California State Teachers Retirement System reduced its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,890 shares of the health services provider’s stock after selling 12,691 shares during the period. California State Teachers Retirement System owned 0.16% of Universal Health Services worth $16,851,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC lifted 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 purchasing an additional 2,248,333 shares in the last quarter. Wells Fargo & Company MN lifted 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 purchasing 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 $63,140,000. Maverick Capital Ltd. lifted its stake in Universal Health Services by 9.6% during the second quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock worth $662,466,000 after purchasing an additional 473,763 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Universal Health Services by 8,502.1% during the third quarter. Nordea Investment Management AB now owns 318,706 shares of the health services provider’s stock worth $35,357,000 after purchasing an additional 315,001 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.
Shares of Universal Health Services, Inc. (NYSE:UHS) traded up $1.72 during trading hours on Friday, reaching $116.65. 1,637,289 shares of the company were exchanged, compared to its average volume of 765,808. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26. The firm has a market capitalization of $10,907.89, a P/E ratio of 16.02, a P/E/G ratio of 2.43 and a beta of 0.97. Universal Health Services, Inc. has a 1 year low of $95.26 and a 1 year high of $129.74.
Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business posted $1.60 earnings per share. Universal Health Services’s revenue was up 4.4% on a year-over-year basis. analysts predict that Universal Health Services, Inc. will post 7.36 earnings per share for the current fiscal year.
Universal Health Services announced that its board has initiated a share buyback plan on Wednesday, November 15th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the health services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Universal Health Services’s payout ratio is 5.49%.
A number of analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $134.00 price objective on shares of Universal Health Services in a research report on Thursday, January 4th. Piper Jaffray Companies lowered Universal Health Services from an “overweight” rating to a “neutral” rating and set a $147.00 price objective on the stock. in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Universal Health Services from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Goldman Sachs Group began coverage on Universal Health Services in a report on Wednesday, January 3rd. They issued a “buy” rating and a $137.00 target price on the stock. Finally, BMO Capital Markets began coverage on Universal Health Services in a report on Monday, October 16th. They issued an “outperform” rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $130.50.
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About Universal Health Services
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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