Engineers Gate Manager LP Acquires 9,511 Shares of Universal Health Services, Inc. $UHS

Key Points

• Engineers Gate Manager LP increased its Universal Health Services stake by 840.2% in the second quarter, acquiring 9,511 additional shares and bringing its holdings to 10,643 shares valued at approximately $1.58 million.
• UHS reported quarterly revenue of $4.64 billion and earnings of $5.98 per share, exceeding analyst estimates; revenue rose 8.3% year over year.
• The stock recently traded at $181.75, while analysts maintained a consensus “Hold” rating with an average price target of $204.93. UHS also declared a quarterly dividend of $0.20 per share.

Engineers Gate Manager LP grew its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 840.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,643 shares of the health services provider's stock after acquiring an additional 9,511 shares during the quarter. Engineers Gate Manager LP's holdings in Universal Health Services were worth $1,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in Universal Health Services in the 4th quarter worth about $199,334,000. Pzena Investment Management LLC boosted its stake in shares of Universal Health Services by 31.5% during the fourth quarter. Pzena Investment Management LLC now owns 2,112,604 shares of the health services provider's stock valued at $460,590,000 after purchasing an additional 505,575 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Universal Health Services by 12.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,781,262 shares of the health services provider's stock worth $318,812,000 after purchasing an additional 192,351 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Universal Health Services during the first quarter worth about $32,551,000. Finally, First Eagle Investment Management LLC increased its stake in shares of Universal Health Services by 2.9% in the second quarter. First Eagle Investment Management LLC now owns 4,554,670 shares of the health services provider's stock valued at $677,234,000 after buying an additional 130,389 shares during the period. Institutional investors own 86.05% of the company's stock.

Universal Health Services Trading Up 2.8%

NYSE UHS opened at $181.75 on Thursday. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 7.40, a P/E/G ratio of 1.09 and a beta of 1.06. Universal Health Services, Inc. has a 52 week low of $140.08 and a 52 week high of $246.32. The business has a 50 day moving average price of $166.77 and a 200-day moving average price of $168.26. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.94 by $0.04. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same period last year, the business earned $5.35 EPS. Universal Health Services's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Universal Health Services, Inc. will post 22.96 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Universal Health Services's dividend payout ratio (DPR) is 3.26%.

Wall Street Analysts Forecast Growth

UHS has been the subject of several recent research reports. Weiss Ratings upgraded shares of Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Barclays cut their price target on shares of Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 28th. Cantor Fitzgerald reissued a "neutral" rating and issued a $194.00 price objective on shares of Universal Health Services in a research note on Tuesday, July 28th. Morgan Stanley lowered their target price on Universal Health Services from $212.00 to $191.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 29th. Finally, Guggenheim cut their target price on Universal Health Services from $195.00 to $189.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $204.93.

About Universal Health Services

Universal Health Services, Inc NYSE: UHS is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare organizations. Its operations are primarily focused on acute care and behavioral health services, serving patients through a network of hospitals, treatment centers and ambulatory facilities.

The company's acute care activities include general and specialty hospitals that provide services such as emergency care, surgery, inpatient treatment and diagnostic procedures.

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