Simon Quick Advisors LLC Purchases New Shares in Universal Health Services, Inc. (NYSE:UHS)

Simon Quick Advisors LLC bought a new position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,866 shares of the health services provider's stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Universal Health Services during the fourth quarter valued at $67,964,000. Invesco Ltd. raised its position in Universal Health Services by 25.6% during the fourth quarter. Invesco Ltd. now owns 1,241,340 shares of the health services provider's stock valued at $222,721,000 after purchasing an additional 253,385 shares during the period. Amundi increased its position in Universal Health Services by 189.5% during the fourth quarter. Amundi now owns 360,070 shares of the health services provider's stock valued at $68,532,000 after acquiring an additional 235,689 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Universal Health Services in the fourth quarter worth about $41,155,000. Finally, AQR Capital Management LLC increased its stake in Universal Health Services by 59.4% in the fourth quarter. AQR Capital Management LLC now owns 590,389 shares of the health services provider's stock worth $105,928,000 after purchasing an additional 219,942 shares during the period. Hedge funds and other institutional investors own 86.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley initiated coverage on shares of Universal Health Services in a research report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 target price on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $224.00 price objective (down previously from $274.00) on shares of Universal Health Services in a report on Tuesday, April 15th. Royal Bank of Canada cut their target price on Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 30th. Stephens raised shares of Universal Health Services to a "hold" rating in a research report on Monday, June 2nd. Finally, Barclays boosted their price target on shares of Universal Health Services from $249.00 to $257.00 and gave the stock an "overweight" rating in a report on Tuesday, April 29th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $224.77.

Insider Transactions at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,097 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $191.48, for a total value of $210,053.56. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.40% of the company's stock.

Universal Health Services Stock Up 2.2%

UHS traded up $3.79 during trading on Monday, reaching $174.86. The company had a trading volume of 169,064 shares, compared to its average volume of 758,481. The business's fifty day moving average price is $181.49 and its 200 day moving average price is $182.79. Universal Health Services, Inc. has a 12 month low of $153.99 and a 12 month high of $243.25. The company has a market cap of $11.37 billion, a P/E ratio of 11.64, a PEG ratio of 0.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28.

Universal Health Services (NYSE:UHS - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.75% and a net margin of 6.66%. The business's revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $3.70 earnings per share. Equities analysts anticipate 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 Monday, June 16th. Stockholders 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 dividend yield of 0.46%. The ex-dividend date is Monday, June 2nd. Universal Health Services's payout ratio is 4.49%.

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.