Pzena Investment Management LLC Buys 505,575 Shares of Universal Health Services, Inc. $UHS

Pzena Investment Management LLC increased its stake in Universal Health Services, Inc. (NYSE:UHS) by 31.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,112,604 shares of the health services provider’s stock after acquiring an additional 505,575 shares during the period. Universal Health Services makes up approximately 1.4% of Pzena Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. Pzena Investment Management LLC’s holdings in Universal Health Services were worth $460,590,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Universal Health Services by 22.1% in the third quarter. American Century Companies Inc. now owns 781,145 shares of the health services provider’s stock worth $159,698,000 after purchasing an additional 141,621 shares during the period. Rakuten Investment Management Inc. bought a new position in Universal Health Services in the third quarter valued at about $1,359,000. First Citizens Bank & Trust Co. grew its position in 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 acquiring an additional 14,536 shares during the last quarter. AMG National Trust Bank bought a new position in Universal Health Services in the third quarter valued at about $1,912,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Universal Health Services by 41.3% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 45,943 shares of the health services provider’s stock valued at $9,393,000 after acquiring an additional 13,417 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

UHS has been the topic of a number of recent analyst reports. Cantor Fitzgerald decreased their target price on Universal Health Services from $229.00 to $194.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Barclays decreased their target price on Universal Health Services from $268.00 to $238.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 28th. Royal Bank Of Canada decreased their target price on Universal Health Services from $216.00 to $190.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on Universal Health Services from $235.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Finally, TD Cowen decreased their target price on Universal Health Services from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $221.56.

Universal Health Services Stock Performance

Shares of UHS stock opened at $162.44 on Friday. The business’s 50-day moving average price is $178.40 and its 200-day moving average price is $205.05. Universal Health Services, Inc. has a 12 month low of $152.33 and a 12 month high of $246.32. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 0.78 and a beta of 1.13. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $0.21. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period last year, the firm posted $4.84 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that Universal Health Services, Inc. will post 23.33 EPS for the current year.

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.