Summit Global Investments Trims Holdings in Universal Health Services, Inc. $UHS

Summit Global Investments lowered its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 74.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,126 shares of the health services provider’s stock after selling 6,195 shares during the quarter. Summit Global Investments’ holdings in Universal Health Services were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Universal Health Services during the third quarter worth $28,000. CYBER HORNET ETFs LLC bought a new position in shares of Universal Health Services in the second quarter worth about $29,000. MUFG Securities EMEA plc purchased a new position in Universal Health Services in the 2nd quarter worth about $31,000. Quent Capital LLC bought a new stake in Universal Health Services during the 3rd quarter valued at about $37,000. Finally, First Horizon Advisors Inc. lifted its holdings in Universal Health Services by 347.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 188 shares of the health services provider’s stock valued at $34,000 after buying an additional 146 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UHS has been the topic of several research reports. Wells Fargo & Company restated an “equal weight” rating and set a $235.00 price objective (down from $259.00) on shares of Universal Health Services in a report on Wednesday, January 7th. Wall Street Zen upgraded Universal Health Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Guggenheim lifted their price objective on Universal Health Services from $253.00 to $274.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Raymond James Financial set a $270.00 target price on shares of Universal Health Services and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Cantor Fitzgerald raised their target price on shares of Universal Health Services from $227.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $234.13.

Universal Health Services Stock Up 0.5%

Shares of UHS stock opened at $201.17 on Friday. Universal Health Services, Inc. has a twelve month low of $152.33 and a twelve month high of $246.32. The stock has a market cap of $12.57 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.63 and a beta of 1.28. The stock has a 50 day moving average of $219.56 and a 200 day moving average of $203.01. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. 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 presently 3.80%.

Insider Activity at Universal Health Services

In related news, Director Warren J. Nimetz sold 3,817 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $223.30, for a total transaction of $852,336.10. Following the completion of the sale, the director owned 8,481 shares of the company’s stock, valued at approximately $1,893,807.30. This represents a 31.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.40% of the stock is owned by company insiders.

About Universal Health Services

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.