Point72 Hong Kong Ltd Invests $2.06 Million in Universal Health Services, Inc. (NYSE:UHS)

Point72 Hong Kong Ltd purchased a new position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,136 shares of the health services provider's stock, valued at approximately $2,059,000.

Several other institutional investors have also made changes to their positions in the stock. Inspire Investing LLC bought a new position in shares of Universal Health Services in the first quarter valued at approximately $897,000. Ontario Teachers Pension Plan Board lifted its position in Universal Health Services by 95.9% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,511 shares of the health services provider's stock worth $3,560,000 after buying an additional 9,549 shares in the last quarter. Nordea Investment Management AB lifted its position in Universal Health Services by 27.9% during the 1st quarter. Nordea Investment Management AB now owns 65,643 shares of the health services provider's stock worth $11,998,000 after buying an additional 14,326 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Universal Health Services during the 1st quarter worth about $738,000. Finally, Bessemer Group Inc. raised its holdings in Universal Health Services by 5,033.3% during the 1st quarter. Bessemer Group Inc. now owns 7,084 shares of the health services provider's stock worth $1,292,000 after purchasing an additional 6,946 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Universal Health Services

In other Universal Health Services news, Director Eileen C. Mcdonnell sold 2,535 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $209.55, for a total value of $531,209.25. Following the transaction, the director now directly owns 6,413 shares of the company's stock, valued at $1,343,844.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Matthew Jay Peterson sold 15,141 shares of the company's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $210.85, for a total transaction of $3,192,479.85. Following the transaction, the executive vice president now directly owns 5,253 shares of the company's stock, valued at $1,107,595.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen C. Mcdonnell sold 2,535 shares of the company's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $209.55, for a total value of $531,209.25. Following the transaction, the director now directly owns 6,413 shares in the company, valued at $1,343,844.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,970 shares of company stock valued at $4,653,535. 16.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UHS. Baird R W raised Universal Health Services from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 26th. Royal Bank of Canada increased their price target on Universal Health Services from $189.00 to $222.00 and gave the company a "sector perform" rating in a research note on Monday, September 9th. Barclays upgraded Universal Health Services from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $198.00 to $256.00 in a research report on Friday, July 26th. Cantor Fitzgerald reiterated a "neutral" rating and set a $219.00 price objective on shares of Universal Health Services in a research report on Monday, August 19th. Finally, Stephens restated an "equal weight" rating and issued a $200.00 price target on shares of Universal Health Services in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $224.92.

Universal Health Services Trading Down 0.7 %

Shares of UHS traded down $1.57 during mid-day trading on Thursday, reaching $239.67. 396,447 shares of the company were exchanged, compared to its average volume of 644,699. Universal Health Services, Inc. has a 52 week low of $119.90 and a 52 week high of $243.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.17 and a current ratio of 1.28. The stock has a market capitalization of $15.99 billion, a PE ratio of 20.27, a PEG ratio of 0.80 and a beta of 1.28. The business has a 50 day simple moving average of $222.82 and a two-hundred day simple moving average of $193.69.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The health services provider reported $4.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.37 by $0.94. Universal Health Services had a return on equity of 14.91% and a net margin of 6.22%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period last year, the company earned $2.53 earnings per share. The firm's revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Universal Health Services, Inc. will post 15.91 earnings per share for the current fiscal year.

Universal Health Services announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 24th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the health services provider to reacquire up to 8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Universal Health Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 0.33%. Universal Health Services's payout ratio is currently 6.78%.

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.