Cresset Asset Management LLC Makes New Investment in Universal Health Services, Inc. $UHS

Cresset Asset Management LLC purchased a new position in shares of Universal Health Services, Inc. (NYSE:UHS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,410 shares of the health services provider’s stock, valued at approximately $265,000.

A number of other hedge funds have also recently modified their holdings of UHS. Freestone Grove Partners LP purchased a new position in Universal Health Services during the fourth quarter worth about $41,155,000. AQR Capital Management LLC increased its holdings in shares of Universal Health Services by 59.4% during the 4th quarter. AQR Capital Management LLC now owns 590,389 shares of the health services provider’s stock worth $105,928,000 after buying an additional 219,942 shares during the last quarter. Twinbeech Capital LP increased its holdings in shares of Universal Health Services by 1,151.1% during the 4th quarter. Twinbeech Capital LP now owns 152,454 shares of the health services provider’s stock worth $27,353,000 after buying an additional 140,268 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Universal Health Services by 16,935.6% during the 1st quarter. GAMMA Investing LLC now owns 138,670 shares of the health services provider’s stock valued at $26,056,000 after buying an additional 137,856 shares during the period. Finally, Nuveen LLC acquired a new position in Universal Health Services in the first quarter valued at approximately $25,555,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UHS shares. Royal Bank Of Canada raised their target price on Universal Health Services from $201.00 to $206.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 19th. Barclays raised their price objective on Universal Health Services from $257.00 to $259.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Bank of America lowered shares of Universal Health Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $215.00 to $185.00 in a report on Wednesday, July 16th. JPMorgan Chase & Co. lowered their target price on shares of Universal Health Services from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Finally, Stephens upgraded shares of Universal Health Services to a “hold” rating in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $214.77.

Universal Health Services Stock Down 1.3%

Shares of UHS opened at $181.47 on Wednesday. The company’s 50-day simple moving average is $174.84 and its 200-day simple moving average is $178.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.19 and a current ratio of 1.29. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $243.25. The stock has a market capitalization of $11.55 billion, a PE ratio of 9.56, a P/E/G ratio of 0.76 and a beta of 1.24.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.85 by $0.50. Universal Health Services had a net margin of 7.66% and a return on equity of 18.25%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the business posted $4.31 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. Analysts forecast that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.4%. Universal Health Services’s dividend payout ratio is currently 4.21%.

About Universal Health Services

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.