Universal Health Services, Inc. (NYSE:UHS) Shares Sold by Asset Management One Co. Ltd.

Posted by Defense World Staff on May 2nd, 2023

Asset Management One Co. Ltd. reduced its position in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 10.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,663 shares of the health services provider’s stock after selling 2,949 shares during the period. Asset Management One Co. Ltd.’s holdings in Universal Health Services were worth $3,472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management purchased a new stake in Universal Health Services during the 4th quarter valued at approximately $29,000. Ronald Blue Trust Inc. grew its holdings in shares of Universal Health Services by 4,785.7% in the 4th quarter. Ronald Blue Trust Inc. now owns 342 shares of the health services provider’s stock worth $30,000 after acquiring an additional 335 shares during the period. Wipfli Financial Advisors LLC purchased a new position in shares of Universal Health Services in the third quarter valued at $40,000. Dupont Capital Management Corp boosted 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 buying an additional 138 shares in the last quarter. Finally, Ancora Advisors LLC raised 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 worth $53,000 after acquiring an additional 100 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Universal Health Services news, Director Lawrence S. Gibbs sold 1,568 shares of Universal Health Services stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $128.29, for a total transaction of $201,158.72. Following the sale, the director now directly owns 3,023 shares in the company, valued at approximately $387,820.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lawrence S. Gibbs sold 793 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $122.31, for a total value of $96,991.83. Following the completion of the sale, the director now directly owns 2,230 shares in the company, valued at approximately $272,751.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence S. Gibbs sold 1,568 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $128.29, for a total value of $201,158.72. Following the completion of the sale, the director now owns 3,023 shares of the company’s stock, valued at $387,820.67. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

Universal Health Services Stock Performance

NYSE UHS opened at $148.19 on Tuesday. The firm has a market capitalization of $10.47 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.21. Universal Health Services, Inc. has a 1-year low of $82.50 and a 1-year high of $154.65. The business’s 50-day simple moving average is $131.18 and its 200-day simple moving average is $131.91.

Universal Health Services (NYSE:UHS – Get Rating) last announced its earnings results on Tuesday, April 25th. The health services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.15 by $0.19. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.45 billion. Universal Health Services had a return on equity of 12.33% and a net margin of 5.05%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $2.15 EPS. Equities analysts predict that Universal Health Services, Inc. will post 10.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com raised Universal Health Services from a “hold” rating to a “buy” rating in a report on Thursday, April 27th. Mizuho dropped their price objective on Universal Health Services from $144.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Cantor Fitzgerald started coverage on Universal Health Services in a research report on Thursday, April 20th. They set an “underweight” rating and a $143.00 price objective for the company. Wells Fargo & Company dropped their price objective on Universal Health Services from $154.00 to $138.00 and set an “equal weight” rating for the company in a research report on Monday, March 6th. Finally, Citigroup lifted their price objective on Universal Health Services from $150.00 to $165.00 in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Universal Health Services currently has an average rating of “Hold” and an average target price of $137.12.

Universal Health Services Company Profile

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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.