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

Point72 DIFC Ltd cut its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 86.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 544 shares of the health services provider's stock after selling 3,482 shares during the quarter. Point72 DIFC Ltd's holdings in Universal Health Services were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investment Management Corp of Ontario boosted its stake in Universal Health Services by 45.8% during the third quarter. Investment Management Corp of Ontario now owns 1,909 shares of the health services provider's stock worth $437,000 after buying an additional 600 shares during the period. Centiva Capital LP increased its holdings in Universal Health Services by 37.1% in the 3rd quarter. Centiva Capital LP now owns 16,901 shares of the health services provider's stock valued at $3,870,000 after purchasing an additional 4,570 shares during the last quarter. Cinctive Capital Management LP purchased a new stake in Universal Health Services in the third quarter valued at approximately $475,000. True Wealth Design LLC acquired a new position in Universal Health Services during the third quarter worth $39,000. Finally, Captrust Financial Advisors grew its stake in shares of Universal Health Services by 73.0% in the third quarter. Captrust Financial Advisors now owns 2,226 shares of the health services provider's stock valued at $510,000 after buying an additional 939 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UHS has been the topic of several research reports. 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 note on Wednesday, September 4th. Cantor Fitzgerald restated a "neutral" rating and issued a $219.00 price objective on shares of Universal Health Services in a report on Friday, October 25th. TD Cowen reduced their target price on shares of Universal Health Services from $275.00 to $251.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Royal Bank of Canada cut their price objective 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. Finally, Bank of America initiated coverage on Universal Health Services in a report on Wednesday, November 6th. They issued a "neutral" rating and a $223.00 target price for the company. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Universal Health Services has an average rating of "Moderate Buy" and a consensus price target of $225.50.

Universal Health Services Stock Down 0.6 %

Shares of NYSE UHS traded down $1.26 during mid-day trading on Monday, reaching $192.96. The company had a trading volume of 289,424 shares, compared to its average volume of 681,720. The firm has a 50 day simple moving average of $210.73 and a two-hundred day simple moving average of $208.11. Universal Health Services, Inc. has a 52-week low of $139.90 and a 52-week high of $243.25. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock has a market cap of $12.73 billion, a P/E ratio of 12.91, a PEG ratio of 0.62 and a beta of 1.28.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its earnings results 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 firm had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.90 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.55 EPS. Sell-side analysts predict that Universal Health Services, Inc. will post 15.88 earnings per share for the current year.

Universal Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be issued a $0.20 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend 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.