Summit Global Investments Has $8.84 Million Position in Universal Health Services, Inc. (NYSE:UHS)

Summit Global Investments grew its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 4,059.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,293 shares of the health services provider’s stock after acquiring an additional 48,108 shares during the period. Summit Global Investments owned 0.07% of Universal Health Services worth $8,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. First Eagle Investment Management LLC grew its holdings in shares of Universal Health Services by 1.0% during the 4th 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 in the last quarter. State Street Corp grew its holdings in shares of Universal Health Services by 0.6% during the 3rd quarter. State Street Corp now owns 2,724,075 shares of the health services provider’s stock valued at $623,840,000 after acquiring an additional 17,527 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Universal Health Services by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,661,530 shares of the health services provider’s stock valued at $379,403,000 after acquiring an additional 63,754 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Universal Health Services by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider’s stock valued at $274,248,000 after acquiring an additional 10,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Universal Health Services by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 603,705 shares of the health services provider’s stock valued at $138,254,000 after acquiring an additional 11,353 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays lowered their price target on shares of Universal Health Services from $271.00 to $249.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group cut shares of Universal Health Services from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $228.00 to $198.00 in a report on Monday, December 16th. Wells Fargo & Company decreased their price objective on shares of Universal Health Services from $230.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, March 10th. TD Cowen decreased their price objective on shares of Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, Stephens upped their price objective on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Universal Health Services has a consensus rating of “Moderate Buy” and a consensus price target of $230.75.

Universal Health Services Stock Down 2.4 %

UHS stock opened at $174.49 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. Universal Health Services, Inc. has a 52-week low of $152.69 and a 52-week high of $243.25. The company has a 50-day moving average of $181.84 and a two-hundred day moving average of $199.09. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.53 and a beta of 1.32.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Wednesday, February 26th. The health services provider reported $4.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.71. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. As a group, equities research analysts anticipate that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, March 3rd. Universal Health Services’s dividend payout ratio is currently 4.75%.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $179.16, for a total transaction of $179,160.00. Following the completion of the transaction, the director now owns 7,916 shares of the company’s stock, valued at approximately $1,418,230.56. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.10% of the stock is owned by company insiders.

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.