Universal Health Services, Inc. (UHS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 33.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,081 shares of the health services provider’s stock after purchasing an additional 30,904 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.13% of Universal Health Services worth $15,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Millennium Management LLC acquired a new stake in Universal Health Services during the first quarter valued at approximately $3,686,000. Royal Bank of Canada raised its stake in Universal Health Services by 24.5% during the first quarter. Royal Bank of Canada now owns 19,754 shares of the health services provider’s stock valued at $2,339,000 after buying an additional 3,881 shares in the last quarter. Principal Financial Group Inc. raised its stake in Universal Health Services by 7.4% during the first quarter. Principal Financial Group Inc. now owns 345,153 shares of the health services provider’s stock valued at $40,869,000 after buying an additional 23,729 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Universal Health Services by 10.8% during the first quarter. Allianz Asset Management GmbH now owns 106,592 shares of the health services provider’s stock valued at $12,621,000 after buying an additional 10,396 shares in the last quarter. Finally, DnB Asset Management AS acquired a new stake in Universal Health Services during the second quarter valued at approximately $1,716,000. 88.15% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on UHS. Leerink Swann cut their price objective on Universal Health Services from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Morgan Stanley cut their price objective on Universal Health Services from $134.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Monday, October 29th. Barclays cut their price objective on Universal Health Services from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Monday, October 29th. Citigroup cut their price objective on Universal Health Services from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Bank of America upgraded Universal Health Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $128.00 to $155.00 in a research note on Tuesday, September 18th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $136.31.

NYSE:UHS opened at $131.49 on Friday. The company has a market cap of $12.09 billion, a PE ratio of 14.15, a P/E/G ratio of 1.29 and a beta of 0.80. Universal Health Services, Inc. has a 52 week low of $95.26 and a 52 week high of $132.63. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 1.01.

Universal Health Services (NYSE:UHS) last posted its earnings results on Thursday, October 25th. The health services provider reported $2.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.22. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.68 billion. Universal Health Services had a return on equity of 16.33% and a net margin of 7.89%. Equities research analysts anticipate that Universal Health Services, Inc. will post 9.47 EPS for the current year.

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Universal Health Services Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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