State Treasurer State of Michigan boosted its position in shares of Universal Health Services Inc. (NYSE:UHS) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,400 shares of the company’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in Universal Health Services were worth $3,869,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UHS. Acadian Asset Management LLC boosted its stake in shares of Universal Health Services by 8,716.0% in the second quarter. Acadian Asset Management LLC now owns 272,590 shares of the company’s stock worth $36,556,000 after buying an additional 269,498 shares in the last quarter. CrestPoint Capital Management LLC purchased a new stake in shares of Universal Health Services during the second quarter worth approximately $201,000. Nisa Investment Advisors LLC boosted its stake in shares of Universal Health Services by 15.8% in the second quarter. Nisa Investment Advisors LLC now owns 42,354 shares of the company’s stock worth $5,680,000 after buying an additional 5,784 shares in the last quarter. Creative Planning boosted its stake in shares of Universal Health Services by 5.2% in the second quarter. Creative Planning now owns 1,108 shares of the company’s stock worth $149,000 after buying an additional 55 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Universal Health Services by 2.3% in the second quarter. Gulf International Bank UK Ltd now owns 26,195 shares of the company’s stock worth $3,512,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

Universal Health Services Inc. (NYSE:UHS) traded down 0.34% during trading on Monday, reaching $122.75. 578,418 shares of the company’s stock traded hands. Universal Health Services Inc. has a 52-week low of $100.82 and a 52-week high of $139.77. The company’s 50 day moving average is $122.15 and its 200-day moving average is $127.42.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.40 billion. Universal Health Services had a net margin of 7.31% and a return on equity of 16.35%. Universal Health Services’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. Equities analysts anticipate that Universal Health Services Inc. will post $7.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.32%. Universal Health Services’s payout ratio is currently 5.63%.

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A number of brokerages have commented on UHS. Avondale Partners cut shares of Universal Health Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th. Mizuho cut shares of Universal Health Services from a “buy” rating to a “neutral” rating and set a $133.00 target price for the company. in a research note on Wednesday, November 9th. Bank of America Corp. cut shares of Universal Health Services from a “buy” rating to a “neutral” rating and cut their target price for the stock from $150.00 to $135.00 in a research note on Wednesday, November 9th. Wolfe Research began coverage on shares of Universal Health Services in a research note on Tuesday, October 25th. They set a “market perform” rating for the company. Finally, Zacks Investment Research upgraded shares of Universal Health Services from a “sell” rating to a “hold” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $141.00.

About Universal Health Services

Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.

5 Day Chart for NYSE:UHS

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