Van ECK Associates Corp increased its stake in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 852.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,389 shares of the health services provider’s stock after acquiring an additional 40,625 shares during the quarter. Van ECK Associates Corp’s holdings in Universal Health Services were worth $6,749,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in Universal Health Services by 4.1% in the fourth quarter. Blair William & Co. IL now owns 1,390 shares of the health services provider’s stock worth $303,000 after purchasing an additional 55 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Universal Health Services by 3.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,794 shares of the health services provider’s stock valued at $367,000 after purchasing an additional 58 shares during the last quarter. Triad Wealth Partners LLC lifted its position in Universal Health Services by 3.4% during the 1st quarter. Triad Wealth Partners LLC now owns 1,858 shares of the health services provider’s stock worth $333,000 after buying an additional 61 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Universal Health Services by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 20,595 shares of the health services provider’s stock valued at $4,490,000 after purchasing an additional 65 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of Universal Health Services by 0.6% in the 4th quarter. IFM Investors Pty Ltd now owns 11,781 shares of the health services provider’s stock valued at $2,568,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.
Analyst Upgrades and Downgrades
UHS has been the subject of a number of research analyst reports. Guggenheim decreased their target price on Universal Health Services from $195.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $194.00 target price on shares of Universal Health Services in a report on Tuesday, July 28th. TD Cowen reduced their target price on shares of Universal Health Services from $230.00 to $197.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Wells Fargo & Company increased their price objective on Universal Health Services from $165.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Finally, Barclays cut their price target on Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $204.93.
Universal Health Services Price Performance
Shares of NYSE UHS opened at $167.90 on Thursday. The company has a market capitalization of $9.90 billion, a PE ratio of 6.84, a P/E/G ratio of 0.92 and a beta of 1.06. The firm has a fifty day simple moving average of $162.63 and a 200 day simple moving average of $172.22. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. Universal Health Services, Inc. has a twelve month low of $140.08 and a twelve month high of $246.32.
Universal Health Services (NYSE:UHS – Get Free Report) last issued its earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, beating analysts’ consensus estimates of $5.94 by $0.04. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the company posted $5.35 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that Universal Health Services, Inc. will post 23.01 EPS for the current year.
Universal Health Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services’s payout ratio is currently 3.26%.
Universal Health Services Company Profile
Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.
In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.
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