Sumitomo Mitsui Trust Group Inc. lowered its stake in Universal Health Services, Inc. (NYSE:UHS – Free Report) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 151,303 shares of the health services provider’s stock after selling 4,004 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Universal Health Services worth $27,409,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Zions Bancorporation National Association UT acquired a new stake in shares of Universal Health Services in the first quarter valued at about $30,000. Federated Hermes Inc. increased its position in shares of Universal Health Services by 89.7% in the first quarter. Federated Hermes Inc. now owns 258 shares of the health services provider’s stock valued at $48,000 after acquiring an additional 122 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Universal Health Services by 22.9% in the second quarter. Farther Finance Advisors LLC now owns 354 shares of the health services provider’s stock valued at $64,000 after acquiring an additional 66 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Universal Health Services by 1,872.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 493 shares of the health services provider’s stock valued at $92,000 after acquiring an additional 468 shares during the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Universal Health Services in the second quarter valued at about $100,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
Universal Health Services Trading Up 2.5%
Shares of NYSE:UHS opened at $219.37 on Wednesday. Universal Health Services, Inc. has a 12-month low of $152.33 and a 12-month high of $226.72. The stock has a market cap of $13.96 billion, a PE ratio of 10.42, a P/E/G ratio of 0.88 and a beta of 1.30. The business has a 50 day moving average of $195.76 and a 200-day moving average of $183.98. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.64.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on UHS. Barclays lifted their target price on Universal Health Services from $250.00 to $263.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America cut Universal Health Services from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $215.00 to $185.00 in a report on Wednesday, July 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Universal Health Services in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Universal Health Services from $215.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price target on Universal Health Services from $201.00 to $206.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 19th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $221.29.
View Our Latest Stock Report on UHS
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.
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