Universal Health Services, Inc. (NYSE:UHS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its holdings in Universal Health Services, Inc. (NYSE:UHS) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,131 shares of the health services provider’s stock after selling 853 shares during the quarter. Texas Permanent School Fund’s holdings in Universal Health Services were worth $2,251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Universal Health Services by 10.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 30,422 shares of the health services provider’s stock worth $3,967,000 after acquiring an additional 2,945 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Universal Health Services by 5.0% during the second quarter. CIBC Asset Management Inc now owns 13,102 shares of the health services provider’s stock worth $1,708,000 after purchasing an additional 626 shares during the period. United Capital Financial Advisers LLC acquired a new stake in shares of Universal Health Services during the second quarter worth about $231,000. Nuance Investments LLC lifted its holdings in shares of Universal Health Services by 167.5% during the second quarter. Nuance Investments LLC now owns 288,539 shares of the health services provider’s stock worth $37,623,000 after purchasing an additional 180,661 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Universal Health Services by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 243,236 shares of the health services provider’s stock worth $31,716,000 after purchasing an additional 16,894 shares during the period. 87.65% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on UHS. Royal Bank of Canada lifted their target price on Universal Health Services to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Zacks Investment Research raised Universal Health Services from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Monday, September 2nd. Credit Suisse Group lifted their target price on Universal Health Services from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Morgan Stanley lifted their target price on Universal Health Services from $135.00 to $146.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Barclays decreased their target price on Universal Health Services from $145.00 to $138.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $150.00.

Shares of NYSE:UHS opened at $141.13 on Friday. Universal Health Services, Inc. has a 12-month low of $112.79 and a 12-month high of $157.79. The company has a market capitalization of $12.38 billion, a PE ratio of 14.81, a PEG ratio of 1.77 and a beta of 1.06. The business has a 50 day moving average of $144.25 and a two-hundred day moving average of $136.67. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.76.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Thursday, October 24th. The health services provider reported $1.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.31). Universal Health Services had a net margin of 6.48% and a return on equity of 15.80%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the firm posted $2.23 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that Universal Health Services, Inc. will post 9.81 earnings per share for the current fiscal year.

About Universal Health Services

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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