Cookson Peirce & Co. Inc. Invests $768,000 in Universal Health Services, Inc. $UHS

Cookson Peirce & Co. Inc. acquired a new position in shares of Universal Health Services, Inc. (NYSE:UHS) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,521 shares of the health services provider’s stock, valued at approximately $768,000.

Several other hedge funds also recently modified their holdings of UHS. Elyxium Wealth LLC acquired a new stake in shares of Universal Health Services during the fourth quarter worth approximately $25,000. SBI Securities Co. Ltd. increased its holdings in shares of Universal Health Services by 320.0% during the third quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Universal Health Services during the fourth quarter worth approximately $26,000. Founders Capital Management acquired a new stake in shares of Universal Health Services during the fourth quarter worth approximately $28,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Universal Health Services during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Cantor Fitzgerald dropped their price objective on shares of Universal Health Services from $229.00 to $194.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of Universal Health Services from $235.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Universal Health Services from $261.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Barclays lowered their price target on shares of Universal Health Services from $268.00 to $238.00 and set an “overweight” rating for the company in a report on Tuesday, April 28th. Finally, Mizuho lowered their price target on shares of Universal Health Services from $267.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Universal Health Services presently has a consensus rating of “Hold” and a consensus target price of $218.63.

Universal Health Services Stock Performance

Shares of Universal Health Services stock opened at $145.14 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.01. The firm has a market cap of $8.79 billion, a P/E ratio of 6.05, a P/E/G ratio of 0.77 and a beta of 1.07. The firm has a 50 day simple moving average of $169.69 and a 200 day simple moving average of $199.15. Universal Health Services, Inc. has a fifty-two week low of $140.76 and a fifty-two week high of $246.32.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $0.21. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.39 billion. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. Universal Health Services’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.84 earnings per share. Sell-side analysts predict that Universal Health Services, Inc. will post 23.47 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Universal Health Services’s dividend payout ratio (DPR) is currently 3.33%.

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.