Rhenman & Partners Asset Management AB trimmed its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 53.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the health services provider’s stock after selling 14,000 shares during the period. Rhenman & Partners Asset Management AB’s holdings in Universal Health Services were worth $2,453,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. lifted its stake in Universal Health Services by 320.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock worth $26,000 after acquiring an additional 96 shares in the last quarter. Root Financial Partners LLC purchased a new position in Universal Health Services during the 3rd quarter valued at about $28,000. CYBER HORNET ETFs LLC acquired a new position in Universal Health Services in the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new stake in Universal Health Services during the second quarter worth about $31,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Universal Health Services by 347.6% during the second quarter. First Horizon Advisors Inc. now owns 188 shares of the health services provider’s stock worth $34,000 after purchasing an additional 146 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.
Universal Health Services Stock Down 2.2%
Shares of NYSE:UHS opened at $192.65 on Friday. Universal Health Services, Inc. has a fifty-two week low of $152.33 and a fifty-two week high of $246.32. The firm’s 50 day moving average price is $213.23 and its 200 day moving average price is $211.67. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 0.55. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.77 and a beta of 1.26.
Universal Health Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.4%. Universal Health Services’s payout ratio is presently 3.46%.
Analyst Ratings Changes
UHS has been the subject of a number of research reports. UBS Group restated a “buy” rating on shares of Universal Health Services in a report on Thursday, January 15th. Wells Fargo & Company decreased their price target on shares of Universal Health Services from $235.00 to $212.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. Cantor Fitzgerald dropped their price target on shares of Universal Health Services from $250.00 to $229.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Zacks Research lowered Universal Health Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, TD Cowen reduced their price objective on Universal Health Services from $251.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $232.21.
Read Our Latest Analysis on UHS
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.
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