Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 125.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,342 shares of the health services provider’s stock after acquiring an additional 23,527 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Universal Health Services were worth $5,168,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of UHS. BlackRock Inc. raised its stake in Universal Health Services by 2,820.7% during the first quarter. BlackRock Inc. now owns 6,626,205 shares of the health services provider’s stock worth $824,629,000 after acquiring an additional 6,399,332 shares in the last quarter. Janus Henderson Group PLC raised its stake in Universal Health Services by 18,950.9% during the second quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock worth $275,926,000 after acquiring an additional 2,248,333 shares in the last quarter. Wells Fargo & Company MN raised its stake in Universal Health Services by 160.5% during the second quarter. Wells Fargo & Company MN now owns 1,445,313 shares of the health services provider’s stock worth $176,443,000 after acquiring an additional 890,490 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Universal Health Services during the second quarter worth about $63,140,000. Finally, Jana Partners LLC raised its stake in Universal Health Services by 19.3% during the first quarter. Jana Partners LLC now owns 2,449,017 shares of the health services provider’s stock worth $304,780,000 after acquiring an additional 397,047 shares in the last quarter. 85.10% of the stock is owned by hedge funds and other institutional investors.
Shares of Universal Health Services, Inc. (UHS) opened at 106.945 on Thursday. Universal Health Services, Inc. has a 52-week low of $99.72 and a 52-week high of $129.74. The firm’s 50-day moving average is $109.52 and its 200-day moving average is $115.81. The firm has a market cap of $10.23 billion, a P/E ratio of 14.540 and a beta of 1.03.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, July 25th. The health services provider reported $1.94 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.12). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. Universal Health Services’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Analysts anticipate that Universal Health Services, Inc. will post $7.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Universal Health Services’s dividend payout ratio (DPR) is currently 5.44%.
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Several research analysts have commented on UHS shares. Royal Bank Of Canada reissued a “buy” rating and set a $147.00 target price on shares of Universal Health Services in a research note on Tuesday, August 29th. Zacks Investment Research raised Universal Health Services from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Tuesday, July 4th. KeyCorp reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Universal Health Services in a research note on Thursday, September 7th. Leerink Swann upped their price objective on Universal Health Services from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, September 22nd. Finally, Citigroup Inc. lowered their price objective on Universal Health Services from $131.00 to $126.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $133.23.
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.
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