Allspring Global Investments Holdings LLC Grows Stake in Universal Health Services, Inc. $UHS

Key Points

• Allspring Global Investments increased its stake in Universal Health Services by a remarkable 1,220.5%, acquiring a total of 50,773 shares valued at approximately $9.6 million.
• Universal Health Services reported a quarterly EPS of $5.35, exceeding analysts' expectations, and its revenue was up 9.6% year-over-year, reaching $4.28 billion.
• Current analysts have a mixed outlook on Universal Health Services, with four holding a Buy rating, nine a Hold rating, and an average price target of $218.69.

Allspring Global Investments Holdings LLC lifted its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 1,220.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,773 shares of the health services provider's stock after buying an additional 46,928 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Universal Health Services worth $9,593,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UHS. AQR Capital Management LLC lifted its holdings in shares of Universal Health Services by 57.8% in the first quarter. AQR Capital Management LLC now owns 931,355 shares of the health services provider's stock valued at $173,381,000 after purchasing an additional 340,966 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Universal Health Services by 329.4% in the 1st quarter. Ameriprise Financial Inc. now owns 404,806 shares of the health services provider's stock valued at $76,081,000 after buying an additional 310,531 shares in the last quarter. Nuveen LLC acquired a new stake in Universal Health Services during the 1st quarter valued at $25,555,000. Assenagon Asset Management S.A. increased its position in Universal Health Services by 119.5% during the second quarter. Assenagon Asset Management S.A. now owns 241,164 shares of the health services provider's stock worth $43,687,000 after buying an additional 131,305 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Universal Health Services by 113.5% in the first quarter. Canada Pension Plan Investment Board now owns 242,500 shares of the health services provider's stock worth $45,566,000 after acquiring an additional 128,900 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Price Performance

Shares of NYSE UHS opened at $204.48 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.29 and a quick ratio of 1.19. Universal Health Services, Inc. has a 1-year low of $152.33 and a 1-year high of $240.26. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.84 and a beta of 1.30. The business has a 50-day moving average of $191.08 and a 200-day moving average of $182.34.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, beating analysts' consensus estimates of $4.85 by $0.50. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.24 billion. Universal Health Services had a net margin of 7.66% and a return on equity of 18.25%. The business's revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $4.31 EPS. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. On average, equities analysts anticipate that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UHS shares. Wall Street Zen raised shares of Universal Health Services from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. JPMorgan Chase & Co. decreased their target price on shares of Universal Health Services from $215.00 to $195.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada lifted their target price on shares of Universal Health Services from $201.00 to $206.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 19th. Cantor Fitzgerald reissued a "neutral" rating and set a $227.00 price target on shares of Universal Health Services in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group assumed coverage on Universal Health Services in a report on Tuesday. They set a "neutral" rating and a $219.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Universal Health Services currently has an average rating of "Hold" and an average price target of $218.69.

About Universal Health Services

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.

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