Universal Health Services (NYSE:UHS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Universal Health Services, Inc. (NYSE:UHS) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $166.16 and traded as high as $179.76. Universal Health Services shares last traded at $179.0690, with a volume of 653,662 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UHS. Morgan Stanley decreased their target price on shares of Universal Health Services from $212.00 to $191.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Cantor Fitzgerald reissued a “neutral” rating on shares of Universal Health Services in a report on Friday, October 2nd. Wells Fargo & Company raised their price target on Universal Health Services from $165.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Robert W. Baird cut their price objective on Universal Health Services from $204.00 to $166.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $183.00 price objective on shares of Universal Health Services in a report on Thursday, August 20th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Universal Health Services currently has an average rating of “Hold” and a consensus target price of $204.94.

Universal Health Services Trading Up 0.9%

The stock has a 50 day moving average of $174.75 and a 200-day moving average of $166.17. The company has a market capitalization of $11.06 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.11 and a beta of 1.03. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54.

Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, topping analysts’ consensus estimates of $5.94 by $0.04. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter last year, the business earned $5.35 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, research analysts predict that Universal Health Services, Inc. will post 22.86 EPS for the current year.

Institutional Trading of Universal Health Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co boosted its stake in shares of Universal Health Services by 107.1% in the first quarter. CENTRAL TRUST Co now owns 174 shares of the health services provider’s stock worth $31,000 after acquiring an additional 90 shares during the period. Elevation Wealth Partners LLC raised its stake in Universal Health Services by 503.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Universal Health Services during the 4th quarter valued at approximately $106,000. PKO Investment Management Joint Stock Co lifted its holdings in Universal Health Services by 14.3% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 800 shares of the health services provider’s stock worth $143,000 after purchasing an additional 100 shares in the last quarter. Finally, SG Trading Solutions LLC purchased a new position in Universal Health Services in the 4th quarter worth approximately $227,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is a diversified healthcare services company that owns and operates hospitals, outpatient centers, and other healthcare facilities. Its operations are organized primarily around acute care hospitals and behavioral health services.

The company’s acute care facilities provide services such as general hospital care, emergency medicine, surgery, imaging, women’s health, and specialized treatment programs. Its behavioral health facilities offer inpatient and outpatient care for mental health conditions, substance use disorders, and related behavioral health needs.