Point72 Asset Management L.P. Makes New Investment in Universal Health Services, Inc. (NYSE:UHS)

Point72 Asset Management L.P. bought a new stake in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 77,228 shares of the health services provider's stock, valued at approximately $13,856,000. Point72 Asset Management L.P. owned 0.12% of Universal Health Services at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC lifted its position in Universal Health Services by 13.4% in the third quarter. Barclays PLC now owns 188,765 shares of the health services provider's stock worth $43,227,000 after purchasing an additional 22,369 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Universal Health Services by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,197,537 shares of the health services provider's stock valued at $274,248,000 after buying an additional 10,578 shares during the period. Park Avenue Securities LLC boosted its stake in Universal Health Services by 63.7% during the fourth quarter. Park Avenue Securities LLC now owns 2,884 shares of the health services provider's stock valued at $517,000 after buying an additional 1,122 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Universal Health Services by 43.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 40,303 shares of the health services provider's stock valued at $7,231,000 after buying an additional 12,163 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Universal Health Services during the fourth quarter worth about $225,000. 86.05% of the stock is currently owned by institutional investors.

Insider Activity at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,097 shares of Universal Health Services stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the completion of the sale, the director now directly owns 7,884 shares in the company, valued at $1,509,628.32. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is currently owned by company insiders.

Universal Health Services Price Performance

Shares of Universal Health Services stock traded down $1.38 during mid-day trading on Tuesday, reaching $195.44. 552,473 shares of the stock were exchanged, compared to its average volume of 754,299. Universal Health Services, Inc. has a fifty-two week low of $153.99 and a fifty-two week high of $243.25. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.53 and a beta of 1.29. The firm has a 50-day simple moving average of $179.95 and a 200 day simple moving average of $185.24. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its earnings results on Monday, April 28th. The health services provider reported $4.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.36 by $0.48. The company had revenue of $4.10 billion during the quarter, compared to analysts' expectations of $4.16 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. Universal Health Services's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 earnings per share. On average, sell-side analysts predict that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Universal Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Universal Health Services's dividend payout ratio (DPR) is presently 4.49%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Guggenheim started coverage on shares of Universal Health Services in a research report on Wednesday, April 9th. They set a "buy" rating and a $208.00 price objective for the company. Royal Bank of Canada decreased their price target on shares of Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley started coverage on Universal Health Services in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price objective for the company. Stephens lifted their target price on Universal Health Services from $210.00 to $223.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Cantor Fitzgerald raised Universal Health Services from a "neutral" rating to an "overweight" rating in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Universal Health Services presently has a consensus rating of "Hold" and a consensus target price of $224.77.

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.