Denali Advisors LLC Makes New Investment in Universal Health Services, Inc. (NYSE:UHS)

Denali Advisors LLC purchased a new stake in Universal Health Services, Inc. (NYSE:UHS) in the first quarter, Holdings Channel reports. The institutional investor purchased 205 shares of the health services provider’s stock, valued at approximately $37,000.

Other large investors also recently modified their holdings of the company. Todd Asset Management LLC lifted its stake in shares of Universal Health Services by 17.9% in the 4th quarter. Todd Asset Management LLC now owns 159,605 shares of the health services provider’s stock valued at $24,330,000 after acquiring an additional 24,279 shares during the last quarter. 8 Knots Management LLC bought a new position in shares of Universal Health Services in the 4th quarter valued at $40,010,000. Russell Investments Group Ltd. lifted its stake in shares of Universal Health Services by 14.2% in the 4th quarter. Russell Investments Group Ltd. now owns 74,240 shares of the health services provider’s stock valued at $11,317,000 after acquiring an additional 9,221 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Universal Health Services by 12,924.9% in the 4th quarter. Point72 Asset Management L.P. now owns 503,935 shares of the health services provider’s stock valued at $76,820,000 after acquiring an additional 500,066 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Universal Health Services by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,090,010 shares of the health services provider’s stock valued at $137,047,000 after acquiring an additional 37,243 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors.

Universal Health Services Stock Up 0.4 %

Shares of UHS traded up $0.67 during trading hours on Wednesday, hitting $185.39. The stock had a trading volume of 239,216 shares, compared to its average volume of 607,305. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.38 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $180.83 and a 200-day simple moving average of $169.93. The firm has a market capitalization of $12.41 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.91 and a beta of 1.28. Universal Health Services, Inc. has a 1-year low of $119.90 and a 1-year high of $194.02.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the business earned $2.34 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Sell-side analysts predict that Universal Health Services, Inc. will post 13.76 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Universal Health Services’s dividend payout ratio is currently 6.78%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UHS shares. StockNews.com upgraded Universal Health Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 7th. UBS Group upgraded Universal Health Services from a “neutral” rating to a “buy” rating and increased their price target for the company from $189.00 to $226.00 in a research note on Monday, May 20th. Barclays raised their target price on Universal Health Services from $181.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Robert W. Baird raised Universal Health Services from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $198.00 to $236.00 in a research report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Universal Health Services from $208.00 to $203.00 and set a “buy” rating for the company in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.57.

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.