Universal Health Services, Inc. (NYSE:UHS) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 1,210.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,673 shares of the health services provider's stock after buying an additional 2,469 shares during the quarter. Farther Finance Advisors LLC's holdings in Universal Health Services were worth $612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Universal Health Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,099,282 shares of the health services provider's stock worth $1,295,335,000 after acquiring an additional 57,036 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Universal Health Services by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 486,438 shares of the health services provider's stock worth $89,957,000 after purchasing an additional 2,620 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Universal Health Services by 362.3% in the second quarter. Point72 Asset Management L.P. now owns 322,626 shares of the health services provider's stock valued at $59,663,000 after buying an additional 252,846 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Universal Health Services by 357.9% in the second quarter. Marshall Wace LLP now owns 261,221 shares of the health services provider's stock worth $48,308,000 after acquiring an additional 204,178 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Universal Health Services by 1,191.8% in the 1st quarter. Lazard Asset Management LLC now owns 215,215 shares of the health services provider's stock valued at $39,267,000 after buying an additional 198,555 shares during the period. 86.05% of the stock is owned by hedge funds and other institutional investors.

Universal Health Services Stock Down 4.1 %

Universal Health Services stock traded down $8.66 during mid-day trading on Wednesday, reaching $203.51. 1,443,527 shares of the company's stock were exchanged, compared to its average volume of 680,846. The company has a fifty day moving average of $226.24 and a 200-day moving average of $203.45. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $13.58 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.67 and a beta of 1.29. Universal Health Services, Inc. has a twelve month low of $127.43 and a twelve month high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing analysts' consensus estimates of $3.75 by ($0.04). The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.90 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 EPS. Sell-side analysts expect that Universal Health Services, Inc. will post 15.89 EPS for the current year.

Universal Health Services declared that its board has authorized a share repurchase plan on Wednesday, July 24th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the health services provider to repurchase up to 8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

UHS has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Universal Health Services from $247.00 to $267.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Wells Fargo & Company boosted their target price on Universal Health Services from $275.00 to $285.00 and gave the stock an "overweight" rating in a report on Wednesday. Bank of America assumed coverage on shares of Universal Health Services in a research report on Wednesday. They set a "neutral" rating and a $223.00 price objective for the company. Royal Bank of Canada reduced their price target on shares of Universal Health Services from $222.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Finally, TD Cowen lowered their price objective on Universal Health Services from $283.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Six equities research 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 stock. According to MarketBeat, Universal Health Services currently has an average rating of "Moderate Buy" and a consensus target price of $231.14.

Insider Activity at Universal Health Services

In related news, Director Warren J. Nimetz sold 3,444 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $217.64, for a total value of $749,552.16. Following the completion of the sale, the director now directly owns 3,971 shares of the company's stock, valued at $864,248.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.10% of the company's stock.

About Universal Health Services

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.