Raymond James & Associates Sells 4,152 Shares of Universal Health Services, Inc. (NYSE:UHS)

Posted by on May 15th, 2023

Raymond James & Associates reduced its stake in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,324 shares of the health services provider’s stock after selling 4,152 shares during the period. Raymond James & Associates owned 0.17% of Universal Health Services worth $17,375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brinker Capital Investments LLC lifted its holdings in shares of Universal Health Services by 2.5% in the first quarter. Brinker Capital Investments LLC now owns 3,375 shares of the health services provider’s stock worth $489,000 after acquiring an additional 83 shares during the last quarter. Van ECK Associates Corp grew its position in Universal Health Services by 11.7% in the 3rd quarter. Van ECK Associates Corp now owns 857 shares of the health services provider’s stock valued at $76,000 after purchasing an additional 90 shares during the period. Ancora Advisors LLC grew its position in Universal Health Services by 33.3% in the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider’s stock valued at $53,000 after purchasing an additional 100 shares during the period. Daiwa Securities Group Inc. grew its position in Universal Health Services by 2.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,648 shares of the health services provider’s stock valued at $655,000 after purchasing an additional 104 shares during the period. Finally, Commerce Bank grew its position in Universal Health Services by 2.1% in the 3rd quarter. Commerce Bank now owns 5,752 shares of the health services provider’s stock valued at $507,000 after purchasing an additional 120 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com raised shares of Universal Health Services from a “hold” rating to a “buy” rating in a research report on Thursday, April 27th. Wolfe Research cut Universal Health Services from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, March 1st. Barclays upgraded Universal Health Services from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $132.00 to $142.00 in a research note on Tuesday, April 25th. 888 restated a “maintains” rating on shares of Universal Health Services in a research note on Monday, May 8th. Finally, 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of Universal Health Services in a research note on Thursday, April 27th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $137.12.

Insider Activity at Universal Health Services

In other Universal Health Services news, CEO Marc D. Miller sold 44,110 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $142.65, for a total transaction of $6,292,291.50. Following the transaction, the chief executive officer now owns 160,383 shares of the company’s stock, valued at approximately $22,878,634.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Steve Filton sold 25,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $139.08, for a total value of $3,477,000.00. Following the completion of the sale, the chief financial officer now directly owns 93,800 shares in the company, valued at approximately $13,045,704. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc D. Miller sold 44,110 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $142.65, for a total value of $6,292,291.50. Following the completion of the transaction, the chief executive officer now directly owns 160,383 shares in the company, valued at $22,878,634.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,578 shares of company stock valued at $10,507,176. 15.40% of the stock is owned by corporate insiders.

Universal Health Services Trading Down 0.4 %

Shares of NYSE UHS opened at $139.53 on Monday. The stock has a market capitalization of $9.86 billion, a PE ratio of 14.83, a PEG ratio of 1.86 and a beta of 1.25. The stock has a fifty day simple moving average of $131.62 and a 200-day simple moving average of $134.86. Universal Health Services, Inc. has a twelve month low of $82.50 and a twelve month high of $154.65. The company has a current ratio of 1.37, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78.

Universal Health Services (NYSE:UHS – Get Rating) last posted its earnings results on Tuesday, April 25th. The health services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.19. The business had revenue of $3.47 billion during 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 business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 EPS. On average, equities analysts forecast that Universal Health Services, Inc. will post 10.23 earnings per share for the current year.

About Universal Health Services

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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.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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