Universal Health Services, Inc. $UHS Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its position in Universal Health Services, Inc. (NYSE:UHS) by 70.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,405 shares of the health services provider’s stock after selling 3,415 shares during the quarter. QRG Capital Management Inc.’s holdings in Universal Health Services were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UHS. NewEdge Advisors LLC raised its position in Universal Health Services by 2.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,665 shares of the health services provider’s stock valued at $501,000 after purchasing an additional 69 shares during the last quarter. United Services Automobile Association acquired a new position in Universal Health Services in the first quarter valued at $235,000. Focus Partners Wealth raised its holdings in shares of Universal Health Services by 80.6% in the first quarter. Focus Partners Wealth now owns 2,631 shares of the health services provider’s stock valued at $494,000 after buying an additional 1,174 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Universal Health Services by 16.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,029 shares of the health services provider’s stock valued at $1,851,000 after buying an additional 1,430 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Universal Health Services by 22.9% during the second quarter. Farther Finance Advisors LLC now owns 354 shares of the health services provider’s stock worth $64,000 after buying an additional 66 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Stock Performance

Shares of UHS opened at $205.03 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.55. Universal Health Services, Inc. has a 52-week low of $152.33 and a 52-week high of $246.32. The company has a 50-day simple moving average of $222.12 and a 200-day simple moving average of $202.29. The company has a market capitalization of $12.81 billion, a PE ratio of 9.74, a P/E/G ratio of 0.64 and a beta of 1.28.

Universal Health Services (NYSE:UHS) last issued its earnings results on Tuesday, October 28th. The health services provider reported $5.69 earnings per share for the quarter, topping the consensus estimate of $4.66 by $1.03. Universal Health Services had a net margin of 8.09% and a return on equity of 19.47%. The company had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the business posted $3.71 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts predict that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 0.4%. Universal Health Services’s payout ratio is currently 3.80%.

Insider Buying and Selling at Universal Health Services

In other Universal Health Services news, Director Warren J. Nimetz sold 3,817 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $223.30, for a total transaction of $852,336.10. Following the sale, the director directly owned 8,481 shares in the company, valued at approximately $1,893,807.30. The trade was a 31.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elliot J. Md Mba Sussman sold 965 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $225.70, for a total value of $217,800.50. Following the completion of the transaction, the director owned 6,113 shares of the company’s stock, valued at approximately $1,379,704.10. This represents a 13.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group started coverage on Universal Health Services in a research note on Tuesday, October 14th. They set a “neutral” rating and a $219.00 price objective for the company. Guggenheim upped their price target on Universal Health Services from $253.00 to $274.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Universal Health Services in a report on Thursday, October 30th. Morgan Stanley set a $233.00 price objective on shares of Universal Health Services in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald raised their target price on shares of Universal Health Services from $227.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $234.13.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.