universal health services
Several institutional investors and hedge funds have recently changed their positions in UHS. National Bank of Canada FI increased its position in Universal Health Services shares by 4,969.3% during the second quarter. National Bank of Canada FI now owns 511,950 shares of the healthcare provider valued at $51,636,000 after buying an additional 501,851 shares last quarter. AQR Capital Management LLC increased its holdings in Universal Health Services by 393.4% in the second quarter. AQR Capital Management LLC now owns 568,870 shares of the healthcare provider worth $57,248,000 after acquiring an additional 453,569 shares in the last quarter. The Bank of Nova Scotia increased its holdings in Universal Health Services by 273.2% in the second quarter. The Bank of Nova Scotia now owns 369,581 shares of the health service provider worth $37,221,000 after acquiring an additional 270,548 shares last quarter. Goldman Sachs Group Inc. increased its stake in Universal Health Services by 45.4% in the second quarter. Goldman Sachs Group Inc. now owns 802,139 shares of the healthcare provider worth $80,784,000 after acquiring an additional 250,295 shares last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Universal Health Services by 12.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,788,886 shares of the healthcare provider worth $157,743,000 after acquiring an additional 197,974 shares last quarter. Institutional investors hold 88.93% of the company’s shares.
Universal healthcare services trade up 3.0%
Shares of UHS stock traded at $3.65 on Friday, reaching $125.45. The company had a trading volume of 17,781 shares, compared to its average volume of 863,229. The company has a market capitalization of $9.15 billion, a P/E ratio of 12.53, a P /E/G of 3.92 and a beta of 1.29. The stock’s 50-day moving average is $99.50 and its two-hundred-day moving average is $108.09. The company has a debt ratio of 0.79, a quick ratio of 1.15 and a current ratio of 1.27. Universal Health Services has a 12-month minimum of $82.50 and a 12-month maximum of $158.28.
Universal health services (NYSE: UHS – Get a rating) last released its quarterly results on Tuesday, October 25. The healthcare service provider reported earnings per share of $2.54 for the quarter, beating the consensus estimate of $2.40 by $0.14. The company posted revenue of $3.34 billion in the quarter, versus $3.28 billion expected by analysts. Universal Health Services had a return on equity of 12.49% and a net margin of 5.59%. The company’s quarterly revenue increased 5.7% year over year. In the same quarter a year earlier, the company posted earnings per share of $2.67. On average, stock research analysts expect Universal Health Services to post earnings per share of 9.84 for the current fiscal year.
Wall Street analysts predict growth
A number of analysts have weighed in on the company recently. Barclays reduced its target price on universal health services from $133.00 to $115.00 in a Friday July 29 research report. Credit Suisse Group reduced its target price on Universal Health Services to $129.00 in a Tuesday, September 6 research report. Stephens raised its target price on Universal Health Services to $110.00 and gave the company an “outperforming” rating in a Wednesday, July 27 research report. Mizuho raised its target price on Universal Health Services from $121.00 to $126.00 and gave the company a “buy” rating in a Wednesday, Nov. 2 research report. Finally, Cowen lowered its price target on Universal Health Services to $119.00 in a Tuesday, August 9 research report. Five research analysts gave the stock a sell rating, four gave the company a hold rating and three gave the company a buy rating. According to MarketBeat.com, Universal Health Services currently has a consensus rating of “Hold” and a consensus price target of $119.86.
About Universal Health Services
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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