First Citizens Bank & Trust Co. Raises Holdings in Universal Health Services, Inc. $UHS

Key Points

• First Citizens Bank & Trust Co. increased its holdings in Universal Health Services, Inc. by 28.5% during the second quarter, owning approximately 0.06% of the company valued at $7.3 million.
• Several hedge funds have significantly modified their stakes in Universal Health Services, with Ameriprise Financial Inc. increasing its position by 329.4% during the first quarter.
• Analysts have varying ratings on the stock, with a consensus rating of "Hold" and an average target price of $218.69 following recent earnings that beat expectations.

First Citizens Bank & Trust Co. boosted its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 28.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,424 shares of the health services provider's stock after buying an additional 8,971 shares during the period. First Citizens Bank & Trust Co. owned approximately 0.06% of Universal Health Services worth $7,323,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UHS. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Universal Health Services in the 2nd quarter worth $87,373,000. AQR Capital Management LLC lifted its stake in shares of Universal Health Services by 57.8% in the 1st 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 during the last quarter. Ameriprise Financial Inc. increased its position in shares of Universal Health Services by 329.4% during the 1st quarter. Ameriprise Financial Inc. now owns 404,806 shares of the health services provider's stock valued at $76,081,000 after purchasing an additional 310,531 shares during the last quarter. Nuveen LLC purchased a new stake in Universal Health Services during the 1st quarter valued at $25,555,000. Finally, Assenagon Asset Management S.A. lifted its position in Universal Health Services by 119.5% in 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 during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Universal Health Services from $210.00 to $249.00 and gave the stock an "overweight" rating in a report on Tuesday, October 7th. Robert W. Baird lowered their target price on shares of Universal Health Services from $243.00 to $203.00 and set a "neutral" rating for the company in a research note on Thursday, August 14th. Barclays reduced their price target on shares of Universal Health Services from $259.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, September 18th. UBS Group set a $227.00 price objective on shares of Universal Health Services in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Universal Health Services in a research note on Wednesday, October 8th. Four equities research 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. Based on data from MarketBeat, Universal Health Services presently has a consensus rating of "Hold" and an average target price of $218.69.

Universal Health Services Stock Performance

UHS opened at $209.03 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. Universal Health Services, Inc. has a 12-month low of $152.33 and a 12-month high of $235.16. The firm has a 50 day moving average of $193.05 and a two-hundred day moving average of $182.88. The firm has a market capitalization of $13.30 billion, a PE ratio of 11.01, a P/E/G ratio of 0.85 and a beta of 1.30.

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

Universal Health Services 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.

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