Universal Health Services, Inc. $UHS Shares Sold by Summit Global Investments

Summit Global Investments cut its stake in shares of Universal Health Services, Inc. (NYSE:UHS) by 74.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,126 shares of the health services provider’s stock after selling 6,195 shares during the period. Summit Global Investments’ holdings in Universal Health Services were worth $435,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ruffer LLP purchased a new stake in Universal Health Services during the 3rd quarter worth about $18,130,000. AustralianSuper Pty Ltd lifted its stake in Universal Health Services by 4.9% during the third quarter. AustralianSuper Pty Ltd now owns 225,038 shares of the health services provider’s stock worth $46,007,000 after purchasing an additional 10,548 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Universal Health Services by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,990 shares of the health services provider’s stock valued at $2,042,000 after purchasing an additional 165 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Universal Health Services by 1.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,806 shares of the health services provider’s stock valued at $2,209,000 after purchasing an additional 142 shares during the last quarter. Finally, Intact Investment Management Inc. raised its holdings in Universal Health Services by 780.8% during the third quarter. Intact Investment Management Inc. now owns 11,450 shares of the health services provider’s stock worth $2,341,000 after purchasing an additional 10,150 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Buying and Selling at Universal Health Services

In related news, Director Warren J. Nimetz sold 3,817 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $223.30, for a total value of $852,336.10. Following the sale, the director directly owned 8,481 shares in the company, valued at $1,893,807.30. The trade was a 31.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UHS. Guggenheim boosted their price target on shares of Universal Health Services from $253.00 to $274.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Zacks Research raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of Universal Health Services in a research note on Thursday, October 30th. Wall Street Zen raised Universal Health Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, Cantor Fitzgerald increased their price objective on Universal Health Services from $227.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Universal Health Services has an average rating of “Hold” and an average price target of $234.13.

Universal Health Services Trading Up 0.5%

Shares of UHS stock opened at $201.17 on Friday. The business’s fifty day moving average price is $219.56 and its 200 day moving average price is $203.01. Universal Health Services, Inc. has a 1-year low of $152.33 and a 1-year high of $246.32. The firm has a market capitalization of $12.57 billion, a PE ratio of 9.56, a P/E/G ratio of 0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.03 and a quick ratio of 0.96.

Universal Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.20 dividend. 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 dividend payout ratio is 3.80%.

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.