Massachusetts Financial Services Co. MA Raises Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

Massachusetts Financial Services Co. MA increased its position in shares of Universal Health Services, Inc. (NYSE:UHS - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,071,022 shares of the health services provider's stock after acquiring an additional 103,802 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.03% of Universal Health Services worth $315,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Todd Asset Management LLC lifted its stake in Universal Health Services by 17.9% in the fourth quarter. Todd Asset Management LLC now owns 159,605 shares of the health services provider's stock valued at $24,330,000 after buying an additional 24,279 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Universal Health Services by 14.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,240 shares of the health services provider's stock valued at $11,317,000 after buying an additional 9,221 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Universal Health Services by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 1,090,010 shares of the health services provider's stock valued at $137,047,000 after buying an additional 37,243 shares in the last quarter. UBS Group AG lifted its stake in Universal Health Services by 51.2% in the third quarter. UBS Group AG now owns 62,949 shares of the health services provider's stock valued at $7,915,000 after buying an additional 21,325 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Universal Health Services by 4,622.3% in the third quarter. Lazard Asset Management LLC now owns 16,906 shares of the health services provider's stock valued at $2,125,000 after buying an additional 16,548 shares in the last quarter. Institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of Universal Health Services from $170.00 to $193.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on shares of Universal Health Services from $144.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Royal Bank of Canada boosted their price objective on shares of Universal Health Services from $183.00 to $189.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 7th. UBS Group boosted 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. Finally, Wells Fargo & Company boosted their price objective on shares of Universal Health Services from $195.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Universal Health Services presently has a consensus rating of "Hold" and a consensus price target of $183.20.

Universal Health Services Stock Performance

Shares of UHS traded up $0.32 during trading hours on Tuesday, hitting $178.91. The company had a trading volume of 592,353 shares, compared to its average volume of 609,082. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.89 and a beta of 1.26. The business has a fifty day moving average of $171.98 and a 200-day moving average of $157.28. Universal Health Services, Inc. has a 12 month low of $119.90 and a 12 month high of $183.61. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.75.

Universal Health Services (NYSE:UHS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.56. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.78 billion. Universal Health Services had a net margin of 5.57% and a return on equity of 13.34%. The company's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 earnings per share. Equities analysts anticipate that Universal Health Services, Inc. will post 13.58 EPS for the current fiscal year.

Insider Activity

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

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.