Rhumbline Advisers Reduces Stake in Universal Health Services, Inc. $UHS

Rhumbline Advisers cut its stake in Universal Health Services, Inc. (NYSE:UHS) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,610 shares of the health services provider’s stock after selling 8,027 shares during the quarter. Rhumbline Advisers owned about 0.21% of Universal Health Services worth $26,702,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UHS. SBI Securities Co. Ltd. boosted its holdings in shares of Universal Health Services by 320.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 126 shares of the health services provider’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Universal Health Services during the third quarter valued at approximately $28,000. CYBER HORNET ETFs LLC purchased a new position in shares of Universal Health Services during the second quarter valued at approximately $29,000. MUFG Securities EMEA plc bought a new stake in shares of Universal Health Services in the 2nd quarter worth approximately $31,000. Finally, Quent Capital LLC purchased a new stake in shares of Universal Health Services in the 3rd quarter worth approximately $37,000. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Price Performance

NYSE UHS opened at $234.86 on Monday. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.74 and a beta of 1.26. Universal Health Services, Inc. has a 1-year low of $152.33 and a 1-year high of $246.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.03 and a quick ratio of 0.96. The business’s fifty day moving average price is $215.39 and its 200-day moving average price is $207.07.

Universal Health Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 2nd. Universal Health Services’s payout ratio is 3.80%.

Analysts Set New Price Targets

Several research firms have commented on UHS. Zacks Research raised Universal Health Services from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial set a $270.00 price target on shares of Universal Health Services and gave the stock an “outperform” rating in a research note on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Universal Health Services in a report on Thursday, January 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Universal Health Services in a report on Monday, December 29th. Finally, TD Cowen reduced their price target on shares of Universal Health Services from $251.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Universal Health Services currently has an average rating of “Hold” and an average target price of $234.13.

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.