TriaGen Wealth Management LLC Takes $1.40 Million Position in Universal Health Services, Inc. (NYSE:UHS)

TriaGen Wealth Management LLC purchased a new stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,123 shares of the health services provider's stock, valued at approximately $1,402,000.

Several other institutional investors and hedge funds have also made changes to their positions in UHS. Vanguard Group Inc. raised its holdings in shares of Universal Health Services by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,099,282 shares of the health services provider's stock valued at $1,295,335,000 after purchasing an additional 57,036 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Universal Health Services by 0.5% during 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 during the period. Pzena Investment Management LLC grew its holdings in shares of Universal Health Services by 41.2% during the 1st quarter. Pzena Investment Management LLC now owns 455,773 shares of the health services provider's stock worth $83,160,000 after purchasing an additional 132,942 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Universal Health Services by 362.3% in the 2nd 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 period. Finally, Marshall Wace LLP increased its stake in 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 valued at $48,308,000 after acquiring an additional 204,178 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Universal Health Services Stock Performance

Universal Health Services stock traded up $2.51 during trading on Friday, reaching $236.67. The company had a trading volume of 993,431 shares, compared to its average volume of 665,887. The firm's 50-day simple moving average is $229.19 and its 200 day simple moving average is $199.16. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 0.67. Universal Health Services, Inc. has a 52 week low of $119.90 and a 52 week high of $243.25. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the business posted $2.53 EPS. Universal Health Services's revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts forecast that Universal Health Services, Inc. will post 15.87 earnings per share for the current fiscal year.

Universal Health Services announced that its board has initiated a stock buyback program 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 programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Universal Health Services from $200.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on Universal Health Services from $189.00 to $222.00 and gave the stock a "sector perform" rating in a research report on Monday, September 9th. The Goldman Sachs Group raised their price objective on Universal Health Services from $200.00 to $229.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. StockNews.com upgraded Universal Health Services from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $219.00 price target on shares of Universal Health Services in a research note on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $229.77.

Insider Buying and Selling

In other Universal Health Services news, Director Eileen C. Mcdonnell sold 2,535 shares of the business's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $209.55, for a total transaction of $531,209.25. Following the transaction, the director now owns 6,413 shares in the company, valued at $1,343,844.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Eileen C. Mcdonnell sold 2,535 shares of the firm's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $209.55, for a total transaction of $531,209.25. Following the sale, the director now owns 6,413 shares of the company's stock, valued at $1,343,844.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nina Chen-Langenmayr sold 850 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $212.11, for a total value of $180,293.50. Following the completion of the sale, the director now directly owns 1,985 shares of the company's stock, valued at approximately $421,038.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,970 shares of company stock worth $4,653,535. 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.