Nisa Investment Advisors LLC reduced its position in Universal Health Services, Inc. (NYSE:UHS) by 21.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,895 shares of the health services provider’s stock after selling 8,050 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Universal Health Services were worth $2,684,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in UHS. Profund Advisors LLC lifted its stake in Universal Health Services by 10.3% during the fourth quarter. Profund Advisors LLC now owns 2,294 shares of the health services provider’s stock worth $329,000 after purchasing an additional 214 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Universal Health Services during the 4th quarter valued at about $7,173,000. Macquarie Group Ltd. lifted its position in Universal Health Services by 8.6% in the 4th quarter. Macquarie Group Ltd. now owns 21,192 shares of the health services provider’s stock worth $3,040,000 after buying an additional 1,672 shares during the last quarter. Norges Bank bought a new stake in Universal Health Services in the 4th quarter worth approximately $137,521,000. Finally, Franklin Resources Inc. boosted its stake in Universal Health Services by 38.1% in the fourth quarter. Franklin Resources Inc. now owns 19,979 shares of the health services provider’s stock worth $2,867,000 after buying an additional 5,515 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Universal Health Services from $136.00 to $130.00 and set a “buy” rating for the company in a report on Friday, May 29th. Piper Sandler lifted their target price on shares of Universal Health Services from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup decreased their target price on shares of Universal Health Services from $157.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Royal Bank of Canada reiterated a “buy” rating on shares of Universal Health Services in a research report on Thursday. Finally, Barclays upgraded shares of Universal Health Services from an “equal weight” rating to an “overweight” rating and set a $138.00 target price on the stock in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $137.33.
UHS stock opened at $109.90 on Friday. The firm’s 50-day moving average price is $96.99 and its two-hundred day moving average price is $110.10. Universal Health Services, Inc. has a 12-month low of $65.20 and a 12-month high of $157.06. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.82 and a beta of 1.05. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.65.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Monday, July 27th. The health services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $2.20. Universal Health Services had a net margin of 6.53% and a return on equity of 14.75%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company earned $2.76 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts predict that Universal Health Services, Inc. will post 7.69 EPS for the current year.
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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