Universal Health Services, Inc. $UHS Shares Sold by Garrison Point Advisors LLC

Garrison Point Advisors LLC reduced its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,290 shares of the health services provider’s stock after selling 300 shares during the period. Garrison Point Advisors LLC’s holdings in Universal Health Services were worth $958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in UHS. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Universal Health Services in the second quarter worth approximately $87,373,000. AQR Capital Management LLC lifted its holdings in Universal Health Services by 57.8% in the 1st quarter. AQR Capital Management LLC now owns 931,355 shares of the health services provider’s stock valued at $173,381,000 after purchasing an additional 340,966 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Universal Health Services by 329.4% during the 1st quarter. Ameriprise Financial Inc. now owns 404,806 shares of the health services provider’s stock worth $76,081,000 after purchasing an additional 310,531 shares during the last quarter. Nuveen LLC acquired a new stake in Universal Health Services during the 1st quarter worth $25,555,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Universal Health Services by 119.5% during the second quarter. Assenagon Asset Management S.A. now owns 241,164 shares of the health services provider’s stock worth $43,687,000 after buying an additional 131,305 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

UHS has been the topic of several research reports. Wells Fargo & Company raised their price target on shares of Universal Health Services from $210.00 to $249.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Raymond James Financial set a $270.00 target price on shares of Universal Health Services and gave the stock an “outperform” rating in a research note on Monday. Bank of America lowered Universal Health Services from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $215.00 to $185.00 in a research report on Wednesday, July 16th. UBS Group set a $231.00 price target on Universal Health Services in a report on Thursday, October 30th. Finally, Wall Street Zen raised Universal Health Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $233.20.

Insider Activity at Universal Health Services

In other news, Director Elliot J. Md Mba Sussman sold 965 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $225.70, for a total transaction of $217,800.50. Following the completion of the transaction, the director directly owned 6,113 shares in the company, valued at approximately $1,379,704.10. This represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.40% of the stock is currently owned by company insiders.

Universal Health Services Stock Up 1.2%

Shares of NYSE UHS opened at $229.07 on Friday. The company has a market capitalization of $14.58 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.03 and a quick ratio of 1.19. The company has a 50 day simple moving average of $202.22 and a 200-day simple moving average of $186.73. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $229.76.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Tuesday, October 28th. The health services provider reported $5.69 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $1.03. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Universal Health Services had a return on equity of 19.47% and a net margin of 8.09%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.71 earnings per share. On average, equities research analysts predict that Universal Health Services, Inc. will post 15.92 earnings per share for the current year.

About Universal Health Services

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.