Universal Health Services, Inc. (NYSE:UHS) Shares Sold by Carrera Capital Advisors

Carrera Capital Advisors lessened its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 41.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,873 shares of the health services provider's stock after selling 7,651 shares during the quarter. Carrera Capital Advisors' holdings in Universal Health Services were worth $2,490,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Financial Management Professionals Inc. acquired a new stake in Universal Health Services in the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted its position in shares of 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 buying an additional 167 shares during the last quarter. Innealta Capital LLC acquired a new position in Universal Health Services in the second quarter valued at $35,000. Headlands Technologies LLC acquired a new stake in shares of 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 during the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

UHS has been the topic of a number of recent research reports. StockNews.com lowered Universal Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company boosted their price objective on shares of Universal Health Services from $275.00 to $285.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Barclays lifted their target price on shares of Universal Health Services from $256.00 to $271.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Royal Bank of Canada reduced their price objective on shares of Universal Health Services from $222.00 to $211.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Finally, KeyCorp assumed coverage on Universal Health Services in a research report on Friday, October 11th. They set a "sector weight" rating on the stock. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $231.14.

Universal Health Services Trading Down 1.8 %

Shares of NYSE UHS traded down $3.75 during trading on Tuesday, hitting $204.81. 150,962 shares of the company traded hands, compared to its average volume of 678,408. The firm has a market capitalization of $13.66 billion, a P/E ratio of 13.87, a P/E/G ratio of 0.66 and a beta of 1.29. 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 has a 50-day moving average price of $223.83 and a 200-day moving average price of $204.65. Universal Health Services, Inc. has a 1 year low of $129.34 and a 1 year high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing the consensus estimate 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 business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.55 earnings per share. On average, equities analysts predict that Universal Health Services, Inc. will post 15.93 EPS for the current year.

Universal Health Services announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the health services provider to buy up to 8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.

Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.