Universal Health Services (NYSE:UHS) Shares Gap Down to $160.03

Universal Health Services, Inc. (NYSE:UHS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $160.03, but opened at $155.25. Universal Health Services shares last traded at $153.97, with a volume of 161,889 shares trading hands.

Analysts Set New Price Targets

UHS has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating for the company in a report on Friday, April 12th. UBS Group lifted their price target on shares of Universal Health Services from $152.00 to $177.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Barclays began coverage on shares of Universal Health Services in a report on Wednesday, March 6th. They set an “equal weight” rating and a $181.00 price target for the company. Finally, Cantor Fitzgerald reiterated an “underweight” rating and set a $156.00 price target on shares of Universal Health Services in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.71.

Universal Health Services Trading Up 2.4 %

The business’s fifty day moving average is $170.40 and its 200-day moving average is $152.01. The stock has a market capitalization of $10.58 billion, a PE ratio of 15.34, a P/E/G ratio of 0.77 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 0.77.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, February 27th. The health services provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.11. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Universal Health Services had a net margin of 5.03% and a return on equity of 12.08%. Universal Health Services’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.02 earnings per share. As a group, analysts anticipate that Universal Health Services, Inc. will post 13.34 EPS for the current fiscal year.

Insider Buying and Selling at Universal Health Services

In other news, CFO Steve Filton sold 35,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the transaction, the chief financial officer now directly owns 68,785 shares of the company’s stock, valued at $12,162,563.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Universal Health Services by 1.9% during the first quarter. Vanguard Group Inc. now owns 7,856,010 shares of the health services provider’s stock worth $1,138,729,000 after purchasing an additional 146,820 shares in the last quarter. BlackRock Inc. increased its stake in shares of Universal Health Services by 2.3% in the first quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock worth $728,594,000 after buying an additional 113,259 shares during the last quarter. Invesco Ltd. raised its holdings in Universal Health Services by 4.1% in the third quarter. Invesco Ltd. now owns 3,398,974 shares of the health services provider’s stock valued at $427,353,000 after acquiring an additional 134,122 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Universal Health Services by 5.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,071,022 shares of the health services provider’s stock valued at $315,707,000 after acquiring an additional 103,802 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Universal Health Services by 12.9% in the third quarter. American Century Companies Inc. now owns 1,707,708 shares of the health services provider’s stock valued at $214,710,000 after acquiring an additional 195,650 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.