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

Posted by Defense World Staff on May 9th, 2023

Envestnet Asset Management Inc. lessened its holdings in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,147 shares of the health services provider’s stock after selling 2,312 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Universal Health Services worth $15,660,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Brinker Capital Investments LLC raised its stake in shares of Universal Health Services by 2.5% in the 1st quarter. Brinker Capital Investments LLC now owns 3,375 shares of the health services provider’s stock valued at $489,000 after acquiring an additional 83 shares during the period. Van ECK Associates Corp raised its stake in shares of 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 acquiring an additional 90 shares during the period. Ancora Advisors LLC raised its stake in shares of 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 acquiring an additional 100 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of 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 acquiring an additional 104 shares during the period. Finally, Commerce Bank increased its stake in Universal Health Services by 2.1% during the 3rd quarter. Commerce Bank now owns 5,752 shares of the health services provider’s stock worth $507,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at Universal Health Services

In other Universal Health Services news, Director Lawrence S. Gibbs sold 1,568 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $128.29, for a total transaction of $201,158.72. Following the completion of the transaction, the director now directly owns 3,023 shares of the company’s stock, valued at approximately $387,820.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Universal Health Services news, Director Lawrence S. Gibbs sold 793 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $122.31, for a total transaction of $96,991.83. Following the sale, the director now directly owns 2,230 shares in the company, valued at approximately $272,751.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence S. Gibbs sold 1,568 shares of the business’s stock in a transaction dated 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 owns 3,023 shares in the company, valued at $387,820.67. The disclosure for this sale can be found here. 16.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UHS. Wolfe Research downgraded shares of Universal Health Services from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Universal Health Services from $145.00 to $155.00 in a research note on Thursday, April 27th. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Universal Health Services in a research note on Thursday, April 27th. Barclays raised shares of Universal Health Services from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $132.00 to $142.00 in a research note on Tuesday, April 25th. Finally, Royal Bank of Canada lifted their price target on shares of Universal Health Services from $130.00 to $152.00 in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $137.12.

Universal Health Services Trading Up 0.3 %

NYSE UHS opened at $143.19 on Tuesday. Universal Health Services, Inc. has a one year low of $82.50 and a one year high of $154.65. The company has a 50-day simple moving average of $130.74 and a 200-day simple moving average of $133.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.37. The firm has a market capitalization of $10.12 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Universal Health Services (NYSE:UHS – Get Rating) last posted its quarterly 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 during the quarter, compared to analyst estimates of $3.45 billion. Universal Health Services had a net margin of 5.05% and a return on equity of 12.33%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 EPS. On average, equities analysts forecast that Universal Health Services, Inc. will post 10.23 earnings per share for the current year.

Universal Health Services 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.