Los Angeles Capital Management LLC Takes Position in Universal Health Services, Inc. (NYSE:UHS)

Los Angeles Capital Management LLC purchased a new position in Universal Health Services, Inc. (NYSE:UHSFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 124,923 shares of the health services provider’s stock, valued at approximately $22,793,000. Los Angeles Capital Management LLC owned 0.19% of Universal Health Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UHS. Van ECK Associates Corp lifted its position in shares of Universal Health Services by 9.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock valued at $126,000 after acquiring an additional 88 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Universal Health Services in the 3rd quarter worth $295,000. UBS Group AG grew its stake in shares of Universal Health Services by 51.2% in the 3rd quarter. UBS Group AG now owns 62,949 shares of the health services provider’s stock worth $7,915,000 after acquiring an additional 21,325 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Universal Health Services by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 15,757 shares of the health services provider’s stock worth $1,981,000 after acquiring an additional 757 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of Universal Health Services by 6.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 6,483 shares of the health services provider’s stock worth $815,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Universal Health Services from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating for the company in a research report on Friday, April 12th. The Goldman Sachs Group increased their price target on shares of Universal Health Services from $170.00 to $189.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Citigroup increased their price target on shares of Universal Health Services from $170.00 to $193.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $156.00 price target on shares of Universal Health Services in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $190.43.

View Our Latest Stock Report on Universal Health Services

Universal Health Services Stock Performance

NYSE UHS traded up $0.75 during trading on Wednesday, hitting $190.56. 403,628 shares of the company’s stock traded hands, compared to its average volume of 578,855. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.93 and a beta of 1.29. Universal Health Services, Inc. has a 12-month low of $119.90 and a 12-month high of $191.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.28 and a current ratio of 1.38. The business has a 50 day moving average of $175.83 and a 200-day moving average of $166.70.

Universal Health Services (NYSE:UHSGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, beating the consensus estimate of $3.14 by $0.56. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Universal Health Services, Inc. will post 13.76 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, June 3rd. Universal Health Services’s payout ratio is 6.78%.

About Universal Health Services

(Free Report)

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

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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