Mercer Global Advisors Inc. ADV bought a new stake in Universal Health Services, Inc. (NYSE:UHS) during the first quarter, HoldingsChannel reports. The institutional investor bought 6,915 shares of the health services provider’s stock, valued at approximately $806,000.
Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Universal Health Services by 40.0% during the 4th quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock worth $43,000 after purchasing an additional 104 shares during the period. Doyle Wealth Management purchased a new position in shares of Universal Health Services during the 4th quarter worth $58,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Universal Health Services during the 4th quarter worth $93,000. Pearl River Capital LLC purchased a new position in shares of Universal Health Services during the 4th quarter worth $93,000. Finally, Fifth Third Bancorp lifted its stake in shares of Universal Health Services by 1,013.4% during the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the health services provider’s stock worth $138,000 after purchasing an additional 983 shares during the period. 76.04% of the stock is currently owned by hedge funds and other institutional investors.
UHS has been the topic of a number of recent analyst reports. Wells Fargo & Co increased their price target on Universal Health Services from $147.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Zacks Investment Research lowered Universal Health Services from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. Mizuho set a $150.00 price target on Universal Health Services and gave the stock a “buy” rating in a research note on Thursday, February 28th. Deutsche Bank increased their price target on Universal Health Services from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, UBS Group increased their price target on Universal Health Services from $156.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Universal Health Services has a consensus rating of “Hold” and a consensus price target of $145.13.
UHS stock opened at $126.33 on Wednesday. The firm has a market cap of $14.53 billion, a PE ratio of 13.26, a PEG ratio of 1.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.34 and a quick ratio of 1.24. Universal Health Services, Inc. has a 52 week low of $109.37 and a 52 week high of $142.21.
Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, February 27th. The health services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.03. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Universal Health Services had a return on equity of 16.58% and a net margin of 7.24%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 EPS. On average, analysts forecast that Universal Health Services, Inc. will post 10.01 earnings per share for the current fiscal year.
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Universal Health Services Company Profile
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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