Daiwa Securities Group Inc. reduced its position in Universal Health Services, Inc. (NYSE:UHS) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,576 shares of the health services provider’s stock after selling 7,966 shares during the period. Daiwa Securities Group Inc.’s holdings in Universal Health Services were worth $4,893,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Wealth Inc. purchased a new stake in shares of Universal Health Services during the 1st quarter valued at about $49,000. Bessemer Group Inc. raised its holdings in shares of Universal Health Services by 40.0% during the 4th quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock valued at $43,000 after buying an additional 104 shares during the period. Doyle Wealth Management purchased a new stake in shares of Universal Health Services during the 4th quarter valued at about $58,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Universal Health Services during the 4th quarter valued at about $93,000. Finally, Pearl River Capital LLC purchased a new stake in shares of Universal Health Services during the 4th quarter valued at about $93,000. 75.87% of the stock is currently owned by institutional investors and hedge funds.
UHS stock opened at $129.23 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. Universal Health Services, Inc. has a 52-week low of $109.37 and a 52-week high of $142.21. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.19 and a beta of 1.11.
Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Thursday, April 25th. The health services provider reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($0.17). Universal Health Services had a return on equity of 16.30% and a net margin of 7.26%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Universal Health Services’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Universal Health Services, Inc. will post 10 EPS for the current fiscal year.
Several brokerages recently commented on UHS. JPMorgan Chase & Co. downgraded Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 target price on the stock. in a report on Monday, March 4th. They noted that the move was a valuation call. Deutsche Bank raised their target price on Universal Health Services from $140.00 to $160.00 and gave the company a “buy” rating in a report on Friday, March 1st. Citigroup raised their target price on Universal Health Services from $140.00 to $164.00 and gave the company a “buy” rating in a report on Friday, March 1st. Barclays raised their target price on Universal Health Services from $130.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, March 1st. Finally, Wells Fargo & Co raised their target price on Universal Health Services from $147.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Universal Health Services currently has an average rating of “Hold” and an average price target of $144.73.
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Universal Health Services Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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