Universal Health Services, Inc. (UHS) Position Cut by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,570 shares of the health services provider’s stock after selling 600 shares during the period. Nisa Investment Advisors LLC’s holdings in Universal Health Services were worth $3,965,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position in shares of Universal Health Services by 1.5% in the first quarter. Creative Planning now owns 1,125 shares of the health services provider’s stock worth $140,000 after buying an additional 17 shares in the last quarter. Intrust Bank NA bought a new position in shares of Universal Health Services during the first quarter worth approximately $202,000. Stratos Wealth Partners LTD. bought a new position in shares of Universal Health Services during the first quarter worth approximately $202,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Universal Health Services during the first quarter worth approximately $205,000. Finally, Conning Inc. acquired a new position in Universal Health Services during the first quarter valued at approximately $209,000. Institutional investors own 85.41% of the company’s stock.
Universal Health Services, Inc. (NYSE:UHS) traded up 0.76% during midday trading on Friday, reaching $107.99. The company’s stock had a trading volume of 765,169 shares. Universal Health Services, Inc. has a 52-week low of $99.72 and a 52-week high of $129.74. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.68 and a beta of 1.06. The firm has a 50-day moving average price of $115.59 and a 200 day moving average price of $118.77.
Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by $0.12. Universal Health Services had a net margin of 7.10% and a return on equity of 15.49%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts predict that Universal Health Services, Inc. will post $7.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Universal Health Services’s dividend payout ratio (DPR) is presently 5.44%.
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Several research firms recently commented on UHS. Royal Bank Of Canada cut their price target on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, April 27th. Zacks Investment Research cut Universal Health Services from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Morgan Stanley lowered their price objective on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating for the company in a report on Thursday. BidaskClub lowered Universal Health Services from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $134.00 price objective on shares of Universal Health Services in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Universal Health Services currently has a consensus rating of “Hold” and an average target price of $135.90.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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