Universal Health Services, Inc. (NYSE:UHS) Shares Bought by Summit Global Investments

Summit Global Investments increased its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 4,059.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,293 shares of the health services provider's stock after buying an additional 48,108 shares during the quarter. Summit Global Investments owned about 0.07% of Universal Health Services worth $8,844,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its stake in shares of Universal Health Services by 1.0% in the fourth quarter. First Eagle Investment Management LLC now owns 4,675,182 shares of the health services provider's stock worth $838,821,000 after buying an additional 44,099 shares during the last quarter. State Street Corp lifted its holdings in Universal Health Services by 0.6% in the third quarter. State Street Corp now owns 2,724,075 shares of the health services provider's stock valued at $623,840,000 after acquiring an additional 17,527 shares during the period. Geode Capital Management LLC boosted its position in Universal Health Services by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,661,530 shares of the health services provider's stock worth $379,403,000 after purchasing an additional 63,754 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Universal Health Services by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider's stock worth $274,248,000 after purchasing an additional 10,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Universal Health Services by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 603,705 shares of the health services provider's stock valued at $138,254,000 after purchasing an additional 11,353 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other Universal Health Services news, Director Maria Ruderman Singer sold 1,000 shares of Universal Health Services stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $179.16, for a total transaction of $179,160.00. Following the transaction, the director now directly owns 7,916 shares of the company's stock, valued at $1,418,230.56. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.10% of the company's stock.

Universal Health Services Price Performance

UHS stock traded down $1.46 during mid-day trading on Wednesday, reaching $184.45. The company's stock had a trading volume of 1,056,861 shares, compared to its average volume of 711,128. 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 company's 50 day moving average is $181.82 and its two-hundred day moving average is $197.84. Universal Health Services, Inc. has a fifty-two week low of $152.69 and a fifty-two week high of $243.25. The stock has a market cap of $11.99 billion, a PE ratio of 12.26, a P/E/G ratio of 0.53 and a beta of 1.32.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The health services provider reported $4.92 EPS for the quarter, beating the consensus estimate of $4.21 by $0.71. The firm had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.01 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. Equities research analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Universal Health Services's dividend payout ratio is presently 4.75%.

Wall Street Analysts Forecast Growth

UHS has been the topic of a number of recent analyst reports. Stephens increased their price target on shares of Universal Health Services from $210.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Barclays lowered their target price on shares of Universal Health Services from $271.00 to $249.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Cantor Fitzgerald upgraded Universal Health Services from a "neutral" rating to an "overweight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group downgraded Universal Health Services from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $228.00 to $198.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company cut their price objective on Universal Health Services from $230.00 to $225.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Universal Health Services presently has an average rating of "Moderate Buy" and a consensus target price of $228.38.

Universal Health Services Company 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.