Exchange Traded Concepts LLC Has $8.63 Million Position in Universal Health Services, Inc. $UHS

Exchange Traded Concepts LLC lifted its holdings in Universal Health Services, Inc. (NYSE:UHS) by 66.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,198 shares of the health services provider’s stock after acquiring an additional 16,789 shares during the period. Exchange Traded Concepts LLC owned approximately 0.07% of Universal Health Services worth $8,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Universal Health Services by 19.6% in the third quarter. Brighton Jones LLC now owns 2,056 shares of the health services provider’s stock worth $420,000 after purchasing an additional 337 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Universal Health Services by 0.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 45,429 shares of the health services provider’s stock worth $9,288,000 after buying an additional 420 shares during the period. Louisbourg Investments Inc. increased its stake in shares of Universal Health Services by 1,658.3% in the 3rd quarter. Louisbourg Investments Inc. now owns 1,055 shares of the health services provider’s stock valued at $216,000 after acquiring an additional 995 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Universal Health Services in the 3rd quarter valued at $961,000. Finally, Voya Investment Management LLC lifted its position in shares of Universal Health Services by 24.8% during the 3rd quarter. Voya Investment Management LLC now owns 126,793 shares of the health services provider’s stock valued at $25,922,000 after acquiring an additional 25,188 shares during the period. Institutional investors own 86.05% of the company’s stock.

Insider Activity

In other Universal Health Services news, Director Elliot J. Md Mba Sussman sold 965 shares of Universal Health Services stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $225.70, for a total transaction of $217,800.50. Following the transaction, the director owned 6,113 shares of the company’s stock, valued at $1,379,704.10. This trade represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren J. Nimetz sold 3,817 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $223.30, for a total value of $852,336.10. Following the completion of the transaction, the director directly owned 8,481 shares of the company’s stock, valued at approximately $1,893,807.30. This represents a 31.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UHS. Barclays lifted their price target on shares of Universal Health Services from $250.00 to $263.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Morgan Stanley set a $233.00 target price on Universal Health Services in a research report on Wednesday, October 29th. UBS Group set a $231.00 price target on Universal Health Services in a report on Thursday, October 30th. The Goldman Sachs Group assumed coverage on Universal Health Services in a research note on Tuesday, October 14th. They issued a “neutral” rating and a $219.00 price objective for the company. Finally, Raymond James Financial set a $270.00 target price on Universal Health Services and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $234.14.

Universal Health Services Trading Up 0.2%

Shares of Universal Health Services stock opened at $227.15 on Wednesday. The company has a market capitalization of $14.19 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.27. The stock has a fifty day simple moving average of $224.57 and a 200 day simple moving average of $196.88. Universal Health Services, Inc. has a 12-month low of $152.33 and a 12-month high of $246.32. The company has a current ratio of 1.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.55.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Tuesday, October 28th. The health services provider reported $5.69 earnings per share for the quarter, beating the consensus estimate of $4.66 by $1.03. Universal Health Services had a return on equity of 19.47% and a net margin of 8.09%.The business had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the business earned $3.71 EPS. The business’s revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts anticipate that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 1st. Universal Health Services’s dividend payout ratio is presently 3.80%.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.