Robeco Institutional Asset Management B.V. boosted its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 98.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 82,313 shares of the health services provider's stock after purchasing an additional 40,760 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Universal Health Services worth $18,850,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in Universal Health Services during the 3rd quarter worth approximately $32,000. Blue Trust Inc. grew its stake in Universal Health Services by 1,284.6% during the 2nd quarter. Blue Trust Inc. now owns 180 shares of the health services provider's stock worth $33,000 after purchasing an additional 167 shares in the last quarter. Innealta Capital LLC purchased a new stake in Universal Health Services during the 2nd quarter worth about $35,000. Headlands Technologies LLC acquired a new stake in Universal Health Services in the 1st quarter valued at about $36,000. Finally, LRI Investments LLC purchased a new position in shares of Universal Health Services in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 86.05% of the company's stock.
Insider Buying and Selling at Universal Health Services
In other news, Director Warren J. Nimetz sold 3,444 shares of Universal Health Services stock in a transaction on 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 owns 3,971 shares of the company's stock, valued at $864,248.44. The trade was 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 at the SEC website. 16.10% of the stock is owned by insiders.
Universal Health Services Price Performance
UHS stock traded up $4.81 during trading on Thursday, reaching $208.33. 796,000 shares of the company were exchanged, compared to its average volume of 681,380. Universal Health Services, Inc. has a 52-week low of $127.43 and a 52-week high of $243.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39. The company has a market cap of $13.90 billion, a P/E ratio of 13.53, a PEG ratio of 0.67 and a beta of 1.29. The stock's 50 day moving average price is $225.57 and its 200 day moving average price is $203.45.
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 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.90 billion. During the same period in the previous year, the business earned $2.55 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts predict that Universal Health Services, Inc. will post 15.89 earnings per share for the current fiscal year.
Universal Health Services declared that its board has approved a stock buyback plan on Wednesday, July 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the health services provider to repurchase up to 8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
A number of research analysts recently issued reports on UHS shares. Cantor Fitzgerald reiterated a "neutral" rating and issued a $219.00 price target on shares of Universal Health Services in a research note on Friday, October 25th. KeyCorp assumed coverage on shares of Universal Health Services in a report on Friday, October 11th. They issued a "sector weight" rating for the company. Bank of America initiated coverage on shares of Universal Health Services in a research note on Wednesday. They set a "neutral" rating and a $223.00 price target on the stock. TD Cowen reduced their price target on shares of 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. Finally, Stephens reissued an "equal weight" rating and set a $200.00 price objective on shares of Universal Health Services in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $231.14.
Read Our Latest Stock Report on Universal Health Services
Universal Health Services Profile
(
Free Report)
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.
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