BlackRock Inc. lowered its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,455,896 shares of the health services provider’s stock after selling 65,169 shares during the period. BlackRock Inc. owned 0.07% of Universal Health Services worth $841,786,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in UHS. Pearl River Capital LLC bought a new stake in shares of Universal Health Services during the 2nd quarter worth approximately $35,000. Valeo Financial Advisors LLC bought a new stake in shares of Universal Health Services during the 2nd quarter worth approximately $47,000. CSat Investment Advisory L.P. raised its stake in shares of Universal Health Services by 74.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 362 shares of the health services provider’s stock worth $47,000 after purchasing an additional 154 shares in the last quarter. Pathstone Family Office LLC raised its stake in shares of Universal Health Services by 41.9% during the 2nd quarter. Pathstone Family Office LLC now owns 423 shares of the health services provider’s stock worth $55,000 after purchasing an additional 125 shares in the last quarter. Finally, Coastal Investment Advisors Inc. bought a new stake in shares of Universal Health Services during the 2nd quarter worth approximately $56,000. Institutional investors own 87.65% of the company’s stock.
UHS stock opened at $141.13 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $12.38 billion, a PE ratio of 14.81, a PEG ratio of 1.77 and a beta of 1.06. Universal Health Services, Inc. has a 1-year low of $112.79 and a 1-year high of $157.79. The business’s 50 day simple moving average is $144.25 and its 200 day simple moving average is $136.67.
Universal Health Services (NYSE:UHS) last posted its earnings results on Thursday, October 24th. The health services provider reported $1.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.31). The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. Universal Health Services had a return on equity of 15.80% and a net margin of 6.48%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. As a group, sell-side analysts predict that Universal Health Services, Inc. will post 9.81 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Universal Health Services from $135.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Credit Suisse Group upped their price objective on Universal Health Services from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Zacks Investment Research upgraded Universal Health Services from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, September 2nd. Royal Bank of Canada upped their price objective on Universal Health Services to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Finally, Barclays dropped their price objective on Universal Health Services from $145.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $150.00.
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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