Summit Global Investments Has $1.51 Million Stock Holdings in Universal Health Services, Inc. $UHS

Summit Global Investments decreased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,321 shares of the health services provider’s stock after selling 990 shares during the quarter. Summit Global Investments’ holdings in Universal Health Services were worth $1,507,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Universal Health Services by 16.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,029 shares of the health services provider’s stock valued at $1,851,000 after buying an additional 1,430 shares in the last quarter. QRG Capital Management Inc. grew its stake in Universal Health Services by 102.4% in the second quarter. QRG Capital Management Inc. now owns 4,820 shares of the health services provider’s stock valued at $873,000 after acquiring an additional 2,438 shares during the period. Cresset Asset Management LLC bought a new stake in shares of Universal Health Services in the first quarter worth about $265,000. Patton Fund Management Inc. bought a new stake in shares of Universal Health Services in the second quarter worth about $232,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Universal Health Services during the first quarter worth about $468,000. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Performance

Shares of UHS opened at $236.76 on Tuesday. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.80 and a beta of 1.33. Universal Health Services, Inc. has a 12 month low of $152.33 and a 12 month high of $239.88. The firm has a fifty day simple moving average of $211.31 and a 200 day simple moving average of $190.92. The company has a current ratio of 1.03, a quick ratio of 1.19 and a debt-to-equity ratio of 0.55.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Tuesday, October 28th. The health services provider reported $5.69 EPS for the quarter, topping the consensus estimate of $4.66 by $1.03. Universal Health Services had a net margin of 8.09% and a return on equity of 19.47%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the firm posted $3.71 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts forecast that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 0.3%. Universal Health Services’s dividend payout ratio is 3.80%.

Insider Buying and Selling

In related news, Director Warren J. Nimetz sold 3,817 shares of Universal Health Services stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $223.30, for a total transaction of $852,336.10. Following the completion of the transaction, the director owned 8,481 shares in the company, valued at approximately $1,893,807.30. This trade represents a 31.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Elliot J. Md Mba Sussman sold 965 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $225.70, for a total value of $217,800.50. Following the transaction, the director directly owned 6,113 shares in the company, valued at $1,379,704.10. The trade was a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UHS has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on Universal Health Services from $243.00 to $203.00 and set a “neutral” rating for the company in a research report on Thursday, August 14th. Wells Fargo & Company lifted their price target on shares of Universal Health Services from $249.00 to $259.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. UBS Group set a $231.00 price objective on shares of Universal Health Services in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Universal Health Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Universal Health Services in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $233.87.

About Universal Health Services

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.