UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Universal Health Services, Inc. $UHS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 61.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 90,402 shares of the health services provider’s stock after selling 146,717 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Universal Health Services were worth $13,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC grew its stake in Universal Health Services by 31.5% during the 4th quarter. Pzena Investment Management LLC now owns 2,112,604 shares of the health services provider’s stock valued at $460,590,000 after purchasing an additional 505,575 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Universal Health Services by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,781,262 shares of the health services provider’s stock worth $318,812,000 after purchasing an additional 192,351 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Universal Health Services by 1.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,226,577 shares of the health services provider’s stock worth $219,520,000 after purchasing an additional 20,577 shares during the period. Norges Bank purchased a new stake in Universal Health Services in the fourth quarter valued at approximately $199,334,000. Finally, Morgan Stanley boosted its position in Universal Health Services by 59.5% in the fourth quarter. Morgan Stanley now owns 871,377 shares of the health services provider’s stock valued at $189,978,000 after buying an additional 325,162 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Price Performance

Shares of NYSE UHS opened at $169.43 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12. The firm has a fifty day moving average of $163.60 and a 200 day moving average of $171.74. The firm has a market cap of $9.99 billion, a PE ratio of 6.90, a PEG ratio of 0.91 and a beta of 1.06. Universal Health Services, Inc. has a one year low of $140.08 and a one year high of $246.32.

Universal Health Services (NYSE:UHS) last announced its earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.94 by $0.04. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.58 billion. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $5.35 earnings per share. As a group, research analysts predict that Universal Health Services, Inc. will post 22.96 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Universal Health Services’s dividend payout ratio is presently 3.26%.

Analyst Upgrades and Downgrades

Several brokerages have commented on UHS. JPMorgan Chase & Co. decreased 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 research note on Wednesday, May 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $183.00 price target on shares of Universal Health Services in a report on Thursday, August 20th. Morgan Stanley reduced their price objective on 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. The Goldman Sachs Group dropped their price objective on shares of Universal Health Services from $242.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Universal Health Services from $165.00 to $166.00 and gave the company an “equal weight” rating in a research note on Monday, July 13th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold 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 $204.93.

Universal Health Services 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.