Redwood Investment Management LLC Raises Holdings in Universal Health Services, Inc. (NYSE:UHS)

Redwood Investment Management LLC lifted its holdings in Universal Health Services, Inc. (NYSE:UHS) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,006 shares of the health services provider’s stock after purchasing an additional 238 shares during the quarter. Redwood Investment Management LLC’s holdings in Universal Health Services were worth $1,436,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its holdings in Universal Health Services by 1.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,675,182 shares of the health services provider’s stock valued at $838,821,000 after acquiring an additional 44,099 shares during the period. Geode Capital Management LLC increased its holdings in shares of Universal Health Services by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,713,572 shares of the health services provider’s stock valued at $306,776,000 after purchasing an additional 52,042 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Universal Health Services by 25.6% in the fourth quarter. Invesco Ltd. now owns 1,241,340 shares of the health services provider’s stock valued at $222,721,000 after purchasing an additional 253,385 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Universal Health Services by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock valued at $274,248,000 after purchasing an additional 10,578 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Universal Health Services by 4.7% during the fourth quarter. American Century Companies Inc. now owns 624,143 shares of the health services provider’s stock worth $111,984,000 after buying an additional 27,903 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Maria Ruderman Singer sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $179.16, for a total value of $179,160.00. Following the completion of the sale, the director now directly owns 7,916 shares in the company, valued at approximately $1,418,230.56. The trade was a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.40% of the company’s stock.

Universal Health Services Trading Up 4.4%

Universal Health Services stock opened at $196.12 on Friday. The stock has a 50-day moving average price of $178.19 and a 200 day moving average price of $185.57. Universal Health Services, Inc. has a 52 week low of $153.99 and a 52 week high of $243.25. The stock has a market cap of $12.75 billion, a PE ratio of 13.04, a P/E/G ratio of 0.53 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Monday, April 28th. The health services provider reported $4.84 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $0.48. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.16 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 earnings per share. Equities research analysts predict that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Monday, June 2nd. Universal Health Services’s dividend payout ratio is presently 4.49%.

Analyst Ratings Changes

UHS has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Universal Health Services from $211.00 to $201.00 and set a “sector perform” rating for the company in a report on Wednesday, April 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $224.00 price objective (down from $274.00) on shares of Universal Health Services in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on Universal Health Services from $230.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Morgan Stanley started coverage on Universal Health Services in a report on Wednesday, March 26th. They issued an “equal weight” rating and a $200.00 target price on the stock. Finally, Cantor Fitzgerald upgraded Universal Health Services from a “neutral” rating to an “overweight” rating in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $224.77.

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.