Universal Health Services, Inc. (NYSE:UHS) Short Interest Update

Universal Health Services, Inc. (NYSE:UHS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,470,000 shares, an increase of 38.7% from the June 30th total of 1,060,000 shares. Based on an average daily trading volume, of 746,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.0% of the shares of the stock are short sold.

A number of equities analysts have recently weighed in on UHS shares. Credit Suisse Group boosted their price target on Universal Health Services from $139.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank reduced their target price on shares of Universal Health Services from $165.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Piper Sandler raised their price target on shares of Universal Health Services from $113.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday. Mizuho cut their price objective on shares of Universal Health Services from $136.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Finally, Barclays upgraded shares of Universal Health Services from an “equal weight” rating to an “overweight” rating and set a $138.00 target price on the stock in a research report on Tuesday, June 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Universal Health Services has an average rating of “Buy” and a consensus price target of $137.33.

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Universal Health Services in the 4th quarter worth about $137,521,000. Wells Fargo & Company MN increased its position in Universal Health Services by 51.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,869,659 shares of the health services provider’s stock worth $185,245,000 after purchasing an additional 634,974 shares in the last quarter. Camber Capital Management LP increased its position in Universal Health Services by 125.0% during the 1st quarter. Camber Capital Management LP now owns 1,125,000 shares of the health services provider’s stock worth $111,465,000 after purchasing an additional 625,000 shares in the last quarter. AQR Capital Management LLC raised its holdings in Universal Health Services by 42.0% in the first quarter. AQR Capital Management LLC now owns 1,818,267 shares of the health services provider’s stock valued at $180,154,000 after buying an additional 537,738 shares during the period. Finally, Royal Bank of Canada lifted its position in Universal Health Services by 770.5% during the first quarter. Royal Bank of Canada now owns 187,209 shares of the health services provider’s stock valued at $18,549,000 after buying an additional 165,702 shares in the last quarter. Institutional investors own 84.58% of the company’s stock.

Shares of UHS stock opened at $109.90 on Friday. Universal Health Services has a one year low of $65.20 and a one year high of $157.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.99 and a current ratio of 1.02. The company has a 50 day moving average price of $96.99 and a 200 day moving average price of $110.10. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Monday, July 27th. The health services provider reported $2.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $2.20. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Universal Health Services had a net margin of 6.53% and a return on equity of 14.75%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.76 EPS. As a group, equities analysts forecast that Universal Health Services will post 7.69 EPS for the current fiscal year.

About Universal Health Services

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

Further Reading: 52-week highs

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