Allspring Global Investments Holdings LLC Has $496,000 Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Allspring Global Investments Holdings LLC cut its position in Universal Health Services, Inc. (NYSE:UHS) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,253 shares of the health services provider’s stock after selling 2,355 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Universal Health Services were worth $496,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UHS. EverSource Wealth Advisors LLC raised its holdings in Universal Health Services by 42.8% in the third quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock worth $34,000 after purchasing an additional 80 shares during the period. Platinum Investment Management Ltd. raised its holdings in Universal Health Services by 16.9% in the third quarter. Platinum Investment Management Ltd. now owns 727 shares of the health services provider’s stock worth $91,000 after purchasing an additional 105 shares during the period. Tompkins Financial Corp acquired a new stake in Universal Health Services in the fourth quarter worth $96,000. Van ECK Associates Corp raised its holdings in Universal Health Services by 9.6% in the third quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock worth $126,000 after purchasing an additional 88 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Universal Health Services during the third quarter worth $175,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Universal Health Services Stock Performance

Shares of UHS opened at $165.10 on Friday. The firm has a 50-day moving average of $170.55 and a 200-day moving average of $153.10. Universal Health Services, Inc. has a one year low of $119.90 and a one year high of $183.61. The company has a market cap of $11.10 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.40 and a quick ratio of 1.29.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a net margin of 5.03% and a return on equity of 12.08%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the firm posted $2.34 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that Universal Health Services, Inc. will post 13.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UHS. Mizuho raised their price objective on shares of Universal Health Services from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Barclays began coverage on shares of Universal Health Services in a report on Wednesday, March 6th. They set an “equal weight” rating and a $181.00 price objective on the stock. UBS Group raised their price objective on shares of Universal Health Services from $152.00 to $177.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Finally, Citigroup raised their price objective on shares of Universal Health Services from $170.00 to $193.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Universal Health Services has a consensus rating of “Moderate Buy” and a consensus target price of $180.07.

Insider Activity

In other news, CFO Steve Filton sold 35,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the completion of the sale, the chief financial officer now owns 68,785 shares in the company, valued at approximately $12,162,563.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 16.10% of the company’s stock.

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. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's 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.