Cornercap Investment Counsel Inc. Has $1.99 Million Stock Position in Universal Health Services, Inc. (NYSE:UHS)

Cornercap Investment Counsel Inc. lessened its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 45.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,701 shares of the health services provider's stock after selling 7,159 shares during the period. Universal Health Services accounts for approximately 0.6% of Cornercap Investment Counsel Inc.'s holdings, making the stock its 12th biggest position. Cornercap Investment Counsel Inc.'s holdings in Universal Health Services were worth $1,993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Point72 Asset Management L.P. increased its position in shares of Universal Health Services by 362.3% during the second quarter. Point72 Asset Management L.P. now owns 322,626 shares of the health services provider's stock worth $59,663,000 after purchasing an additional 252,846 shares in the last quarter. Marshall Wace LLP boosted its holdings in Universal Health Services by 357.9% in the second quarter. Marshall Wace LLP now owns 261,221 shares of the health services provider's stock valued at $48,308,000 after purchasing an additional 204,178 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Universal Health Services by 1,191.8% in the first quarter. Lazard Asset Management LLC now owns 215,215 shares of the health services provider's stock valued at $39,267,000 after purchasing an additional 198,555 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Universal Health Services in the first quarter valued at $25,032,000. Finally, Goldentree Asset Management LP acquired a new position in shares of Universal Health Services in the first quarter worth about $21,378,000. Institutional investors own 86.05% of the company's stock.

Universal Health Services Price Performance

Shares of Universal Health Services stock traded up $0.68 during trading on Friday, reaching $201.69. The company's stock had a trading volume of 759,608 shares, compared to its average volume of 680,764. The stock has a 50-day moving average price of $221.73 and a two-hundred day moving average price of $204.89. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a one year low of $132.74 and a one year high of $243.25. The stock has a market capitalization of $13.45 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 0.65 and a beta of 1.29.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 15.75% and a net margin of 6.66%. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same period in the prior year, the business earned $2.55 earnings per share. Universal Health Services's revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Universal Health Services, Inc. will post 15.93 EPS for the current fiscal year.

Universal Health Services declared that its board has initiated a share buyback plan on Wednesday, July 24th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the health services provider to reacquire up to 8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

UHS has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Universal Health Services from $275.00 to $285.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $219.00 price objective on shares of Universal Health Services in a research report on Friday, October 25th. Bank of America initiated coverage on shares of Universal Health Services in a research report on Wednesday, November 6th. They issued a "neutral" rating and a $223.00 price objective for the company. Royal Bank of Canada reduced their price target 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, The Goldman Sachs Group increased their price objective on shares of Universal Health Services from $200.00 to $229.00 and gave the stock a "buy" rating in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued 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 $231.14.

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.