Procyon Advisors LLC Makes New $319,000 Investment in Universal Health Services, Inc. (NYSE:UHS)

Procyon Advisors LLC bought a new stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,697 shares of the health services provider's stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UHS. Quent Capital LLC lifted its position in Universal Health Services by 118.3% during the 4th quarter. Quent Capital LLC now owns 179 shares of the health services provider's stock worth $32,000 after buying an additional 97 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Universal Health Services in the first quarter valued at about $35,000. Campbell Capital Management Inc. bought a new stake in Universal Health Services during the fourth quarter worth about $46,000. Huntington National Bank raised its holdings in Universal Health Services by 55.6% during the fourth quarter. Huntington National Bank now owns 280 shares of the health services provider's stock worth $50,000 after acquiring an additional 100 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Universal Health Services by 30.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 455 shares of the health services provider's stock valued at $81,000 after purchasing an additional 107 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UHS has been the subject of a number of analyst reports. Guggenheim assumed coverage on Universal Health Services in a research note on Wednesday, April 9th. They issued a "buy" rating and a $208.00 price target for the company. Robert W. Baird reissued a "neutral" rating and issued a $224.00 target price (down from $274.00) on shares of Universal Health Services in a research note on Tuesday, April 15th. Royal Bank of Canada lowered their target price on shares of Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company dropped their price target on shares of Universal Health Services from $230.00 to $225.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Baird R W cut shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $224.77.

Universal Health Services Stock Performance

Shares of UHS traded up $1.23 during trading hours on Thursday, hitting $173.52. The company had a trading volume of 684,013 shares, compared to its average volume of 759,984. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.53 and a beta of 1.31. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69. Universal Health Services, Inc. has a 12 month low of $153.99 and a 12 month high of $243.25. The business has a fifty day moving average of $181.49 and a 200-day moving average of $183.49.

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

Universal Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, June 2nd. Universal Health Services's dividend payout ratio (DPR) is presently 4.49%.

Insider Activity

In other news, Director Maria Ruderman Singer sold 1,097 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $191.48, for a total value of $210,053.56. Following the sale, the director now directly owns 7,884 shares in the company, valued at approximately $1,509,628.32. This trade represents a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.40% of the company's stock.

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.