Mirae Asset Global Investments Co. Ltd. Acquires New Shares in Universal Health Services, Inc. $UHS

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Universal Health Services, Inc. (NYSE:UHS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,475 shares of the health services provider’s stock, valued at approximately $2,697,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in Universal Health Services by 852.7% in the second quarter. Van ECK Associates Corp now owns 45,389 shares of the health services provider’s stock worth $6,749,000 after purchasing an additional 40,625 shares during the last quarter. Engineers Gate Manager LP raised its stake in Universal Health Services by 840.2% during the second quarter. Engineers Gate Manager LP now owns 10,643 shares of the health services provider’s stock valued at $1,583,000 after purchasing an additional 9,511 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Universal Health Services during the second quarter valued at $17,679,000. Allianz Asset Management GmbH lifted its position in Universal Health Services by 13.6% during the second quarter. Allianz Asset Management GmbH now owns 377,986 shares of the health services provider’s stock valued at $56,203,000 after purchasing an additional 45,310 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Universal Health Services by 5.1% in the 2nd quarter. Empowered Funds LLC now owns 135,220 shares of the health services provider’s stock worth $20,106,000 after buying an additional 6,538 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Performance

UHS stock opened at $194.92 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.37 and a quick ratio of 1.28. The business has a 50-day moving average price of $178.69 and a 200 day moving average price of $177.03. The company has a market capitalization of $11.49 billion, a P/E ratio of 8.15, a PEG ratio of 2.04 and a beta of 1.11. Universal Health Services, Inc. has a 1-year low of $140.08 and a 1-year high of $246.32.

Universal Health Services (NYSE:UHS) last posted its earnings results on Tuesday, October 27th. The health services provider reported $5.22 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.03. Universal Health Services had a net margin of 7.96% and a return on equity of 18.39%. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the firm posted $5.69 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Universal Health Services, Inc. will post 22.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on UHS shares. Zacks Research downgraded shares of Universal Health Services from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Morgan Stanley lowered their price target on Universal Health Services from $212.00 to $191.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Universal Health Services in a research note on Friday, October 2nd. Weiss Ratings upgraded shares of Universal Health Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 14th. Finally, Barclays dropped their price target on shares of Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $201.00.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is a healthcare company that owns and operates hospitals and other healthcare facilities. Its services span acute care, behavioral healthcare and outpatient treatment.

The company’s facilities provide services such as inpatient and outpatient medical care, emergency services, psychiatric treatment, substance-use-disorder care and rehabilitation. UHS serves communities across the United States and also has operations in the United Kingdom and Puerto Rico.

Founded in 1979 by Alan B.