Elevation Point Wealth Partners LLC Acquires Shares of 14,601 Universal Health Services, Inc. $UHS

Elevation Point Wealth Partners LLC acquired a new stake in Universal Health Services, Inc. (NYSE:UHS) in the first quarter, HoldingsChannel.com reports. The fund acquired 14,601 shares of the health services provider’s stock, valued at approximately $2,613,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in UHS. Blair William & Co. IL increased its holdings in shares of Universal Health Services by 4.1% during the 4th quarter. Blair William & Co. IL now owns 1,390 shares of the health services provider’s stock worth $303,000 after acquiring an additional 55 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Universal Health Services by 3.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,794 shares of the health services provider’s stock valued at $367,000 after acquiring an additional 58 shares during the period. Avanza Fonder AB lifted its holdings in Universal Health Services by 6.1% during the 4th quarter. Avanza Fonder AB now owns 1,027 shares of the health services provider’s stock valued at $224,000 after purchasing an additional 59 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Universal Health Services by 1.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 3,859 shares of the health services provider’s stock valued at $841,000 after purchasing an additional 60 shares during the last quarter. Finally, Triad Wealth Partners LLC boosted its position in Universal Health Services by 3.4% during the first quarter. Triad Wealth Partners LLC now owns 1,858 shares of the health services provider’s stock worth $333,000 after purchasing an additional 61 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Universal Health Services Trading Down 0.2%

UHS stock opened at $157.97 on Friday. Universal Health Services, Inc. has a 52 week low of $140.08 and a 52 week high of $246.32. The company has a market capitalization of $9.56 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.84 and a beta of 1.07. The company’s 50-day simple moving average is $155.80 and its 200 day simple moving average is $187.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, topping the consensus estimate of $5.41 by $0.21. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.84 EPS. As a group, sell-side analysts anticipate that Universal Health Services, Inc. will post 23.47 earnings per share for the current year.

Universal Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 8th. Universal Health Services’s payout ratio is presently 3.33%.

Analyst Ratings Changes

Several research firms have commented on UHS. Mizuho decreased their price objective on shares of Universal Health Services from $267.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Raymond James Financial cut shares of Universal Health Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company started coverage on shares of Universal Health Services in a report on Monday, June 1st. They set an “equal weight” rating and a $165.00 target price for the company. Royal Bank Of Canada decreased their price target on shares of Universal Health Services from $216.00 to $190.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 29th. Finally, Cantor Fitzgerald lowered their price target on shares of Universal Health Services from $229.00 to $194.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $216.56.

Universal Health Services Profile

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.