Exchange Traded Concepts LLC Raises Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Exchange Traded Concepts LLC raised its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 510.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,214 shares of the health services provider's stock after acquiring an additional 11,884 shares during the quarter. Exchange Traded Concepts LLC's holdings in Universal Health Services were worth $2,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in Universal Health Services by 22.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider's stock worth $9,721,000 after acquiring an additional 9,946 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Universal Health Services by 8.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,133 shares of the health services provider's stock worth $203,000 after purchasing an additional 84 shares during the last quarter. Principal Securities Inc. raised its stake in Universal Health Services by 26.9% during the 4th quarter. Principal Securities Inc. now owns 2,360 shares of the health services provider's stock valued at $423,000 after purchasing an additional 501 shares during the last quarter. Allworth Financial LP raised its position in shares of Universal Health Services by 4,850.0% during the fourth quarter. Allworth Financial LP now owns 3,267 shares of the health services provider's stock valued at $611,000 after buying an additional 3,201 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Universal Health Services by 3.6% in the fourth quarter. CIBC Asset Management Inc now owns 8,988 shares of the health services provider's stock valued at $1,613,000 after purchasing an additional 314 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,097 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total transaction of $210,053.56. Following the completion of the sale, the director now owns 7,884 shares of the company's stock, valued at approximately $1,509,628.32. This represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UHS shares. Royal Bank Of Canada dropped their price target on Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating for the company in a report on Wednesday, April 30th. Morgan Stanley assumed coverage on Universal Health Services in a research note on Wednesday, March 26th. They issued an "equal weight" rating and a $200.00 target price for the company. Barclays lifted their target price on Universal Health Services from $249.00 to $257.00 and gave the company an "overweight" rating in a research note on Tuesday, April 29th. Guggenheim started coverage on Universal Health Services in a research report on Wednesday, April 9th. They issued a "buy" rating and a $208.00 price objective for the company. Finally, Stephens upgraded Universal Health Services to a "hold" rating in a research report on Monday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $224.77.

Universal Health Services Stock Performance

Shares of NYSE UHS traded up $0.54 during midday trading on Friday, reaching $171.78. The company's stock had a trading volume of 1,572,510 shares, compared to its average volume of 775,870. Universal Health Services, Inc. has a 12-month low of $153.99 and a 12-month high of $243.25. The firm has a 50 day moving average price of $180.76 and a 200-day moving average price of $181.88. The stock has a market capitalization of $11.17 billion, a P/E ratio of 9.64, a PEG ratio of 0.70 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.32 and a quick ratio of 1.23.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The health services provider reported $4.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $0.48. Universal Health Services had a net margin of 7.44% and a return on equity of 17.79%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.16 billion. During the same quarter last year, the business posted $3.70 EPS. Universal Health Services's quarterly revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts predict that Universal Health Services, Inc. will post 15.92 earnings per share for the current year.

Universal Health Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Universal Health Services's payout ratio is currently 4.49%.

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.