MeadowBrook Investment Advisors LLC Buys New Stake in Universal Health Services, Inc. (NYSE:UHS)

MeadowBrook Investment Advisors LLC bought a new stake in Universal Health Services, Inc. (NYSE:UHS) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,565 shares of the health services provider’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently modified their holdings of UHS. EverSource Wealth Advisors LLC grew its position in shares of Universal Health Services by 42.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock valued at $34,000 after buying an additional 80 shares during the last quarter. GAMMA Investing LLC purchased a new position in Universal Health Services during the 4th quarter worth $42,000. Platinum Investment Management Ltd. grew its position in Universal Health Services by 16.9% during the 3rd quarter. Platinum Investment Management Ltd. now owns 727 shares of the health services provider’s stock worth $91,000 after purchasing an additional 105 shares during the last quarter. Tompkins Financial Corp acquired a new position in Universal Health Services in the fourth quarter valued at $96,000. Finally, Van ECK Associates Corp increased its stake in Universal Health Services by 9.6% in the third quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock valued at $126,000 after purchasing an additional 88 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Trading Up 0.9 %

UHS stock traded up $1.45 on Monday, hitting $169.15. 781,177 shares of the company were exchanged, compared to its average volume of 602,704. Universal Health Services, Inc. has a twelve month low of $119.90 and a twelve month high of $183.61. The business’s fifty day moving average is $171.24 and its two-hundred day moving average is $155.22. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.84 and a beta of 1.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.38 and a quick ratio of 1.28.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.56. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that Universal Health Services, Inc. will post 13.51 earnings per share for the current year.

Insider Activity

In other news, CFO Steve Filton sold 35,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $176.82, for a total value of $6,188,700.00. Following the completion of the transaction, the chief financial officer now directly owns 68,785 shares in the company, valued at $12,162,563.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on UHS shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. StockNews.com raised shares of Universal Health Services from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Mizuho boosted their price objective on shares of Universal Health Services from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on shares of Universal Health Services from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, UBS Group upped their price target on shares of Universal Health Services from $152.00 to $177.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.79.

Universal Health Services 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.