abrdn plc Boosts Stake in Universal Health Services, Inc. (NYSE:UHS)

abrdn plc lifted its position in Universal Health Services, Inc. (NYSE:UHS - Free Report) by 44.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,013 shares of the health services provider's stock after buying an additional 8,339 shares during the quarter. abrdn plc's holdings in Universal Health Services were worth $4,118,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Universal Health Services by 4.1% during the 3rd quarter. Invesco Ltd. now owns 3,398,974 shares of the health services provider's stock worth $427,353,000 after acquiring an additional 134,122 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Universal Health Services by 48.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,967,220 shares of the health services provider's stock valued at $247,339,000 after purchasing an additional 638,166 shares during the last quarter. American Century Companies Inc. raised its position in shares of Universal Health Services by 12.9% in the third quarter. American Century Companies Inc. now owns 1,707,708 shares of the health services provider's stock valued at $214,710,000 after purchasing an additional 195,650 shares during the period. Nuance Investments LLC lifted its stake in shares of Universal Health Services by 0.4% during the 3rd quarter. Nuance Investments LLC now owns 1,463,921 shares of the health services provider's stock worth $184,059,000 after buying an additional 6,400 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Universal Health Services by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,090,010 shares of the health services provider's stock worth $137,047,000 after buying an additional 37,243 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Universal Health Services news, CFO Steve Filton sold 35,000 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $176.82, for a total value of $6,188,700.00. Following the completion of the transaction, the chief financial officer now owns 68,785 shares of the company's stock, valued at approximately $12,162,563.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 16.10% of the company's stock.

Universal Health Services Price Performance

Shares of Universal Health Services stock traded up $3.06 during trading on Monday, reaching $169.12. 650,805 shares of the company's stock were exchanged, compared to its average volume of 587,904. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.28 and a current ratio of 1.38. Universal Health Services, Inc. has a 1-year low of $119.90 and a 1-year high of $183.61. The company has a market cap of $11.37 billion, a P/E ratio of 14.33, a PEG ratio of 0.82 and a beta of 1.24. The firm's 50-day moving average price is $170.76 and its 200 day moving average price is $154.00.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its earnings results on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, topping the consensus estimate of $3.14 by $0.56. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.78 billion. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.34 earnings per share. As a group, research analysts anticipate that Universal Health Services, Inc. will post 13.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UHS shares. UBS Group raised their price objective on shares of Universal Health Services from $152.00 to $177.00 and gave the stock a "neutral" rating in a research report on Thursday, February 29th. TD Cowen boosted their price target on Universal Health Services from $140.00 to $181.00 and gave the company a "market perform" rating in a research note on Friday, March 1st. StockNews.com upgraded Universal Health Services from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Universal Health Services from $144.00 to $182.00 and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Finally, Mizuho lifted their price objective on shares of Universal Health Services from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $182.64.

Universal Health Services Company 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.