Panagora Asset Management Inc. boosted its position in Universal Health Services, Inc. (NYSE:UHS) by 76.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,129 shares of the health services provider’s stock after acquiring an additional 13,906 shares during the period. Panagora Asset Management Inc.’s holdings in Universal Health Services were worth $4,107,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in UHS. Piedmont Investment Advisors LLC purchased a new stake in Universal Health Services in the 2nd quarter worth approximately $114,000. Rehmann Capital Advisory Group grew its stake in Universal Health Services by 116.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,068 shares of the health services provider’s stock worth $119,000 after acquiring an additional 575 shares during the period. Point72 Asset Management L.P. purchased a new stake in Universal Health Services in the 2nd quarter worth approximately $123,000. Qube Research & Technologies Ltd grew its stake in Universal Health Services by 58.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,175 shares of the health services provider’s stock worth $131,000 after acquiring an additional 432 shares during the period. Finally, IFP Advisors Inc grew its stake in Universal Health Services by 108.7% in the 3rd quarter. IFP Advisors Inc now owns 1,321 shares of the health services provider’s stock worth $169,000 after acquiring an additional 688 shares during the period. 89.50% of the stock is owned by hedge funds and other institutional investors.
NYSE:UHS opened at $126.22 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market cap of $12.45 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.35 and a beta of 0.83. Universal Health Services, Inc. has a twelve month low of $108.62 and a twelve month high of $139.63.
Universal Health Services (NYSE:UHS) last posted its earnings results on Thursday, October 25th. The health services provider reported $2.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.22. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.68 billion. Universal Health Services had a net margin of 7.89% and a return on equity of 16.33%. Sell-side analysts forecast that Universal Health Services, Inc. will post 9.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Universal Health Services’s payout ratio is 5.31%.
A number of brokerages have weighed in on UHS. Morgan Stanley lifted their price target on shares of Universal Health Services from $122.00 to $134.00 and gave the company an “equal weight” rating in a report on Wednesday, September 5th. UBS Group began coverage on shares of Universal Health Services in a report on Thursday, November 15th. They issued a “buy” rating and a $156.00 price target on the stock. Bank of America upgraded shares of Universal Health Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $128.00 to $155.00 in a report on Tuesday, September 18th. Barclays began coverage on shares of Universal Health Services in a report on Tuesday, August 14th. They issued an “equal weight” rating and a $135.00 price target on the stock. Finally, Leerink Swann decreased their price target on shares of Universal Health Services from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Universal Health Services has a consensus rating of “Buy” and a consensus target price of $137.47.
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About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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