Millennium Management LLC Sells 364,562 Shares of Universal Health Services, Inc. $UHS

Millennium Management LLC cut 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 filing with the Securities and Exchange Commission. The institutional investor owned 330,444 shares of the health services provider's stock after selling 364,562 shares during the period. Millennium Management LLC owned about 0.51% of Universal Health Services worth $62,090,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in shares of Universal Health Services in the 1st quarter worth approximately $30,000. Sentry Investment Management LLC acquired a new position in shares of Universal Health Services in the 1st quarter worth approximately $35,000. UMB Bank n.a. raised its holdings in shares of Universal Health Services by 49.3% in the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock worth $38,000 after buying an additional 67 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Universal Health Services by 89.7% in the 1st quarter. Federated Hermes Inc. now owns 258 shares of the health services provider's stock worth $48,000 after buying an additional 122 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Universal Health Services in the 1st quarter worth approximately $74,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Trading Up 0.5%

Shares of NYSE:UHS traded up $1.01 during midday trading on Friday, hitting $191.80. The company had a trading volume of 736,557 shares, compared to its average volume of 677,378. Universal Health Services, Inc. has a 12 month low of $152.33 and a 12 month high of $243.25. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.79 and a beta of 1.28. The firm has a fifty day simple moving average of $176.16 and a 200 day simple moving average of $178.64.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its earnings results on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.85 by $0.50. The firm had revenue of $4.28 billion for 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%.The company's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.31 earnings per share. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. On average, analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current year.

Universal Health Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UHS shares. Wall Street Zen cut Universal Health Services from a "strong-buy" rating to a "buy" rating in a report on Saturday. Stephens raised Universal Health Services to a "hold" rating in a report on Monday, June 2nd. Royal Bank Of Canada raised their price target 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. JPMorgan Chase & Co. dropped their price target on Universal Health Services from $215.00 to $195.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Robert W. Baird dropped their price target on Universal Health Services from $243.00 to $203.00 and set a "neutral" rating for the company in a report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $214.77.

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.