Tokio Marine Asset Management Co. Ltd. increased its position in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,881 shares of the health services provider’s stock after purchasing an additional 112 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Universal Health Services were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in UHS. Van ECK Associates Corp increased its stake in Universal Health Services by 4.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,160 shares of the health services provider’s stock worth $215,000 after acquiring an additional 47 shares during the period. LRI Investments LLC increased its position in shares of Universal Health Services by 19.5% in the second quarter. LRI Investments LLC now owns 386 shares of the health services provider’s stock worth $71,000 after purchasing an additional 63 shares during the period. US Bancorp DE raised its stake in Universal Health Services by 3.0% in the third quarter. US Bancorp DE now owns 2,238 shares of the health services provider’s stock valued at $512,000 after purchasing an additional 65 shares in the last quarter. Mather Group LLC. lifted its position in Universal Health Services by 31.6% during the third quarter. Mather Group LLC. now owns 283 shares of the health services provider’s stock worth $65,000 after purchasing an additional 68 shares during the period. Finally, O Neil Global Advisors Inc. grew its stake in Universal Health Services by 6.7% during the second quarter. O Neil Global Advisors Inc. now owns 1,175 shares of the health services provider’s stock worth $217,000 after buying an additional 74 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on UHS shares. UBS Group lifted their price objective on shares of Universal Health Services from $247.00 to $267.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Barclays boosted their price target on Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price objective on Universal Health Services from $200.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $219.00 target price on shares of Universal Health Services in a research note on Friday, October 25th. Finally, Royal Bank of Canada dropped their target price on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Universal Health Services presently has an average rating of “Moderate Buy” and an average target price of $231.14.
Universal Health Services Stock Performance
Shares of Universal Health Services stock opened at $201.69 on Friday. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.65 and a beta of 1.29. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a twelve month low of $132.74 and a twelve month high of $243.25. The company’s fifty day moving average is $221.18 and its 200 day moving average is $205.36.
Universal Health Services (NYSE:UHS – Get Free Report) last announced its earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing the consensus estimate of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company earned $2.55 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Sell-side analysts forecast that Universal Health Services, Inc. will post 15.93 EPS for the current year.
Universal Health Services declared that its board has initiated a share repurchase program on Wednesday, July 24th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the health services provider to repurchase up to 8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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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