Pzena Investment Management LLC grew its stake in Universal Health Services, Inc. (NYSE:UHS – Free Report) by 32.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,607,221 shares of the health services provider’s stock after acquiring an additional 637,894 shares during the quarter. Universal Health Services accounts for 1.3% of Pzena Investment Management LLC’s holdings, making the stock its 25th biggest position. Pzena Investment Management LLC owned 4.42% of Universal Health Services worth $454,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of UHS. Provenance Wealth Advisors LLC acquired a new position in Universal Health Services during the third quarter valued at approximately $44,000. Signature Equity Partners LLC increased its stake in Universal Health Services by 1,183.3% in the third quarter. Signature Equity Partners LLC now owns 308 shares of the health services provider’s stock valued at $54,000 after purchasing an additional 284 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Universal Health Services in the third quarter worth $2,697,000. Aviance Capital Partners LLC raised its holdings in Universal Health Services by 11.5% in the third quarter. Aviance Capital Partners LLC now owns 9,541 shares of the health services provider’s stock worth $1,663,000 after purchasing an additional 983 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Universal Health Services by 2.1% during the third quarter. ProShare Advisors LLC now owns 19,697 shares of the health services provider’s stock worth $3,432,000 after purchasing an additional 398 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on UHS. Weiss Ratings raised shares of Universal Health Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, October 14th. Cantor Fitzgerald restated a “neutral” rating on shares of Universal Health Services in a research report on Friday, October 2nd. Robert W. Baird dropped their price objective on Universal Health Services from $166.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. The Goldman Sachs Group reduced their target price on Universal Health Services from $242.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Universal Health Services in a research note on Thursday, October 29th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $201.00.
Get Our Latest Stock Report on Universal Health Services
Universal Health Services Stock Performance
Shares of UHS opened at $196.19 on Thursday. The firm has a market cap of $11.56 billion, a P/E ratio of 8.21, a PEG ratio of 1.85 and a beta of 1.11. Universal Health Services, Inc. has a twelve month low of $140.08 and a twelve month high of $246.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.28 and a current ratio of 1.37. The firm’s 50 day moving average price is $177.84 and its two-hundred day moving average price is $177.06.
Universal Health Services (NYSE:UHS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The health services provider reported $5.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.03. Universal Health Services had a net margin of 7.96% and a return on equity of 18.39%. The company had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the prior year, the firm earned $5.69 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that Universal Health Services, Inc. will post 22.63 EPS for the current fiscal year.
Universal Health Services Profile
Universal Health Services, Inc (NYSE: UHS) is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare providers. Its operations are focused primarily on acute care and behavioral health services.
The company’s acute care operations include general and specialty hospitals, ambulatory surgery centers, emergency departments, physician practices and other outpatient services. Its behavioral health business provides inpatient and outpatient treatment for mental health conditions, substance-use disorders and related needs.
Universal Health Services serves patients across the United States and Puerto Rico, with additional behavioral health operations in the United Kingdom.
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