Apollon Wealth Management LLC Sells 52 Shares of Universal Health Services, Inc. (NYSE:UHS)

Apollon Wealth Management LLC trimmed its position in Universal Health Services, Inc. (NYSE:UHS) by 4.4% during the third quarter, Holdings Channel reports. The institutional investor owned 1,117 shares of the health services provider’s stock after selling 52 shares during the quarter. Apollon Wealth Management LLC’s holdings in Universal Health Services were worth $256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UHS. Financial Management Professionals Inc. acquired a new stake in Universal Health Services in the third quarter worth about $32,000. Blue Trust Inc. boosted its stake in shares of Universal Health Services by 1,284.6% in the 2nd quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock valued at $33,000 after purchasing an additional 167 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Universal Health Services during the 2nd quarter worth approximately $35,000. LRI Investments LLC bought a new stake in shares of Universal Health Services during the first quarter worth approximately $43,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Universal Health Services by 41.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 251 shares of the health services provider’s stock valued at $46,000 after buying an additional 74 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Trading Down 1.8 %

NYSE:UHS opened at $197.96 on Tuesday. The company has a market cap of $13.06 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. Universal Health Services, Inc. has a twelve month low of $133.70 and a twelve month high of $243.25. The business has a 50 day moving average price of $220.61 and a two-hundred day moving average price of $205.80. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS) last released its earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The business had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same period last year, the business posted $2.55 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts expect that Universal Health Services, Inc. will post 15.93 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of research firms recently commented on UHS. KeyCorp assumed coverage on Universal Health Services in a report on Friday, October 11th. They issued a “sector weight” rating for the company. UBS Group increased their price target on shares of Universal Health Services from $247.00 to $267.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Robert W. Baird boosted their price objective on shares of Universal Health Services from $236.00 to $274.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Stephens reiterated an “equal weight” rating and issued a $200.00 target price on shares of Universal Health Services in a report on Thursday, July 25th. Finally, TD Cowen decreased their price target on shares of Universal Health Services from $283.00 to $275.00 and set a “buy” rating for the company in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $231.14.

Universal Health Services Company 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.