Caprock Group LLC Takes Position in Universal Health Services, Inc. $UHS

Caprock Group LLC bought a new position in shares of Universal Health Services, Inc. (NYSE:UHS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,390 shares of the health services provider’s stock, valued at approximately $897,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in Universal Health Services by 34.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 68,501 shares of the health services provider’s stock valued at $13,941,000 after acquiring an additional 17,728 shares during the period. Rakuten Investment Management Inc. acquired a new position in shares of Universal Health Services in the third quarter valued at $1,359,000. First Citizens Bank & Trust Co. raised its position in shares of Universal Health Services by 36.0% in the third quarter. First Citizens Bank & Trust Co. now owns 54,960 shares of the health services provider’s stock valued at $11,236,000 after purchasing an additional 14,536 shares during the period. Board of the Pension Protection Fund bought a new position in shares of Universal Health Services in the third quarter valued at about $961,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Universal Health Services by 41.3% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 45,943 shares of the health services provider’s stock worth $9,393,000 after buying an additional 13,417 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Up 0.3%

Shares of NYSE UHS opened at $234.86 on Monday. The stock has a market capitalization of $14.67 billion, a P/E ratio of 11.16, a PEG ratio of 0.74 and a beta of 1.26. The stock’s fifty day moving average is $215.39 and its 200 day moving average is $207.07. Universal Health Services, Inc. has a 52 week low of $152.33 and a 52 week high of $246.32. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.03.

Universal Health Services Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on UHS. Weiss Ratings reiterated a “buy (b)” rating on shares of Universal Health Services in a research note on Monday, December 29th. Cantor Fitzgerald upped their target price on Universal Health Services from $227.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $233.00 target price on Universal Health Services in a research note on Wednesday, October 29th. TD Cowen reduced their price target on Universal Health Services from $251.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Finally, Barclays decreased their price objective on Universal Health Services from $263.00 to $262.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $234.13.

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.