Alberta Investment Management Corp Buys New Position in Universal Health Services, Inc. (NYSE:UHS)

Alberta Investment Management Corp purchased a new position in Universal Health Services, Inc. (NYSE:UHS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,700 shares of the health services provider's stock, valued at approximately $843,000.

Several other hedge funds also recently made changes to their positions in UHS. Allspring Global Investments Holdings LLC increased its holdings in Universal Health Services by 22.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider's stock worth $9,721,000 after acquiring an additional 9,946 shares during the period. Savant Capital LLC raised its position in shares of Universal Health Services by 255.3% in the fourth quarter. Savant Capital LLC now owns 6,345 shares of the health services provider's stock worth $1,138,000 after buying an additional 4,559 shares in the last quarter. Cerity Partners LLC boosted its stake in Universal Health Services by 86.4% during the third quarter. Cerity Partners LLC now owns 21,047 shares of the health services provider's stock valued at $4,820,000 after buying an additional 9,755 shares during the period. JPMorgan Chase & Co. grew its position in Universal Health Services by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider's stock worth $274,248,000 after buying an additional 10,578 shares in the last quarter. Finally, Vestcor Inc grew its position in Universal Health Services by 1,436.5% during the third quarter. Vestcor Inc now owns 54,070 shares of the health services provider's stock worth $12,383,000 after buying an additional 50,551 shares in the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Health Services

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,614 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $191.15, for a total value of $308,516.10. Following the transaction, the director now owns 5,879 shares in the company, valued at approximately $1,123,770.85. The trade was a 21.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UHS has been the subject of a number of research analyst reports. Bank of America assumed coverage on Universal Health Services in a research report on Wednesday, November 6th. They set a "neutral" rating and a $223.00 price target for the company. TD Cowen dropped their target price on shares of Universal Health Services from $275.00 to $251.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. Wells Fargo & Company decreased their price target on shares of Universal Health Services from $285.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, November 25th. The Goldman Sachs Group cut shares of Universal Health Services from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $228.00 to $198.00 in a research report on Monday, December 16th. Finally, Cantor Fitzgerald upgraded shares of Universal Health Services from a "neutral" rating to an "overweight" rating in a research report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.14.

Universal Health Services Trading Up 2.9 %

Universal Health Services stock traded up $5.26 during trading hours on Tuesday, reaching $186.72. The company had a trading volume of 268,713 shares, compared to its average volume of 524,128. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 0.53 and a beta of 1.30. Universal Health Services, Inc. has a 12-month low of $152.68 and a 12-month high of $243.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The company has a 50-day moving average price of $184.21 and a 200 day moving average price of $205.83.

Universal Health Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Universal Health Services's dividend payout ratio is currently 5.32%.

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.