First Eagle Investment Management LLC Acquires 130,389 Shares of Universal Health Services, Inc. $UHS

Key Points

• First Eagle Investment Management increased its Universal Health Services stake by 130,389 shares, bringing its holdings to 4.55 million shares, or approximately 7.73% of the company. Institutional investors collectively own 86.05% of UHS.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $204.93 after several firms lowered their targets.
• UHS exceeded quarterly expectations, reporting $5.98 in EPS and $4.64 billion in revenue, up 8.3% year over year. The company also declared a quarterly dividend of $0.20 per share, representing a 0.5% annualized yield.

First Eagle Investment Management LLC raised its holdings in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,554,670 shares of the health services provider's stock after buying an additional 130,389 shares during the quarter. First Eagle Investment Management LLC owned about 7.73% of Universal Health Services worth $677,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of UHS. California State Teachers Retirement System boosted its position in shares of Universal Health Services by 13,398.3% during the 2nd quarter. California State Teachers Retirement System now owns 8,822,521 shares of the health services provider's stock valued at $1,311,821,000 after acquiring an additional 8,757,161 shares during the last quarter. Paralel Advisors LLC purchased a new stake in Universal Health Services in the second quarter valued at approximately $1,919,000. AlphaGrep UK Ltd purchased a new stake in Universal Health Services in the second quarter valued at approximately $746,000. BAM Wealth Management LLC bought a new stake in Universal Health Services during the second quarter valued at approximately $415,000. Finally, Concurrent Investment Advisors LLC lifted its position in Universal Health Services by 13.5% during the second quarter. Concurrent Investment Advisors LLC now owns 1,465 shares of the health services provider's stock valued at $218,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UHS shares. Guggenheim decreased their price target on shares of Universal Health Services from $195.00 to $189.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Barclays dropped their price objective on shares of Universal Health Services from $179.00 to $168.00 and set an "equal weight" rating for the company in a report on Tuesday, July 28th. Weiss Ratings raised Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 18th. Morgan Stanley reduced their target price on Universal Health Services from $212.00 to $191.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group dropped their price target on Universal Health Services from $242.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $204.93.

Universal Health Services Trading Down 0.1%

UHS stock opened at $169.43 on Monday. The company has a market capitalization of $9.99 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06. Universal Health Services, Inc. has a one year low of $140.08 and a one year high of $246.32. The company's 50 day moving average price is $163.60 and its two-hundred day moving average price is $171.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.94 by $0.04. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the prior year, the company earned $5.35 EPS. The firm's revenue was up 8.3% on a year-over-year basis. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 1st. Universal Health Services's dividend payout ratio is presently 3.26%.

Universal Health Services Profile

Universal Health Services, Inc NYSE: UHS is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS's facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.

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