DnB Asset Management AS Raises Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

DnB Asset Management AS increased its position in Universal Health Services, Inc. (NYSE:UHSGet Rating) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,247 shares of the health services provider’s stock after buying an additional 900 shares during the quarter. DnB Asset Management AS’s holdings in Universal Health Services were worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Twin Tree Management LP purchased a new position in Universal Health Services during the 1st quarter valued at $440,000. Pacer Advisors Inc. increased its position in Universal Health Services by 93.5% during the 1st quarter. Pacer Advisors Inc. now owns 7,256 shares of the health services provider’s stock valued at $1,052,000 after purchasing an additional 3,506 shares during the period. Citigroup Inc. increased its position in Universal Health Services by 41.0% during the 1st quarter. Citigroup Inc. now owns 50,359 shares of the health services provider’s stock valued at $7,300,000 after purchasing an additional 14,648 shares during the period. State of Tennessee Treasury Department increased its position in Universal Health Services by 75.0% during the 1st quarter. State of Tennessee Treasury Department now owns 22,708 shares of the health services provider’s stock valued at $3,292,000 after purchasing an additional 9,733 shares during the period. Finally, Kentucky Retirement Systems increased its position in Universal Health Services by 4.1% during the 1st quarter. Kentucky Retirement Systems now owns 4,661 shares of the health services provider’s stock valued at $676,000 after purchasing an additional 185 shares during the period. 88.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UHS. TheStreet downgraded shares of Universal Health Services from a “b-” rating to a “c+” rating in a research report on Tuesday, June 21st. UBS Group boosted their target price on shares of Universal Health Services to $105.00 in a report on Tuesday, July 26th. Cowen dropped their target price on shares of Universal Health Services to $119.00 in a report on Tuesday, August 9th. SVB Leerink boosted their target price on shares of Universal Health Services from $111.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, August 24th. Finally, Mizuho dropped their target price on shares of Universal Health Services from $153.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, July 1st. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $119.57.

Universal Health Services Price Performance

Shares of NYSE:UHS opened at $94.64 on Thursday. Universal Health Services, Inc. has a fifty-two week low of $94.63 and a fifty-two week high of $158.28. The business has a 50-day simple moving average of $105.02 and a two-hundred day simple moving average of $120.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.22. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 2.99 and a beta of 1.20.

Universal Health Services (NYSE:UHSGet Rating) last issued its earnings results on Monday, July 25th. The health services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.12. Universal Health Services had a return on equity of 12.88% and a net margin of 5.94%. The business had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the firm earned $3.76 EPS. Universal Health Services’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Universal Health Services, Inc. will post 9.94 earnings per share for the current year.

Universal Health Services Announces Dividend

The firm 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 $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, August 31st. Universal Health Services’s payout ratio is currently 8.15%.

About Universal Health Services

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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.

See Also

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

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