SG Americas Securities LLC cut its position in Universal Health Services, Inc. (NYSE:UHS) by 18.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,073 shares of the health services provider’s stock after selling 1,607 shares during the quarter. SG Americas Securities LLC’s holdings in Universal Health Services were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of UHS. Janus Henderson Group PLC grew its stake in shares of Universal Health Services by 18,950.9% in the second quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock valued at $275,926,000 after buying an additional 2,248,333 shares in the last quarter. Wells Fargo & Company MN grew its stake in Universal Health Services by 160.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,445,313 shares of the health services provider’s stock worth $176,443,000 after purchasing an additional 890,490 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Universal Health Services during the 2nd quarter worth $63,140,000. Maverick Capital Ltd. grew its stake in Universal Health Services by 9.6% during the 2nd quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock worth $662,466,000 after purchasing an additional 473,763 shares in the last quarter. Finally, Glenview Capital Management LLC grew its stake in Universal Health Services by 15.1% during the 2nd quarter. Glenview Capital Management LLC now owns 1,973,545 shares of the health services provider’s stock worth $240,930,000 after purchasing an additional 259,081 shares in the last quarter. 86.13% of the stock is owned by institutional investors and hedge funds.
UHS has been the subject of several analyst reports. Morgan Stanley lowered their target price on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Royal Bank Of Canada reissued a “buy” rating and set a $126.00 target price on shares of Universal Health Services in a research note on Friday, October 27th. Zacks Investment Research raised Universal Health Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Leerink Swann boosted their target price on Universal Health Services from $130.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, September 22nd. Finally, Citigroup lowered their target price on Universal Health Services from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $126.31.
Shares of Universal Health Services, Inc. (UHS) traded down $0.31 during midday trading on Wednesday, reaching $105.95. The company’s stock had a trading volume of 1,014,800 shares, compared to its average volume of 788,028. The stock has a market cap of $10,085.03, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 2.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16. Universal Health Services, Inc. has a 12 month low of $95.26 and a 12 month high of $129.74.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. equities analysts anticipate that Universal Health Services, Inc. will post 7.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, November 30th. Universal Health Services’s dividend payout ratio (DPR) is 5.49%.
Universal Health Services announced that its Board of Directors has initiated a share buyback program on Wednesday, November 15th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the health services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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Universal Health Services Profile
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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