Mirae Asset Global Investments Co. Ltd. Sells 6,739 Shares of Universal Health Services, Inc. (NYSE:UHS)

Mirae Asset Global Investments Co. Ltd. reduced its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,986 shares of the health services provider's stock after selling 6,739 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Universal Health Services were worth $1,673,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UHS. Sentry Investment Management LLC acquired a new position in shares of Universal Health Services during the 1st quarter worth $35,000. UMB Bank n.a. lifted its stake in shares of Universal Health Services by 49.3% in the 1st quarter. UMB Bank n.a. now owns 203 shares of the health services provider's stock valued at $38,000 after purchasing an additional 67 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of Universal Health Services in the 4th quarter valued at $46,000. Huntington National Bank lifted its stake in shares of Universal Health Services by 55.6% in the 4th quarter. Huntington National Bank now owns 280 shares of the health services provider's stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of Universal Health Services in the 1st quarter valued at $74,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UHS has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on Universal Health Services from $211.00 to $201.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley started coverage on Universal Health Services in a report on Wednesday, March 26th. They set an "equal weight" rating and a $200.00 price target on the stock. Stephens upgraded shares of Universal Health Services to a "hold" rating in a research note on Monday, June 2nd. Baird R W lowered shares of Universal Health Services from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Robert W. Baird reissued a "neutral" rating and set a $224.00 target price (down previously from $274.00) on shares of Universal Health Services in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $224.77.

Insider Buying and Selling

In related news, Director Maria Ruderman Singer sold 1,097 shares of the firm's 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 completion of the transaction, the director directly owned 7,884 shares of the company's stock, valued at $1,509,628.32. This trade represents a 12.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.40% of the stock is currently owned by company insiders.

Universal Health Services Stock Performance

NYSE UHS traded up $11.12 during midday trading on Friday, hitting $195.59. The company had a trading volume of 665,323 shares, compared to its average volume of 789,189. The company has a quick ratio of 1.23, a current ratio of 1.32 and a debt-to-equity ratio of 0.67. The stock has a market cap of $12.71 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 0.75 and a beta of 1.28. The firm has a fifty day simple moving average of $183.15 and a two-hundred day simple moving average of $181.46. Universal Health Services, Inc. has a fifty-two week low of $153.99 and a fifty-two week high of $243.25.

Universal Health Services (NYSE:UHS - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The health services provider reported $4.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $0.48. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.16 billion. Universal Health Services had a net margin of 7.44% and a return on equity of 17.79%. The business's quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $3.70 EPS. Equities analysts forecast that Universal Health Services, Inc. will post 15.92 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 0.41%. Universal Health Services's dividend payout ratio (DPR) is currently 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.