Millennium Management LLC Reduces Stock Holdings in Universal Health Services, Inc. $UHS

Millennium Management LLC decreased its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 52.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 330,444 shares of the health services provider's stock after selling 364,562 shares during the quarter. Millennium Management LLC owned about 0.51% of Universal Health Services worth $62,090,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UHS. AQR Capital Management LLC boosted its holdings 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 worth $173,381,000 after purchasing an additional 340,966 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Universal Health Services by 329.4% in the 1st quarter. Ameriprise Financial Inc. now owns 404,806 shares of the health services provider's stock worth $76,081,000 after purchasing an additional 310,531 shares during the period. Twinbeech Capital LP boosted its holdings in shares of Universal Health Services by 1,151.1% in the 4th quarter. Twinbeech Capital LP now owns 152,454 shares of the health services provider's stock worth $27,353,000 after purchasing an additional 140,268 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Universal Health Services by 16,935.6% in the 1st quarter. GAMMA Investing LLC now owns 138,670 shares of the health services provider's stock worth $26,056,000 after purchasing an additional 137,856 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Universal Health Services in the 1st quarter worth approximately $25,555,000. Hedge funds and other institutional investors own 86.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Universal Health Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 23rd. Barclays boosted their price objective on Universal Health Services from $257.00 to $259.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Stephens upgraded Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Cantor Fitzgerald restated a "neutral" rating and set a $227.00 price objective on shares of Universal Health Services in a report on Tuesday, August 26th. Finally, Royal Bank Of Canada boosted their price objective on Universal Health Services from $201.00 to $206.00 and gave the company a "sector perform" rating in a report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Universal Health Services currently has an average rating of "Hold" and a consensus target price of $214.77.

Universal Health Services Trading Up 2.5%

Shares of NYSE UHS opened at $190.41 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $176.27 and a two-hundred day simple moving average of $178.41. The firm has a market cap of $12.12 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.78 and a beta of 1.28. Universal Health Services, Inc. has a twelve month low of $152.33 and a twelve month high of $243.25.

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 for the quarter, beating analysts' consensus estimates of $4.85 by $0.50. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.24 billion. Universal Health Services had a return on equity of 18.25% and a net margin of 7.66%.Universal Health Services's revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.31 EPS. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. Analysts expect that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 0.4%. Universal Health Services's payout ratio is 4.21%.

About Universal Health Services

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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