Tidal Investments LLC Decreases Holdings in Universal Health Services, Inc. $UHS

Key Points

• Tidal Investments cut its Universal Health Services stake by 39.5% in the second quarter, selling 18,497 shares and retaining 28,311 shares valued at approximately $4.21 million. Institutional investors overall own 86.05% of UHS.
• Universal Health Services reported quarterly EPS of $5.98, slightly exceeding estimates, while revenue rose 8.3% year over year to $4.64 billion. The company expects full-year EPS of $22.96.
• Analysts maintain a consensus “Hold” rating with an average price target of $204.93, compared with UHS’s reported share price of $173.50. The company also declared a quarterly dividend of $0.20 per share, yielding 0.5% annually.

Tidal Investments LLC decreased its stake in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 39.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,311 shares of the health services provider's stock after selling 18,497 shares during the quarter. Tidal Investments LLC's holdings in Universal Health Services were worth $4,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Triad Wealth Partners LLC lifted its stake in Universal Health Services by 3.4% in the 1st quarter. Triad Wealth Partners LLC now owns 1,858 shares of the health services provider's stock valued at $333,000 after buying an additional 61 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Universal Health Services by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 20,595 shares of the health services provider's stock worth $4,490,000 after buying an additional 65 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Universal Health Services by 5.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,361 shares of the health services provider's stock worth $244,000 after buying an additional 70 shares in the last quarter. Root Financial Partners LLC increased its stake in Universal Health Services by 54.7% during the 4th quarter. Root Financial Partners LLC now owns 212 shares of the health services provider's stock worth $46,000 after buying an additional 75 shares in the last quarter. Finally, Mufg Securities Americas Inc. raised its holdings in shares of Universal Health Services by 5.0% during the second quarter. Mufg Securities Americas Inc. now owns 1,605 shares of the health services provider's stock valued at $239,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Universal Health Services Trading Down 0.8%

UHS opened at $173.50 on Tuesday. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.94 and a beta of 1.06. The company's 50 day simple moving average is $165.95 and its two-hundred day simple moving average is $168.80. Universal Health Services, Inc. has a 1-year low of $140.08 and a 1-year high of $246.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 1.04.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The health services provider reported $5.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.94 by $0.04. Universal Health Services had a return on equity of 19.39% and a net margin of 8.42%.The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the prior year, the business earned $5.35 earnings per share. The business's revenue was up 8.3% compared to the same quarter last year. Analysts expect that Universal Health Services, Inc. will post 22.96 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Universal Health Services's dividend payout ratio (DPR) is 3.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UHS shares. Cantor Fitzgerald restated a "neutral" rating and issued a $194.00 target price on shares of Universal Health Services in a research report on Tuesday, July 28th. Guggenheim dropped their price target on Universal Health Services from $195.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Wells Fargo & Company increased their price objective on Universal Health Services from $165.00 to $166.00 and gave the company an "equal weight" rating in a research note on Monday, July 13th. Robert W. Baird decreased their price objective on Universal Health Services from $204.00 to $166.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Finally, Morgan Stanley lowered their target price on shares of Universal Health Services from $212.00 to $191.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, Universal Health Services currently has an average rating of "Hold" and a consensus price target of $204.93.

Universal Health Services Profile

Universal Health Services, Inc NYSE: UHS is a healthcare services company that owns and operates hospitals, outpatient facilities and other healthcare organizations. Its operations are primarily focused on acute care and behavioral health services, serving patients through a network of hospitals, treatment centers and ambulatory facilities.

The company's acute care activities include general and specialty hospitals that provide services such as emergency care, surgery, inpatient treatment and diagnostic procedures.

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