Universal Health Services, Inc. $UHS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 81.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,682 shares of the health services provider’s stock after selling 42,354 shares during the quarter. Intech Investment Management LLC’s holdings in Universal Health Services were worth $2,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Baker Avenue Asset Management LP lifted its stake in shares of Universal Health Services by 46.3% during the fourth quarter. Baker Avenue Asset Management LP now owns 2,555 shares of the health services provider’s stock worth $557,000 after purchasing an additional 809 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Universal Health Services by 49.9% during the fourth quarter. AlphaQuest LLC now owns 11,425 shares of the health services provider’s stock worth $2,491,000 after purchasing an additional 3,803 shares in the last quarter. Allstate Corp lifted its stake in shares of Universal Health Services by 77.4% during the fourth quarter. Allstate Corp now owns 4,063 shares of the health services provider’s stock worth $886,000 after purchasing an additional 1,773 shares in the last quarter. Summitry LLC acquired a new position in shares of Universal Health Services during the fourth quarter worth about $234,000. Finally, Westover Capital Advisors LLC acquired a new position in shares of Universal Health Services during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Universal Health Services Stock Up 2.4%

Shares of NYSE UHS opened at $145.96 on Thursday. Universal Health Services, Inc. has a 1 year low of $140.76 and a 1 year high of $246.32. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08. The stock’s 50-day simple moving average is $171.38 and its 200-day simple moving average is $200.30.

Universal Health Services (NYSE:UHS) last announced its earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $0.21. Universal Health Services had a return on equity of 19.57% and a net margin of 8.56%.The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the company earned $4.84 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Universal Health Services, Inc. will post 23.34 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 8th. Universal Health Services’s payout ratio is currently 3.33%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Universal Health Services from $261.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Barclays reduced their price objective on Universal Health Services from $268.00 to $238.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 28th. Wells Fargo & Company assumed coverage on Universal Health Services in a research report on Monday. They set an “equal weight” rating and a $165.00 target price on the stock. Mizuho dropped their target price on Universal Health Services from $267.00 to $230.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Morgan Stanley dropped their target price on Universal Health Services from $233.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $218.63.

Universal Health Services Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.