AIA Group Ltd raised its stake in Universal Health Services, Inc. (NYSE:UHS – Free Report) by 95.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,327 shares of the health services provider’s stock after acquiring an additional 3,089 shares during the period. AIA Group Ltd’s holdings in Universal Health Services were worth $1,293,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Pzena Investment Management LLC grew its holdings in shares of Universal Health Services by 310.2% in the 3rd quarter. Pzena Investment Management LLC now owns 1,607,029 shares of the health services provider’s stock worth $328,541,000 after purchasing an additional 1,215,286 shares during the last quarter. Norges Bank acquired a new position in Universal Health Services in the second quarter valued at about $83,333,000. Nomura Holdings Inc. boosted its position in Universal Health Services by 100.6% in the second quarter. Nomura Holdings Inc. now owns 2,560 shares of the health services provider’s stock valued at $464,000 after buying an additional 426,211 shares in the last quarter. Holocene Advisors LP grew its stake in Universal Health Services by 262.4% during the third quarter. Holocene Advisors LP now owns 358,885 shares of the health services provider’s stock worth $73,370,000 after buying an additional 259,861 shares during the last quarter. Finally, Varenne Capital Partners acquired a new stake in shares of Universal Health Services during the third quarter worth approximately $37,670,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.
Universal Health Services Price Performance
Shares of NYSE UHS opened at $185.75 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.05 and a quick ratio of 0.98. The business has a 50-day moving average of $207.56 and a 200-day moving average of $211.92. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.74 and a beta of 1.26. Universal Health Services, Inc. has a fifty-two week low of $152.33 and a fifty-two week high of $246.32.
Universal Health Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 0.4%. Universal Health Services’s dividend payout ratio (DPR) is currently 3.46%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on UHS shares. Guggenheim lifted their target price on shares of Universal Health Services from $253.00 to $274.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. UBS Group restated a “buy” rating on shares of Universal Health Services in a research report on Thursday, January 15th. Zacks Research cut Universal Health Services from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wells Fargo & Company cut their price objective on Universal Health Services from $235.00 to $212.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Universal Health Services in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Universal Health Services presently has a consensus rating of “Hold” and an average price target of $232.21.
Check Out Our Latest Stock Analysis on UHS
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.
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