Cresset Asset Management LLC Acquires Shares of 1,410 Universal Health Services, Inc. $UHS

Key Points

• Cresset Asset Management LLC acquired 1,410 shares of Universal Health Services, Inc. for approximately $265,000 during the first quarter, reflecting ongoing interest from institutional investors in the company.
• Universal Health Services has seen varied analyst ratings, with a current average target price of $214.77 and analysts generally rating the stock as "Hold".
• The company reported a quarterly earnings per share (EPS) of $5.35, surpassing analysts' expectations, and has declared a quarterly dividend of $0.20 per share to be paid on September 16th.

Cresset Asset Management LLC purchased a new position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,410 shares of the health services provider's stock, valued at approximately $265,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of Universal Health Services during the 1st quarter worth about $30,000. Sentry Investment Management LLC bought a new stake in shares of Universal Health Services during the 1st quarter worth about $35,000. UMB Bank n.a. raised its position in shares of Universal Health Services by 49.3% during the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock worth $38,000 after buying an additional 67 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Universal Health Services by 89.7% during the 1st quarter. Federated Hermes Inc. now owns 258 shares of the health services provider's stock worth $48,000 after buying an additional 122 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of Universal Health Services during the 1st quarter worth about $74,000. 86.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UHS has been the topic of a number of research reports. Stephens upgraded shares of Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Wall Street Zen upgraded shares of Universal Health Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 23rd. Royal Bank Of Canada boosted 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 report on Tuesday, August 19th. JPMorgan Chase & Co. dropped 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 report on Monday, August 4th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $227.00 target price on shares of Universal Health Services in a report on Tuesday, August 26th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $214.77.

Universal Health Services Trading Up 0.3%

Shares of UHS stock traded up $0.50 during trading hours on Monday, reaching $181.72. 599,453 shares of the stock traded hands, compared to its average volume of 740,671. Universal Health Services, Inc. has a 1-year low of $152.33 and a 1-year high of $243.25. The business has a fifty day moving average price of $175.47 and a 200 day moving average price of $178.36. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $11.56 billion, a PE ratio of 9.57, a PEG ratio of 0.75 and a beta of 1.28.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.85 by $0.50. The firm had revenue of $4.28 billion for 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 company's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior 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 research analysts forecast that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 2nd. Universal Health Services's dividend payout ratio is currently 4.21%.

Universal Health Services Company 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.