IFM Investors Pty Ltd Has $2.79 Million Position in Universal Health Services, Inc. (NYSE:UHS)

IFM Investors Pty Ltd lowered its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 2.4% during the third quarter, HoldingsChannel reports. The firm owned 12,166 shares of the health services provider’s stock after selling 301 shares during the quarter. IFM Investors Pty Ltd’s holdings in Universal Health Services were worth $2,786,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Inspire Investing LLC acquired a new stake in Universal Health Services in the 1st quarter valued at approximately $897,000. Ontario Teachers Pension Plan Board raised its position in Universal Health Services by 95.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,511 shares of the health services provider’s stock valued at $3,560,000 after buying an additional 9,549 shares during the last quarter. Nordea Investment Management AB raised its position in Universal Health Services by 27.9% in the 1st quarter. Nordea Investment Management AB now owns 65,643 shares of the health services provider’s stock valued at $11,998,000 after buying an additional 14,326 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Universal Health Services in the 1st quarter valued at approximately $738,000. Finally, Bessemer Group Inc. raised its position in Universal Health Services by 5,033.3% in the 1st quarter. Bessemer Group Inc. now owns 7,084 shares of the health services provider’s stock valued at $1,292,000 after buying an additional 6,946 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stephens reissued an “equal weight” rating and issued a $200.00 target price on shares of Universal Health Services in a research report on Thursday, July 25th. KeyCorp started coverage on Universal Health Services in a research report on Friday, October 11th. They issued a “sector weight” rating on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $219.00 price target on shares of Universal Health Services in a research note on Friday. TD Cowen upgraded Universal Health Services from a “hold” rating to a “buy” rating and raised their price target for the company from $220.00 to $283.00 in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada raised their price target on Universal Health Services from $189.00 to $222.00 and gave the company a “sector perform” rating in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Universal Health Services has an average rating of “Moderate Buy” and a consensus target price of $232.46.

Universal Health Services Stock Performance

Shares of NYSE UHS opened at $202.75 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.67. Universal Health Services, Inc. has a 12 month low of $121.00 and a 12 month high of $243.25. The stock has a 50 day moving average of $229.55 and a 200-day moving average of $201.23. The company has a market capitalization of $13.57 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.77 and a beta of 1.27.

Universal Health Services (NYSE:UHS) last issued its earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing the consensus estimate of $3.75 by ($0.04). Universal Health Services had a return on equity of 14.91% and a net margin of 6.22%. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the prior year, the firm posted $2.55 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that Universal Health Services, Inc. will post 15.87 EPS for the current year.

Universal Health Services declared that its Board of Directors has authorized a stock buyback plan on Wednesday, July 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the health services provider to repurchase up to 8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Warren J. Nimetz sold 3,444 shares of Universal Health Services stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $217.64, for a total transaction of $749,552.16. Following the completion of the sale, the director now directly owns 3,971 shares of the company’s stock, valued at approximately $864,248.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Warren J. Nimetz sold 3,444 shares of Universal Health Services stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $217.64, for a total transaction of $749,552.16. Following the completion of the sale, the director now directly owns 3,971 shares of the company’s stock, valued at approximately $864,248.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nina Chen-Langenmayr sold 850 shares of Universal Health Services stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $212.11, for a total value of $180,293.50. Following the sale, the director now directly owns 1,985 shares of the company’s stock, valued at approximately $421,038.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.

Universal Health Services Profile

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.