Metis Global Partners LLC bought a new stake in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,999 shares of the health services provider’s stock, valued at approximately $254,000.
Several other large investors have also recently made changes to their positions in UHS. Glenview Capital Management LLC purchased a new stake in shares of Universal Health Services during the 4th quarter valued at $127,611,000. Avidity Partners Management LP purchased a new stake in shares of Universal Health Services during the 4th quarter valued at $116,319,000. Ceredex Value Advisors LLC purchased a new stake in shares of Universal Health Services during the 1st quarter valued at $97,734,000. Point72 Asset Management L.P. purchased a new stake in shares of Universal Health Services during the 4th quarter valued at $86,732,000. Finally, Norges Bank purchased a new stake in shares of Universal Health Services during the 4th quarter valued at $66,334,000. 84.03% of the stock is owned by hedge funds and other institutional investors.
Universal Health Services Stock Performance
Shares of UHS opened at $131.53 on Friday. The company has a market cap of $9.23 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.27. The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 0.75. Universal Health Services, Inc. has a 12-month low of $82.50 and a 12-month high of $158.57. The stock has a 50-day moving average price of $145.82 and a 200-day moving average price of $139.26.
Universal Health Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.61%. Universal Health Services’s dividend payout ratio is 8.31%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Universal Health Services in a report on Thursday, April 20th. They issued an “underweight” rating and a $143.00 price objective for the company. Mizuho lifted their price objective on Universal Health Services from $150.00 to $170.00 in a report on Tuesday, July 11th. StockNews.com assumed coverage on Universal Health Services in a report on Thursday, May 18th. They issued a “buy” rating for the company. 888 reissued a “maintains” rating on shares of Universal Health Services in a report on Monday, May 8th. Finally, Credit Suisse Group lifted their price objective on Universal Health Services from $163.00 to $169.00 in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $151.14.
Read Our Latest Analysis on UHS
Insider Activity at Universal Health Services
In related news, Director Warren J. Nimetz sold 800 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $140.97, for a total transaction of $112,776.00. Following the transaction, the director now directly owns 2,944 shares of the company’s stock, valued at approximately $415,015.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Universal Health Services news, Director Warren J. Nimetz sold 800 shares of Universal Health Services stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $140.97, for a total value of $112,776.00. Following the transaction, the director now directly owns 2,944 shares of the company’s stock, valued at approximately $415,015.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen C. Mcdonnell sold 1,680 shares of Universal Health Services stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $134.64, for a total value of $226,195.20. Following the completion of the transaction, the director now directly owns 5,316 shares in the company, valued at $715,746.24. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.
Universal Health Services Company Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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