Verition Fund Management LLC lifted its holdings in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 19.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,952 shares of the health services provider’s stock after purchasing an additional 817 shares during the period. Verition Fund Management LLC’s holdings in Universal Health Services were worth $437,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new stake in shares of Universal Health Services in the 2nd quarter worth approximately $29,000. Wipfli Financial Advisors LLC purchased a new stake in shares of Universal Health Services in the 3rd quarter worth approximately $40,000. Dupont Capital Management Corp lifted its position in shares of Universal Health Services by 41.3% in the 3rd quarter. Dupont Capital Management Corp now owns 472 shares of the health services provider’s stock worth $42,000 after purchasing an additional 138 shares during the period. Ancora Advisors LLC lifted its position in Universal Health Services by 33.3% during the first quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. Finally, Wahed Invest LLC purchased a new stake in Universal Health Services during the second quarter valued at approximately $70,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on UHS. Royal Bank of Canada increased their target price on shares of Universal Health Services from $114.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Universal Health Services from $168.00 to $145.00 and set a “buy” rating for the company in a research report on Monday. Credit Suisse Group decreased their target price on shares of Universal Health Services from $157.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday. Mizuho decreased their target price on shares of Universal Health Services from $144.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. Finally, TheStreet raised shares of Universal Health Services from a “c+” rating to a “b-” rating in a report on Monday, December 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.29.
Universal Health Services Stock Down 0.9 %
Universal Health Services (NYSE:UHS – Get Rating) last released its quarterly earnings data on Monday, February 27th. The health services provider reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.06. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.40 billion. Universal Health Services had a net margin of 5.04% and a return on equity of 12.31%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.95 earnings per share. As a group, equities research analysts anticipate that Universal Health Services, Inc. will post 10.03 EPS for the current year.
Universal Health Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.64%. Universal Health Services’s payout ratio is currently 8.74%.
Insider Transactions at Universal Health Services
In related news, Director Lawrence S. Gibbs sold 1,568 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $128.29, for a total transaction of $201,158.72. Following the sale, the director now owns 3,023 shares in the company, valued at $387,820.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 15.40% of the company’s stock.
Universal Health Services Company Profile
Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.
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