Envestnet Asset Management Inc. Reduces Stock Holdings in Universal Health Services, Inc. $UHS

Key Points

• Envestnet Asset Management reduced its UHS stake by 69% in the second quarter, selling 34,622 shares and retaining 15,557 shares valued at approximately $2.3 million.
• Other major institutional investors increased their positions, and institutions and hedge funds collectively own 86.05% of UHS shares.
• Analysts maintain a consensus “Hold” rating with a $204.94 price target. UHS recently exceeded quarterly earnings and revenue estimates, reporting $5.98 EPS and $4.64 billion in revenue, while paying a quarterly dividend of $0.20 per share.

Envestnet Asset Management Inc. cut its stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 69.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,557 shares of the health services provider's stock after selling 34,622 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Universal Health Services were worth $2,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UHS. First Eagle Investment Management LLC lifted its position in shares of Universal Health Services by 2.9% in the 2nd 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 acquiring an additional 130,389 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Universal Health Services by 12.1% during the 1st 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Universal Health Services by 1.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,226,577 shares of the health services provider's stock worth $219,520,000 after purchasing an additional 20,577 shares in the last quarter. Allianz Asset Management GmbH grew its position in Universal Health Services by 13.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 377,986 shares of the health services provider's stock worth $56,203,000 after purchasing an additional 45,310 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Universal Health Services by 6.0% during the 1st quarter. Lazard Asset Management LLC now owns 374,155 shares of the health services provider's stock valued at $66,963,000 after purchasing an additional 21,333 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UHS. UBS Group restated a "buy" rating on shares of Universal Health Services in a report on Monday, August 31st. Wells Fargo & Company upped their price target on Universal Health Services from $165.00 to $166.00 and gave the company an "equal weight" rating in a research report on Monday, July 13th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $183.00 price objective on shares of Universal Health Services in a research note on Thursday, August 20th. Weiss Ratings upgraded Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Finally, Robert W. Baird lowered their target price on Universal Health Services from $204.00 to $166.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $204.94.

Universal Health Services Stock Up 0.3%

UHS stock opened at $176.25 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. Universal Health Services, Inc. has a 1 year low of $140.08 and a 1 year high of $246.32. The company has a fifty day simple moving average of $173.28 and a 200 day simple moving average of $166.58. The firm has a market cap of $10.39 billion, a PE ratio of 7.18, a PEG ratio of 1.08 and a beta of 1.03.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, beating analysts' consensus estimates of $5.94 by $0.04. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.58 billion. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.35 EPS. Sell-side analysts anticipate that Universal Health Services, Inc. will post 22.93 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 1st. Universal Health Services's dividend payout ratio (DPR) is currently 3.26%.

About Universal Health Services

Universal Health Services, Inc NYSE: UHS is a diversified healthcare services company that owns and operates hospitals, outpatient centers, and other healthcare facilities. Its operations are organized primarily around acute care hospitals and behavioral health services.

The company's acute care facilities provide services such as general hospital care, emergency medicine, surgery, imaging, women's health, and specialized treatment programs. Its behavioral health facilities offer inpatient and outpatient care for mental health conditions, substance use disorders, and related behavioral health needs.

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