Amalgamated Bank lessened its stake in Universal Health Services, Inc. (NYSE:UHS – Get Rating) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,174 shares of the health services provider's stock after selling 1,342 shares during the quarter. Amalgamated Bank's holdings in Universal Health Services were worth $2,634,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in UHS. Spire Wealth Management boosted its holdings in shares of Universal Health Services by 131.1% in the 1st quarter. Spire Wealth Management now owns 208 shares of the health services provider's stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Universal Health Services by 50.6% in the 1st quarter. Parallel Advisors LLC now owns 244 shares of the health services provider's stock valued at $36,000 after purchasing an additional 82 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Universal Health Services during the 4th quarter valued at $43,000. Ancora Advisors LLC lifted its holdings in shares of Universal Health Services by 33.3% during the 1st quarter. Ancora Advisors LLC now owns 400 shares of the health services provider's stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Universal Health Services by 119.1% during the 4th quarter. Schroder Investment Management Group now owns 4,930 shares of the health services provider's stock valued at $64,000 after acquiring an additional 2,680 shares in the last quarter. Institutional investors and hedge funds own 88.93% of the company's stock.
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UHS opened at $91.75 on Friday. The company has a 50-day moving average of $104.66 and a 200-day moving average of $119.03. The company has a market capitalization of $6.69 billion, a P/E ratio of 9.34, a PEG ratio of 2.84 and a beta of 1.20. Universal Health Services, Inc. has a 1-year low of $89.87 and a 1-year high of $158.28. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.12 and a current ratio of 1.22.
Universal Health Services (NYSE:UHS – Get Rating) last released its earnings results on Monday, July 25th. The health services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.12. Universal Health Services had a net margin of 5.94% and a return on equity of 12.88%. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm earned $3.76 EPS. The company's revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Universal Health Services, Inc. will post 9.94 EPS for the current fiscal year.Universal Health Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Wednesday, August 31st. Universal Health Services's dividend payout ratio is presently 8.15%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Universal Health Services from $125.00 to $110.00 and set a "sell" rating on the stock in a report on Tuesday, July 12th. BMO Capital Markets lowered shares of Universal Health Services from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $133.00 to $90.00 in a report on Wednesday, July 6th. Loop Capital assumed coverage on shares of Universal Health Services in a report on Thursday, June 16th. They set a "hold" rating and a $115.00 target price on the stock. UBS Group lifted their target price on shares of Universal Health Services to $105.00 in a report on Tuesday, July 26th. Finally, Credit Suisse Group dropped their price target on shares of Universal Health Services to $129.00 in a research note on Tuesday, September 6th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $119.57.
Universal Health Services Profile
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Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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.
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