Assetmark Inc. Cuts Position in Universal Health Services, Inc. (NYSE:UHS)

Assetmark Inc. decreased its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,652 shares of the health services provider's stock after selling 7,207 shares during the period. Assetmark Inc.'s holdings in Universal Health Services were worth $2,091,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Universal Health Services by 0.6% in the third quarter. State Street Corp now owns 2,724,075 shares of the health services provider's stock valued at $623,840,000 after buying an additional 17,527 shares during the period. Geode Capital Management LLC grew its stake in shares of Universal Health Services by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,661,530 shares of the health services provider's stock worth $379,403,000 after purchasing an additional 63,754 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Universal Health Services by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider's stock valued at $274,248,000 after purchasing an additional 10,578 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 worth $138,254,000 after purchasing an additional 11,353 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Universal Health Services by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 487,904 shares of the health services provider's stock worth $87,540,000 after buying an additional 10,250 shares during the period. Institutional investors and hedge funds own 86.05% of the company's stock.

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Insider Transactions at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $179.16, for a total value of $179,160.00. Following the completion of the sale, the director now directly owns 7,916 shares of the company's stock, valued at approximately $1,418,230.56. This represents a 11.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.10% of the stock is currently owned by insiders.

Universal Health Services Stock Down 3.1 %

UHS stock traded down $5.41 during trading on Wednesday, reaching $167.11. 407,165 shares of the stock were exchanged, compared to its average volume of 732,091. The firm's 50 day moving average is $183.63 and its 200 day moving average is $202.16. The firm has a market cap of $11.02 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.53 and a beta of 1.32. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a twelve month low of $152.68 and a twelve month high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The health services provider reported $4.92 earnings per share for the quarter, topping analysts' consensus estimates of $4.21 by $0.71. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.01 billion. As a group, research analysts forecast that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 3rd. Universal Health Services's payout ratio is presently 4.75%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UHS. TD Cowen decreased their price target on Universal Health Services from $275.00 to $251.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Barclays decreased their target price on shares of Universal Health Services from $271.00 to $249.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $226.00 price target on shares of Universal Health Services in a research report on Tuesday, December 17th. Cantor Fitzgerald upgraded shares of Universal Health Services from a "neutral" rating to an "overweight" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded shares of Universal Health Services from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $228.00 to $198.00 in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $230.75.

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.