Point72 Asset Management L.P. Acquires New Stake in Universal Health Services, Inc. (NYSE:UHS)

Point72 Asset Management L.P. acquired a new stake in shares of Universal Health Services, Inc. (NYSE:UHS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 77,228 shares of the health services provider’s stock, valued at approximately $13,856,000.

A number of other large investors have also made changes to their positions in UHS. R Squared Ltd acquired a new stake in shares of Universal Health Services during the fourth quarter valued at $29,000. Quent Capital LLC boosted its stake in shares of Universal Health Services by 118.3% during the fourth quarter. Quent Capital LLC now owns 179 shares of the health services provider’s stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of Universal Health Services during the fourth quarter valued at $46,000. Huntington National Bank boosted its stake in shares of Universal Health Services by 55.6% during the fourth quarter. Huntington National Bank now owns 280 shares of the health services provider’s stock valued at $50,000 after acquiring an additional 100 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Universal Health Services by 30.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 455 shares of the health services provider’s stock valued at $81,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Transactions at Universal Health Services

In other news, Director Maria Ruderman Singer sold 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $179.16, for a total value of $179,160.00. Following the completion of the sale, the director now owns 7,916 shares of the company’s stock, valued at $1,418,230.56. This represents a 11.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.40% of the company’s stock.

Universal Health Services Stock Performance

Universal Health Services stock opened at $198.10 on Friday. The stock’s 50-day moving average is $178.70 and its 200-day moving average is $185.36. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.53 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.39 and a quick ratio of 1.28. Universal Health Services, Inc. has a 12 month low of $153.99 and a 12 month high of $243.25.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Monday, April 28th. The health services provider reported $4.84 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $0.48. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.16 billion. Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $3.70 EPS. Equities analysts anticipate that Universal Health Services, Inc. will post 15.92 earnings per share for the current year.

Universal Health Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, June 2nd. Universal Health Services’s payout ratio is 4.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Guggenheim assumed coverage on Universal Health Services in a research note on Wednesday, April 9th. They set a “buy” rating and a $208.00 price objective on the stock. Royal Bank of Canada reduced their target price on Universal Health Services from $211.00 to $201.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird reiterated a “neutral” rating and set a $224.00 target price (down from $274.00) on shares of Universal Health Services in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on Universal Health Services from $230.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Stephens increased their target price on Universal Health Services from $210.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Nine investment 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, Universal Health Services currently has an average rating of “Hold” and an average price target of $224.77.

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.