CIBC Asset Management Inc Purchases 5,525 Shares of Universal Health Services, Inc. $UHS

CIBC Asset Management Inc lifted its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 70.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,317 shares of the health services provider’s stock after buying an additional 5,525 shares during the period. CIBC Asset Management Inc’s holdings in Universal Health Services were worth $2,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its holdings in shares of Universal Health Services by 31.5% during the 4th quarter. Pzena Investment Management LLC now owns 2,112,604 shares of the health services provider’s stock worth $460,590,000 after acquiring an additional 505,575 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Universal Health Services by 13.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,494,464 shares of the health services provider’s stock worth $305,510,000 after acquiring an additional 181,801 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Universal Health Services by 3.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,125,764 shares of the health services provider’s stock worth $230,151,000 after acquiring an additional 40,533 shares during the period. Norges Bank bought a new position in Universal Health Services in the 4th quarter valued at approximately $199,334,000. Finally, American Century Companies Inc. lifted its stake in Universal Health Services by 22.1% in the 3rd quarter. American Century Companies Inc. now owns 781,145 shares of the health services provider’s stock valued at $159,698,000 after purchasing an additional 141,621 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Trading Down 0.0%

Shares of NYSE UHS opened at $145.14 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.01 and a current ratio of 1.08. Universal Health Services, Inc. has a 52-week low of $140.76 and a 52-week high of $246.32. The firm has a 50 day moving average price of $169.69 and a two-hundred day moving average price of $199.15. The stock has a market cap of $8.79 billion, a P/E ratio of 6.05, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Tuesday, April 28th. The health services provider reported $5.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $0.21. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. The firm had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the company posted $4.84 EPS. The company’s revenue was up 9.6% on a year-over-year basis. As a group, equities analysts forecast that Universal Health Services, Inc. will post 23.47 EPS for the current year.

Universal Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 8th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 8th. Universal Health Services’s payout ratio is currently 3.33%.

Analyst Ratings Changes

Several brokerages recently commented on UHS. Wells Fargo & Company began coverage on shares of Universal Health Services in a research note on Monday, June 1st. They issued an “equal weight” rating and a $165.00 price objective for the company. Guggenheim dropped their price objective on shares of Universal Health Services from $238.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Raymond James Financial downgraded shares of Universal Health Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Barclays dropped their price objective on shares of Universal Health Services from $268.00 to $238.00 and set an “overweight” rating for the company in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Universal Health Services from $235.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Universal Health Services presently has an average rating of “Hold” and an average target price of $218.63.

Universal Health Services 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.