Investors Sell Universal Health Services Inc. (UHS) on Strength (UHS)
Traders sold shares of Universal Health Services Inc. (NYSE:UHS) on strength during trading hours on Wednesday. $15.86 million flowed into the stock on the tick-up and $36.49 million flowed out of the stock on the tick-down, for a money net flow of $20.63 million out of the stock. Of all companies tracked, Universal Health Services had the 0th highest net out-flow for the day. Universal Health Services traded up $0.12 for the day and closed at $136.00
Several research firms have recently commented on UHS. Zacks Investment Research upgraded Universal Health Services from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Monday, May 2nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Universal Health Services in a report on Saturday, April 30th. Mizuho reissued a “buy” rating and issued a $150.00 target price (up from $140.00) on shares of Universal Health Services in a research note on Thursday, April 28th. Wells Fargo & Co. raised Universal Health Services from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 29th. Finally, Robert W. Baird reissued a “buy” rating on shares of Universal Health Services in a research note on Monday, May 16th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $144.36.
The company has a 50 day moving average price of $134.84 and a 200 day moving average price of $123.62. The company has a market cap of $13.20 billion and a PE ratio of 19.55.
Universal Health Services (NYSE:UHS) last announced its earnings results on Wednesday, April 27th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.11. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts predict that Universal Health Services Inc. will post $7.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.29%.
In related news, SVP Debra K. Osteen sold 18,749 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $135.81, for a total value of $2,546,301.69. Following the sale, the senior vice president now directly owns 88,440 shares of the company’s stock, valued at approximately $12,011,036.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony Pantaleoni sold 6,995 shares of the stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $133.51, for a total transaction of $933,902.45. Following the completion of the sale, the director now directly owns 3,750 shares in the company, valued at $500,662.50. The disclosure for this sale can be found here.
Other hedge funds have recently bought and sold shares of the company. Advantus Capital Management Inc raised its stake in Universal Health Services by 0.7% in the fourth quarter. Advantus Capital Management Inc now owns 8,771 shares of the company’s stock worth $1,048,000 after buying an additional 59 shares during the period. Mutual of America Capital Management LLC raised its stake in Universal Health Services by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 10,221 shares of the company’s stock worth $1,221,000 after buying an additional 62 shares during the period. Quantitative Investment Management LLC raised its position in shares of Universal Health Services by 9.2% in the fourth quarter. Quantitative Investment Management LLC now owns 13,100 shares of the company’s stock worth $1,565,000 after buying an additional 1,100 shares during the period. Sawtooth Asset Management Inc. raised its position in shares of Universal Health Services by 1,969.9% in the fourth quarter. Sawtooth Asset Management Inc. now owns 15,752 shares of the company’s stock worth $1,882,000 after buying an additional 14,991 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Universal Health Services by 16.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,051 shares of the company’s stock worth $2,515,000 after buying an additional 2,999 shares during the period.
Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.
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