Wedge Capital Management L L P NC Sells 73,729 Shares of Universal Health Services, Inc. (NYSE:UHS)

Wedge Capital Management L L P NC reduced its holdings in Universal Health Services, Inc. (NYSE:UHS) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 519,142 shares of the health services provider’s stock after selling 73,729 shares during the period. Universal Health Services makes up about 0.9% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 5th biggest position. Wedge Capital Management L L P NC’s holdings in Universal Health Services were worth $71,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in Universal Health Services in the first quarter valued at approximately $30,000. Berman Capital Advisors LLC raised its holdings in Universal Health Services by 161.2% in the second quarter. Berman Capital Advisors LLC now owns 269 shares of the health services provider’s stock worth $39,000 after purchasing an additional 166 shares during the period. Contravisory Investment Management Inc. raised its holdings in Universal Health Services by 1,927.6% in the third quarter. Contravisory Investment Management Inc. now owns 588 shares of the health services provider’s stock worth $81,000 after purchasing an additional 559 shares during the period. Atlas Capital Advisors LLC raised its holdings in Universal Health Services by 12.4% in the second quarter. Atlas Capital Advisors LLC now owns 786 shares of the health services provider’s stock worth $115,000 after purchasing an additional 87 shares during the period. Finally, Deseret Mutual Benefit Administrators acquired a new stake in Universal Health Services in the second quarter worth $122,000. Institutional investors and hedge funds own 85.50% of the company’s stock.

UHS stock traded down $1.07 during trading hours on Thursday, reaching $128.88. The stock had a trading volume of 571,625 shares, compared to its average volume of 639,379. The stock has a market capitalization of $10.36 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.19 and a quick ratio of 1.09. The stock has a 50-day simple moving average of $132.94 and a 200 day simple moving average of $146.73. Universal Health Services, Inc. has a fifty-two week low of $121.23 and a fifty-two week high of $165.00.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Sunday, October 24th. The health services provider reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.08). The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.11 billion. Universal Health Services had a net margin of 8.52% and a return on equity of 16.41%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. On average, sell-side analysts forecast that Universal Health Services, Inc. will post 11.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Tuesday, November 30th. Universal Health Services’s dividend payout ratio is currently 6.44%.

Several research firms have weighed in on UHS. UBS Group began coverage on shares of Universal Health Services in a report on Thursday, September 23rd. They issued a “sell” rating and a $136.00 target price on the stock. Cowen began coverage on shares of Universal Health Services in a report on Thursday, September 9th. They issued an “outperform” rating and a $169.00 target price on the stock. SVB Leerink cut their target price on shares of Universal Health Services from $140.00 to $132.00 and set a “market perform” rating on the stock in a report on Wednesday, October 27th. Mizuho cut their target price on shares of Universal Health Services from $178.00 to $151.00 and set a “buy” rating on the stock in a report on Friday, October 29th. Finally, Citigroup cut their target price on shares of Universal Health Services from $188.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, November 3rd. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $151.15.

About Universal Health Services

Universal Health Services, Inc operates as a healthcare management company, which through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, and outpatient facilities. It operates through the following segments: Acute Care Hospital Services, Behavioral Health Care Services, and Other.

Further Reading: Price to Earnings Ratio (PE)

Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHS).

Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.