Lazard Asset Management LLC reduced its position in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 98.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,697 shares of the health services provider’s stock after selling 173,541 shares during the period. Lazard Asset Management LLC’s holdings in Universal Health Services were worth $349,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in UHS. National Bank of Canada FI purchased a new position in Universal Health Services during the 4th quarter valued at about $32,000. CI Investments Inc. purchased a new position in Universal Health Services during the 3rd quarter valued at about $45,000. Quadrant Capital Group LLC grew its holdings in Universal Health Services by 389.1% during the 4th quarter. Quadrant Capital Group LLC now owns 856 shares of the health services provider’s stock valued at $111,000 after buying an additional 681 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in Universal Health Services during the 4th quarter valued at about $174,000. Finally, CWM LLC purchased a new position in Universal Health Services during the 4th quarter valued at about $179,000. Institutional investors and hedge funds own 89.41% of the company’s stock.
A number of research analysts have weighed in on the company. Citigroup lifted their target price on Universal Health Services from $162.00 to $167.00 in a report on Tuesday, March 1st. Royal Bank of Canada cut their price objective on Universal Health Services from $149.00 to $130.00 in a report on Wednesday, April 27th. StockNews.com lowered Universal Health Services from a “buy” rating to a “hold” rating in a report on Friday, April 29th. UBS Group boosted their price objective on Universal Health Services from $124.00 to $134.00 and gave the stock a “sell” rating in a report on Monday, March 7th. Finally, SVB Leerink boosted their price objective on Universal Health Services from $136.00 to $139.00 and gave the stock a “market perform” rating in a report on Monday, February 28th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Universal Health Services currently has a consensus rating of “Hold” and an average target price of $149.69.
Shares of UHS opened at $124.66 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98. Universal Health Services, Inc. has a 1 year low of $116.23 and a 1 year high of $165.00. The stock has a 50 day simple moving average of $140.89 and a two-hundred day simple moving average of $134.17. The firm has a market cap of $9.33 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.45 and a beta of 1.10.
Universal Health Services (NYSE:UHS – Get Rating) last announced its quarterly earnings data on Monday, April 25th. The health services provider reported $2.15 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.32). Universal Health Services had a net margin of 7.25% and a return on equity of 15.06%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $2.44 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Universal Health Services, Inc. will post 12 earnings per share for the current year.
Universal Health Services declared that its Board of Directors has approved a share repurchase plan on Thursday, February 24th that allows the company to buyback $1.40 billion in shares. This buyback authorization allows the health services provider to buy up to 12.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Universal Health Services Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Universal Health Services (UHS)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.com's FREE daily email newsletter.