Envestnet Asset Management Inc. Buys 2,837 Shares of Universal Health Services, Inc. $UHS

Envestnet Asset Management Inc. increased its holdings in Universal Health Services, Inc. (NYSE:UHS) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,717 shares of the health services provider’s stock after purchasing an additional 2,837 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Universal Health Services worth $18,546,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UHS. Ashton Thomas Private Wealth LLC purchased a new position in Universal Health Services during the third quarter worth $232,000. Penserra Capital Management LLC purchased a new position in shares of Universal Health Services during the third quarter valued at approximately $558,000. Cornerstone Planning Group LLC bought a new position in shares of Universal Health Services during the third quarter valued at approximately $406,000. Transcend Capital Advisors LLC purchased a new stake in shares of Universal Health Services in the third quarter worth approximately $366,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Universal Health Services by 127.8% in the third quarter. Thrivent Financial for Lutherans now owns 5,122 shares of the health services provider’s stock worth $1,047,000 after buying an additional 2,874 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

UHS has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Universal Health Services in a research report on Thursday, October 30th. UBS Group restated a “buy” rating on shares of Universal Health Services in a report on Thursday, January 15th. Raymond James Financial set a $270.00 target price on Universal Health Services and gave the stock an “outperform” rating in a report on Monday, November 3rd. Cantor Fitzgerald increased their price target on Universal Health Services from $227.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, TD Cowen decreased their price objective on Universal Health Services from $251.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $234.13.

Universal Health Services Trading Up 0.3%

NYSE UHS opened at $234.86 on Friday. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $246.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.03 and a quick ratio of 0.96. The company has a market capitalization of $14.67 billion, a PE ratio of 11.16, a P/E/G ratio of 0.74 and a beta of 1.26. The company has a fifty day moving average of $215.39 and a 200 day moving average of $206.78.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 2nd. Universal Health Services’s payout ratio is 3.80%.

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.