Assenagon Asset Management S.A. bought a new stake in Universal Health Services, Inc. (NYSE:UHS – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 45,623 shares of the health services provider’s stock, valued at approximately $5,736,000. Assenagon Asset Management S.A. owned about 0.07% of Universal Health Services at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Universal Health Services by 9.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,079 shares of the health services provider’s stock worth $1,461,000 after purchasing an additional 828 shares in the last quarter. HighTower Advisors LLC increased its position in Universal Health Services by 1.6% during the first quarter. HighTower Advisors LLC now owns 11,674 shares of the health services provider’s stock worth $1,691,000 after buying an additional 181 shares during the period. MetLife Investment Management LLC lifted its stake in Universal Health Services by 22.9% in the first quarter. MetLife Investment Management LLC now owns 19,853 shares of the health services provider’s stock valued at $2,878,000 after buying an additional 3,699 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Universal Health Services by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,784 shares of the health services provider’s stock valued at $1,418,000 after acquiring an additional 606 shares during the period. Finally, BlackRock Inc. grew its position in shares of Universal Health Services by 2.3% during the first quarter. BlackRock Inc. now owns 5,026,512 shares of the health services provider’s stock worth $728,594,000 after acquiring an additional 113,259 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
UHS has been the subject of several research reports. StockNews.com upgraded shares of Universal Health Services from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. The Goldman Sachs Group upgraded shares of Universal Health Services from a “sell” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Monday, December 11th. Wells Fargo & Company raised Universal Health Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $144.00 to $177.00 in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Universal Health Services from $152.00 to $144.00 and set a “neutral” rating for the company in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.07.
Universal Health Services Price Performance
Shares of NYSE UHS opened at $158.92 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $149.35 and its 200 day moving average price is $137.71. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.36 and a beta of 1.25. Universal Health Services, Inc. has a 52 week low of $113.69 and a 52 week high of $161.20.
Universal Health Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, February 29th. Universal Health Services’s payout ratio is currently 8.39%.
About Universal Health Services
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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