Tower Research Capital LLC TRC purchased a new position in shares of Universal Health Services Inc. (NYSE:UHS) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 928 shares of the company’s stock, valued at approximately $124,000.
Several other hedge funds have also bought and sold shares of UHS. Acadian Asset Management LLC increased its stake in Universal Health Services by 8,716.0% in the second quarter. Acadian Asset Management LLC now owns 272,590 shares of the company’s stock worth $36,556,000 after buying an additional 269,498 shares during the period. Boston Partners acquired a new stake in Universal Health Services during the second quarter worth $27,134,000. JPMorgan Chase & Co. increased its stake in Universal Health Services by 12.3% in the first quarter. JPMorgan Chase & Co. now owns 1,528,771 shares of the company’s stock worth $190,667,000 after buying an additional 167,430 shares during the period. Schroder Investment Management Group increased its stake in Universal Health Services by 82.1% in the second quarter. Schroder Investment Management Group now owns 326,751 shares of the company’s stock worth $43,817,000 after buying an additional 147,296 shares during the period. Finally, Artemis Investment Management LLP increased its stake in Universal Health Services by 598.2% in the second quarter. Artemis Investment Management LLP now owns 160,098 shares of the company’s stock worth $21,467,000 after buying an additional 137,168 shares during the period. Hedge funds and other institutional investors own 85.09% of the company’s stock.
Universal Health Services Inc. (NYSE:UHS) opened at 121.09 on Wednesday. The stock has a 50 day moving average price of $121.41 and a 200-day moving average price of $128.67. Universal Health Services Inc. has a 12-month low of $100.82 and a 12-month high of $139.77. The firm has a market capitalization of $11.79 billion, a PE ratio of 17.24 and a beta of 1.20.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.94 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.94. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Universal Health Services had a return on equity of 16.56% and a net margin of 7.43%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. On average, equities research analysts forecast that Universal Health Services Inc. will post $7.51 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Tuesday, August 30th. Universal Health Services’s payout ratio is 5.68%.
A number of analysts recently weighed in on UHS shares. Credit Suisse Group AG restated a “hold” rating and issued a $130.00 price target on shares of Universal Health Services in a research note on Tuesday, August 30th. Zacks Investment Research downgraded Universal Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Barclays PLC decreased their target price on Universal Health Services from $150.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 28th. JPMorgan Chase & Co. boosted their target price on Universal Health Services from $138.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Finally, Leerink Swann reiterated a “buy” rating and set a $150.00 target price on shares of Universal Health Services in a research report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $143.25.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.
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