QRG Capital Management Inc. Raises Stake in Universal Health Services, Inc. $UHS

Key Points

• QRG Capital Management Inc. increased its stake in Universal Health Services by 102.4% during the second quarter, owning a total of 4,820 shares valued at $873,000.
• Universal Health Services reported earnings of $5.35 per share, exceeding expectations and showing a 9.6% year-over-year revenue increase to $4.28 billion.
• The company issued a quarterly dividend of $0.20, resulting in an annualized yield of 0.4% and a low dividend payout ratio of 4.21%.

QRG Capital Management Inc. lifted its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 102.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,820 shares of the health services provider's stock after purchasing an additional 2,438 shares during the quarter. QRG Capital Management Inc.'s holdings in Universal Health Services were worth $873,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Abacus Planning Group Inc. acquired a new position in Universal Health Services during the 2nd quarter worth approximately $645,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Universal Health Services by 9.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,825 shares of the health services provider's stock valued at $1,780,000 after purchasing an additional 839 shares in the last quarter. Lecap Asset Management Ltd. raised its position in shares of Universal Health Services by 59.3% in the 2nd quarter. Lecap Asset Management Ltd. now owns 7,501 shares of the health services provider's stock valued at $1,359,000 after purchasing an additional 2,791 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Universal Health Services by 17.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 1,330 shares of the health services provider's stock valued at $241,000 after purchasing an additional 197 shares in the last quarter. Finally, Uncommon Cents Investing LLC raised its position in shares of Universal Health Services by 3.8% in the 2nd quarter. Uncommon Cents Investing LLC now owns 4,594 shares of the health services provider's stock valued at $832,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Universal Health Services Trading Down 2.2%

NYSE:UHS opened at $205.12 on Thursday. Universal Health Services, Inc. has a 1 year low of $152.33 and a 1 year high of $240.26. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.86 and a beta of 1.30. The business has a fifty day moving average of $186.11 and a 200-day moving average of $181.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.19 and a current ratio of 1.29.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its earnings results on Monday, July 28th. The health services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.85 by $0.50. Universal Health Services had a return on equity of 18.25% and a net margin of 7.66%.The business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter last year, the business posted $4.31 earnings per share. The company's quarterly revenue was up 9.6% on a year-over-year basis. Universal Health Services has set its FY 2025 guidance at 20.000-21.000 EPS. Equities analysts predict that Universal Health Services, Inc. will post 15.92 earnings per share for the current year.

Universal Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Universal Health Services's dividend payout ratio is currently 4.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America lowered Universal Health Services from a "neutral" rating to an "underperform" rating and cut their target price for the company from $215.00 to $185.00 in a research report on Wednesday, July 16th. Robert W. Baird cut their target price on Universal Health Services from $243.00 to $203.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. Wall Street Zen lowered Universal Health Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Barclays cut their target price on Universal Health Services from $259.00 to $250.00 and set an "overweight" rating on the stock in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. cut their target price on Universal Health Services from $215.00 to $195.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $217.08.

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.

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