Exchange Traded Concepts LLC boosted its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,436 shares of the health services provider’s stock after buying an additional 15,238 shares during the period. Exchange Traded Concepts LLC owned 0.09% of Universal Health Services worth $12,522,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UHS. Allspring Global Investments Holdings LLC increased its stake in Universal Health Services by 34.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 68,501 shares of the health services provider’s stock valued at $13,941,000 after purchasing an additional 17,728 shares during the period. American Century Companies Inc. boosted its stake in shares of Universal Health Services by 22.1% during the third quarter. American Century Companies Inc. now owns 781,145 shares of the health services provider’s stock worth $159,698,000 after buying an additional 141,621 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of Universal Health Services during the third quarter worth about $1,359,000. First Citizens Bank & Trust Co. grew its holdings in shares of Universal Health Services by 36.0% during the third quarter. First Citizens Bank & Trust Co. now owns 54,960 shares of the health services provider’s stock worth $11,236,000 after buying an additional 14,536 shares during the last quarter. Finally, AMG National Trust Bank acquired a new position in Universal Health Services in the 3rd quarter valued at about $1,912,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.
Universal Health Services Trading Down 0.5%
NYSE:UHS opened at $184.15 on Friday. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $246.32. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 1.05. The stock has a fifty day moving average price of $205.96 and a two-hundred day moving average price of $212.14. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.73 and a beta of 1.26.
Universal Health Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. Universal Health Services’s payout ratio is currently 3.46%.
Analysts Set New Price Targets
Several research firms have commented on UHS. Barclays upped their price objective on Universal Health Services from $262.00 to $268.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Cantor Fitzgerald dropped their target price on Universal Health Services from $250.00 to $229.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. Weiss Ratings restated a “buy (b)” rating on shares of Universal Health Services in a research note on Monday, December 29th. Guggenheim increased their price target on Universal Health Services from $253.00 to $274.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Finally, Wall Street Zen downgraded Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $232.21.
Get Our Latest Analysis on Universal Health Services
About Universal Health Services
Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.
In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.
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