Universal Health Services (NYSE:UHS) Director Sells $852,336.10 in Stock

Universal Health Services, Inc. (NYSE:UHS) Director Warren Nimetz sold 3,817 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $223.30, for a total transaction of $852,336.10. Following the sale, the director owned 8,481 shares in the company, valued at approximately $1,893,807.30. This represents a 31.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Universal Health Services Price Performance

Shares of NYSE:UHS traded up $2.98 during midday trading on Wednesday, reaching $227.39. 11,619 shares of the company’s stock traded hands, compared to its average volume of 795,179. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $229.76. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.19 and a current ratio of 1.03. The company has a fifty day simple moving average of $203.90 and a two-hundred day simple moving average of $187.76. The company has a market cap of $14.47 billion, a P/E ratio of 10.76, a PEG ratio of 0.80 and a beta of 1.33.

Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, October 28th. The health services provider reported $5.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $1.03. Universal Health Services had a net margin of 8.09% and a return on equity of 19.47%. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the firm earned $3.71 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Institutional Trading of Universal Health Services

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Universal Health Services by 16.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,029 shares of the health services provider’s stock worth $1,851,000 after acquiring an additional 1,430 shares in the last quarter. QRG Capital Management Inc. raised its stake in Universal Health Services by 102.4% during the 2nd quarter. QRG Capital Management Inc. now owns 4,820 shares of the health services provider’s stock worth $873,000 after acquiring an additional 2,438 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Universal Health Services by 20.0% in the first quarter. Envestnet Asset Management Inc. now owns 80,408 shares of the health services provider’s stock valued at $15,109,000 after acquiring an additional 13,413 shares in the last quarter. Cresset Asset Management LLC acquired a new position in Universal Health Services in the first quarter valued at $265,000. Finally, Patton Fund Management Inc. purchased a new position in shares of Universal Health Services during the second quarter worth about $232,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UHS shares. UBS Group set a $231.00 price objective on shares of Universal Health Services in a report on Thursday, October 30th. Raymond James Financial set a $270.00 price target on shares of Universal Health Services and gave the stock an “outperform” rating in a report on Monday, November 3rd. Bank of America lowered shares of Universal Health Services from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $215.00 to $185.00 in a research report on Wednesday, July 16th. Barclays increased their price objective on Universal Health Services from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company lifted their target price on Universal Health Services from $210.00 to $249.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $233.20.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.