Universal Health Services (NYSE:UHS) Stock Rating Upgraded by Cantor Fitzgerald

Universal Health Services (NYSE:UHS) was upgraded by investment analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports.

Several other research analysts have also issued reports on the stock. KeyCorp began coverage on shares of Universal Health Services in a research note on Friday, October 11th. They issued a “sector weight” rating for the company. Bank of America began coverage on shares of Universal Health Services in a research note on Wednesday, November 6th. They issued a “neutral” rating and a $223.00 price target for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $226.00 price target on shares of Universal Health Services in a research note on Tuesday, December 17th. Royal Bank of Canada decreased their price target on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Finally, TD Cowen decreased their price target on shares of Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $226.14.

Universal Health Services Trading Up 1.2 %

Shares of NYSE:UHS traded up $2.32 on Monday, hitting $190.88. The company had a trading volume of 258,212 shares, compared to its average volume of 465,644. The firm’s 50-day simple moving average is $187.78 and its two-hundred day simple moving average is $207.96. Universal Health Services has a 1 year low of $152.68 and a 1 year high of $243.25. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.54 and a beta of 1.30.

Insider Transactions at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,614 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total value of $308,516.10. Following the transaction, the director now owns 5,879 shares of the company’s stock, valued at approximately $1,123,770.85. This trade represents a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Universal Health Services

A number of institutional investors and hedge funds have recently made changes to their positions in UHS. State Street Corp lifted its holdings in Universal Health Services by 0.6% during the third quarter. State Street Corp now owns 2,724,075 shares of the health services provider’s stock valued at $623,840,000 after purchasing an additional 17,527 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Universal Health Services by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,661,530 shares of the health services provider’s stock valued at $379,403,000 after purchasing an additional 63,754 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Universal Health Services by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock valued at $274,248,000 after purchasing an additional 10,578 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Universal Health Services by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 603,705 shares of the health services provider’s stock valued at $138,254,000 after purchasing an additional 11,353 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Universal Health Services by 13.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 346,969 shares of the health services provider’s stock valued at $79,459,000 after purchasing an additional 41,218 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About Universal Health Services

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.