Rhumbline Advisers Lowers Position in Universal Health Services, Inc. $UHS

Rhumbline Advisers lessened its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 130,610 shares of the health services provider’s stock after selling 8,027 shares during the period. Rhumbline Advisers’ holdings in Universal Health Services were worth $26,702,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in Universal Health Services by 2.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,665 shares of the health services provider’s stock worth $501,000 after acquiring an additional 69 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Universal Health Services in the first quarter worth $235,000. Focus Partners Wealth boosted its holdings in Universal Health Services by 80.6% in the 1st quarter. Focus Partners Wealth now owns 2,631 shares of the health services provider’s stock worth $494,000 after buying an additional 1,174 shares during the period. Apollon Wealth Management LLC increased its stake in Universal Health Services by 8.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,603 shares of the health services provider’s stock worth $290,000 after buying an additional 130 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Universal Health Services by 1,220.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 50,773 shares of the health services provider’s stock valued at $9,593,000 after acquiring an additional 46,928 shares during the period. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

UHS has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $235.00 target price (down previously from $259.00) on shares of Universal Health Services in a research report on Wednesday, January 7th. Morgan Stanley set a $233.00 price target on Universal Health Services in a research note on Wednesday, October 29th. Mizuho set a $242.00 price objective on shares of Universal Health Services in a research report on Tuesday, October 28th. Raymond James Financial set a $270.00 target price on shares of Universal Health Services and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Guggenheim raised their target price on shares of Universal Health Services from $253.00 to $274.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $234.13.

Universal Health Services Trading Up 0.3%

UHS stock opened at $234.86 on Monday. The firm has a fifty day moving average price of $215.39 and a 200 day moving average price of $207.07. Universal Health Services, Inc. has a fifty-two week low of $152.33 and a fifty-two week high of $246.32. The firm has a market cap of $14.67 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.03.

Universal Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, March 2nd. Universal Health Services’s dividend payout ratio is currently 3.80%.

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.