Universal Health Services, Inc. $UHS Position Boosted by Moore Capital Management LP

Key Points

• Moore Capital Management increased its Universal Health Services stake by 83.4% in the second quarter, bringing its holdings to 222,422 shares valued at approximately $33.1 million. Institutional investors collectively own 86.05% of the company.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $204.93 after several firms lowered their targets to between $183 and $205.
• UHS reported quarterly results above expectations, with earnings of $5.98 per share and revenue of $4.64 billion, up 8.3% year over year. The company also declared a quarterly dividend of $0.20 per share, representing a 0.5% yield.

Moore Capital Management LP boosted its holdings in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 83.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,422 shares of the health services provider's stock after acquiring an additional 101,122 shares during the quarter. Moore Capital Management LP owned 0.38% of Universal Health Services worth $33,072,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UHS. Elyxium Wealth LLC bought a new position in shares of Universal Health Services in the fourth quarter worth $25,000. Elevation Wealth Partners LLC raised its stake in shares of Universal Health Services by 503.1% during the second quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider's stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Universal Health Services during the second quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in Universal Health Services by 302.9% in the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider's stock worth $31,000 after purchasing an additional 106 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in Universal Health Services by 107.1% in the first quarter. CENTRAL TRUST Co now owns 174 shares of the health services provider's stock worth $31,000 after purchasing an additional 90 shares during the period. Institutional investors own 86.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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. JPMorgan Chase & Co. reduced their price target on shares of Universal Health Services from $235.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, May 20th. The Goldman Sachs Group decreased their price objective on shares of Universal Health Services from $242.00 to $190.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating and set a $194.00 price objective on shares of Universal Health Services in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $183.00 price objective on shares of Universal Health Services in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Universal Health Services has a consensus rating of "Hold" and a consensus price target of $204.93.

Universal Health Services Price Performance

NYSE:UHS opened at $171.87 on Monday. The business's 50-day moving average price is $161.13 and its 200 day moving average price is $173.40. The firm has a market cap of $10.13 billion, a P/E ratio of 7.00, a PEG ratio of 0.92 and a beta of 1.05. Universal Health Services, Inc. has a 52-week low of $140.08 and a 52-week high of $246.32. The company has a quick ratio of 1.04, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, topping the consensus estimate of $5.94 by $0.04. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.58 billion. During the same period in the previous year, the business earned $5.35 earnings per share. Universal Health Services's revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Universal Health Services, Inc. will post 23.01 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Universal Health Services's dividend payout ratio is currently 3.26%.

About Universal Health Services

Universal Health Services, Inc NYSE: UHS is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS's facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.

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