Universal Health Services, Inc. (UHS) Position Increased by Olstein Capital Management L.P.
Olstein Capital Management L.P. increased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 33.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 75,000 shares of the health services provider’s stock after buying an additional 19,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Universal Health Services were worth $8,501,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Universal Health Services during the 4th quarter worth $127,000. Advisor Group Inc. increased its position in Universal Health Services by 198.0% during the 2nd quarter. Advisor Group Inc. now owns 1,812 shares of the health services provider’s stock valued at $220,000 after purchasing an additional 1,204 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Universal Health Services during the 3rd quarter valued at approximately $205,000. Zeke Capital Advisors LLC acquired a new stake in Universal Health Services during the 3rd quarter valued at approximately $228,000. Finally, IFM Investors Pty Ltd acquired a new stake in Universal Health Services during the 3rd quarter valued at approximately $303,000. 86.04% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on UHS. Zacks Investment Research raised shares of Universal Health Services from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Wednesday, January 31st. Royal Bank of Canada reissued a “buy” rating and set a $134.00 price target on shares of Universal Health Services in a research note on Thursday, January 4th. Mizuho set a $137.00 price target on Universal Health Services and gave the company a “buy” rating in a research note on Wednesday, January 24th. Piper Jaffray Companies reissued a “buy” rating and set a $117.00 price target on shares of Universal Health Services in a research note on Friday, October 27th. Finally, Robert W. Baird reissued a “buy” rating and set a $122.00 price target on shares of Universal Health Services in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Universal Health Services presently has an average rating of “Buy” and a consensus price target of $131.20.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Wednesday, February 28th. Universal Health Services’s payout ratio is 5.49%.
Universal Health Services announced that its board has initiated a stock repurchase plan on Wednesday, November 15th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the health services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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Universal Health Services Company 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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