Point72 Asia Singapore Pte. Ltd. Lowers Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Point72 Asia Singapore Pte. Ltd. lowered its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 90.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 538 shares of the health services provider's stock after selling 5,100 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Universal Health Services were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of Universal Health Services during the 3rd quarter valued at approximately $39,000. Captrust Financial Advisors raised its position in shares of Universal Health Services by 73.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,226 shares of the health services provider's stock valued at $510,000 after acquiring an additional 939 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Universal Health Services by 494.7% during the 3rd quarter. Martingale Asset Management L P now owns 72,858 shares of the health services provider's stock valued at $16,685,000 after acquiring an additional 60,606 shares in the last quarter. Vinva Investment Management Ltd raised its position in shares of Universal Health Services by 33.4% during the 3rd quarter. Vinva Investment Management Ltd now owns 52,098 shares of the health services provider's stock valued at $11,978,000 after acquiring an additional 13,042 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Universal Health Services by 13.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,572 shares of the health services provider's stock valued at $589,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Bank of America initiated coverage on Universal Health Services in a research report on Wednesday, November 6th. They set a "neutral" rating and a $223.00 price target on the stock. UBS Group increased their target price on Universal Health Services from $247.00 to $267.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. StockNews.com lowered Universal Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th. Robert W. Baird increased their target price on Universal Health Services from $236.00 to $274.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada dropped their target price on 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. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $225.50.

Universal Health Services Price Performance

Shares of UHS traded down $3.12 during midday trading on Friday, hitting $192.93. The company's stock had a trading volume of 284,213 shares, compared to its average volume of 682,232. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. Universal Health Services, Inc. has a one year low of $133.70 and a one year high of $243.25. 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's fifty day simple moving average is $211.44 and its two-hundred day simple moving average is $207.63.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The business had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts expect that Universal Health Services, Inc. will post 15.88 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.80 annualized dividend and a yield of 0.41%. Universal Health Services's payout ratio is 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.