Allspring Global Investments Holdings LLC Sells 2,355 Shares of Universal Health Services, Inc. (NYSE:UHS)

Allspring Global Investments Holdings LLC lessened its holdings in Universal Health Services, Inc. (NYSE:UHS) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,253 shares of the health services provider’s stock after selling 2,355 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Universal Health Services were worth $496,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of Universal Health Services by 48.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,967,220 shares of the health services provider’s stock worth $247,339,000 after buying an additional 638,166 shares during the period. American Century Companies Inc. raised its stake in shares of Universal Health Services by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 1,707,708 shares of the health services provider’s stock worth $214,710,000 after purchasing an additional 195,650 shares during the period. Invesco Ltd. raised its stake in shares of Universal Health Services by 4.1% during the 3rd quarter. Invesco Ltd. now owns 3,398,974 shares of the health services provider’s stock worth $427,353,000 after purchasing an additional 134,122 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Universal Health Services during the 3rd quarter worth $7,634,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Universal Health Services in the 3rd quarter worth about $5,736,000. Institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

UHS has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $156.00 target price on shares of Universal Health Services in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price objective on Universal Health Services from $144.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Stephens reaffirmed an “equal weight” rating and issued a $185.00 price target on shares of Universal Health Services in a research note on Thursday. UBS Group increased their target price on Universal Health Services from $152.00 to $177.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company increased their target price on Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.07.

Universal Health Services Trading Down 0.5 %

Shares of NYSE UHS opened at $165.10 on Friday. Universal Health Services, Inc. has a twelve month low of $119.90 and a twelve month high of $183.61. The business has a fifty day simple moving average of $170.55 and a two-hundred day simple moving average of $153.10. The firm has a market cap of $11.10 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 0.77.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Wednesday, April 24th. The health services provider reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a return on equity of 12.08% and a net margin of 5.03%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the business posted $2.34 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. Analysts expect that Universal Health Services, Inc. will post 13.34 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Steve Filton sold 35,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $176.82, for a total value of $6,188,700.00. Following the sale, the chief financial officer now owns 68,785 shares in the company, valued at $12,162,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.10% of the company’s stock.

Universal Health Services Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's 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.