Summit Global Investments Sells 39,982 Shares of Universal Health Services, Inc. (NYSE:UHS)

Summit Global Investments trimmed its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 81.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,311 shares of the health services provider's stock after selling 39,982 shares during the quarter. Summit Global Investments' holdings in Universal Health Services were worth $1,750,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D. E. Shaw & Co. Inc. raised its stake in shares of Universal Health Services by 99.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 12,450 shares of the health services provider's stock valued at $2,234,000 after purchasing an additional 6,200 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Universal Health Services by 22.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,105 shares of the health services provider's stock valued at $9,721,000 after purchasing an additional 9,946 shares in the last quarter. Savant Capital LLC raised its stake in shares of Universal Health Services by 255.3% in the fourth quarter. Savant Capital LLC now owns 6,345 shares of the health services provider's stock valued at $1,138,000 after purchasing an additional 4,559 shares in the last quarter. Abacus Planning Group Inc. raised its stake in shares of Universal Health Services by 175.6% in the fourth quarter. Abacus Planning Group Inc. now owns 2,792 shares of the health services provider's stock valued at $501,000 after purchasing an additional 1,779 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 purchasing an additional 10,578 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on UHS. Robert W. Baird reiterated a "neutral" rating and set a $224.00 price objective (down from $274.00) on shares of Universal Health Services in a research note on Tuesday, April 15th. Guggenheim assumed coverage on Universal Health Services in a research note on Wednesday, April 9th. They set a "buy" rating and a $208.00 price objective for the company. Royal Bank of Canada dropped their price objective 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. Baird R W lowered Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley assumed coverage on Universal Health Services in a research note on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Universal Health Services currently has a consensus rating of "Hold" and an average price target of $224.77.

Insider Activity at Universal Health Services

In related news, Director Maria Ruderman Singer sold 1,097 shares of the firm's 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 transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.40% of the stock is owned by company insiders.

Universal Health Services Price Performance

Shares of NYSE:UHS traded down $0.73 during midday trading on Friday, reaching $190.32. The company's stock had a trading volume of 814,853 shares, compared to its average volume of 753,703. 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 capitalization of $12.37 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.53 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. The business's fifty day simple moving average is $181.86 and its 200-day simple moving average is $184.24.

Universal Health Services (NYSE:UHS - Get Free Report) last announced its earnings results on Monday, April 28th. The health services provider reported $4.84 earnings per share 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 analyst estimates of $4.16 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $3.70 earnings per share. As a group, equities research analysts expect that Universal Health Services, Inc. will post 15.92 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, June 2nd. Universal Health Services's dividend payout ratio is 4.49%.

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.