Globeflex Capital L P Buys Shares of 41,697 Universal Health Services, Inc. $UHS

Key Points

• Globeflex Capital initiated a position in Universal Health Services by purchasing 41,697 shares valued at approximately $6.2 million. Institutional investors collectively own 86.05% of UHS.
• Analyst sentiment remains cautious, with five Buy ratings and 12 Hold ratings. The consensus rating is Hold, with an average price target of $204.93.
• UHS exceeded quarterly expectations, reporting $5.98 in earnings per share and $4.64 billion in revenue, up 8.3% year over year. The company also declared a quarterly dividend of $0.20 per share.

Globeflex Capital L P purchased a new position in Universal Health Services, Inc. (NYSE:UHS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,697 shares of the health services provider's stock, valued at approximately $6,200,000. Globeflex Capital L P owned approximately 0.07% of Universal Health Services as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westport Asset Management Inc. bought a new stake in shares of Universal Health Services during the second quarter valued at about $9,674,000. Foster & Motley Inc. bought a new position in Universal Health Services in the 2nd quarter valued at about $240,000. Wedge Capital Management L L P NC grew its position in Universal Health Services by 13.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 48,425 shares of the health services provider's stock valued at $7,200,000 after buying an additional 5,624 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Universal Health Services by 0.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 14,900 shares of the health services provider's stock valued at $2,215,000 after buying an additional 100 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Universal Health Services by 69.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,217 shares of the health services provider's stock valued at $330,000 after buying an additional 907 shares during the period. Institutional investors own 86.05% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UHS. JPMorgan Chase & Co. reduced their price target on shares of Universal Health Services from $235.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, May 20th. Wells Fargo & Company boosted their target price on Universal Health Services from $165.00 to $166.00 and gave the stock an "equal weight" rating in a report on Monday, July 13th. Cantor Fitzgerald restated a "neutral" rating and issued a $194.00 target price on shares of Universal Health Services in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft decreased their price target on Universal Health Services from $261.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded Universal Health Services from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $204.93.

Universal Health Services Stock Performance

NYSE:UHS opened at $177.14 on Monday. Universal Health Services, Inc. has a twelve month low of $140.08 and a twelve month high of $246.32. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $157.95 and a 200-day moving average of $174.71. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 0.95 and a beta of 1.05.

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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.58 billion. During the same quarter in the previous year, the company posted $5.35 EPS. The business's revenue was up 8.3% compared to the same quarter last year. Analysts forecast that Universal Health Services, Inc. will post 23.08 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 $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services's payout ratio is 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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