Oppenheimer Asset Management Inc. decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,321 shares of the health services provider’s stock after selling 784 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Universal Health Services were worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new stake in Universal Health Services in the 3rd quarter valued at about $434,000. Nomura Asset Management Co. Ltd. raised its holdings in Universal Health Services by 167.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 31,856 shares of the health services provider’s stock valued at $3,534,000 after buying an additional 19,930 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Universal Health Services by 1.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 39,309 shares of the health services provider’s stock valued at $4,379,000 after buying an additional 700 shares during the period. Engineers Gate Manager LP purchased a new stake in Universal Health Services in the 3rd quarter valued at about $1,966,000. Finally, Sirios Capital Management L P raised its holdings in Universal Health Services by 6.0% in the 3rd quarter. Sirios Capital Management L P now owns 516,312 shares of the health services provider’s stock valued at $57,280,000 after buying an additional 29,086 shares during the period. 86.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Universal Health Services, Inc. (UHS) traded up $1.22 during trading hours on Monday, reaching $111.56. 1,492,600 shares of the company’s stock were exchanged, compared to its average volume of 795,614. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16. The stock has a market capitalization of $10,588.05, a price-to-earnings ratio of 14.91, a PEG ratio of 2.54 and a beta of 0.97. Universal Health Services, Inc. has a one year low of $95.26 and a one year high of $129.74.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.60 earnings per share. equities analysts forecast that Universal Health Services, Inc. will post 7.36 earnings per share for the current fiscal year.

Universal Health Services announced that its board has authorized a share buyback program on Wednesday, November 15th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the health services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Universal Health Services’s dividend payout ratio (DPR) is presently 5.49%.

Several brokerages recently issued reports on UHS. Royal Bank Of Canada restated a “buy” rating and issued a $147.00 price objective on shares of Universal Health Services in a report on Tuesday, October 3rd. Morgan Stanley reduced their price objective on shares of Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Universal Health Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BMO Capital Markets began coverage on shares of Universal Health Services in a report on Monday, October 16th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Stephens began coverage on shares of Universal Health Services in a report on Wednesday, October 11th. They issued an “equal weight” rating and a $120.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $126.31.

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Universal Health Services Profile

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.

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

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