Point72 Hong Kong Ltd Trims Stake in Universal Health Services, Inc. (NYSE:UHS)

Point72 Hong Kong Ltd cut its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 45.7% in the third quarter, HoldingsChannel reports. The firm owned 6,044 shares of the health services provider’s stock after selling 5,092 shares during the period. Point72 Hong Kong Ltd’s holdings in Universal Health Services were worth $1,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of Universal Health Services by 134.2% in the first quarter. Cetera Investment Advisers now owns 8,744 shares of the health services provider’s stock valued at $1,595,000 after acquiring an additional 5,010 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Universal Health Services in the 1st quarter worth approximately $642,000. DekaBank Deutsche Girozentrale increased its holdings in Universal Health Services by 33.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 4,521 shares of the health services provider’s stock valued at $820,000 after buying an additional 1,138 shares during the period. GAMMA Investing LLC raised its stake in Universal Health Services by 84.7% in the second quarter. GAMMA Investing LLC now owns 665 shares of the health services provider’s stock worth $123,000 after buying an additional 305 shares in the last quarter. Finally, DNB Asset Management AS lifted its holdings in Universal Health Services by 27.3% during the second quarter. DNB Asset Management AS now owns 10,762 shares of the health services provider’s stock worth $1,990,000 after buying an additional 2,310 shares during the period. Institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UHS. Barclays lifted their price target on Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Robert W. Baird increased their price target on shares of Universal Health Services from $236.00 to $274.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. UBS Group lifted their price objective on shares of Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada lowered their target price on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their price objective on Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.50.

Universal Health Services Stock Performance

Shares of NYSE:UHS opened at $205.00 on Monday. The business’s 50 day moving average price is $214.82 and its 200-day moving average price is $207.29. Universal Health Services, Inc. has a 1 year low of $133.70 and a 1 year high of $243.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The firm has a market capitalization of $13.52 billion, a PE ratio of 13.63, a P/E/G ratio of 0.65 and a beta of 1.29.

Universal Health Services (NYSE:UHS) last issued its earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.90 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. Universal Health Services’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $2.55 earnings per share. As a group, equities research analysts expect that Universal Health Services, Inc. will post 15.93 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, December 3rd. Universal Health Services’s dividend payout ratio is currently 5.32%.

About Universal Health Services

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.