Universal Health Services, Inc. $UHS Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Universal Health Services, Inc. (NYSE:UHS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,475 shares of the health services provider’s stock, valued at approximately $2,697,000.

A number of other large investors have also made changes to their positions in the company. Elevation Wealth Partners LLC lifted its stake in shares of Universal Health Services by 503.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 193 shares of the health services provider’s stock worth $29,000 after purchasing an additional 161 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in shares of Universal Health Services in the first quarter worth approximately $188,000. GAMMA Investing LLC grew its position in Universal Health Services by 87.7% during the third quarter. GAMMA Investing LLC now owns 1,102 shares of the health services provider’s stock valued at $192,000 after buying an additional 515 shares during the period. Cidel Asset Management Inc. bought a new stake in Universal Health Services during the third quarter valued at approximately $209,000. Finally, Family Legacy Financial Solutions LLC bought a new stake in Universal Health Services during the third quarter valued at approximately $212,000. 86.05% of the stock is currently owned by institutional investors.

Universal Health Services Price Performance

Shares of NYSE:UHS opened at $194.92 on Friday. The firm’s 50 day simple moving average is $178.69 and its two-hundred day simple moving average is $177.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.37 and a quick ratio of 1.28. The company has a market capitalization of $11.49 billion, a P/E ratio of 8.15, a P/E/G ratio of 2.04 and a beta of 1.11. Universal Health Services, Inc. has a 1-year low of $140.08 and a 1-year high of $246.32.

Universal Health Services (NYSE:UHS) last released its earnings results on Tuesday, October 27th. The health services provider reported $5.22 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.03. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Universal Health Services had a net margin of 7.96% and a return on equity of 18.39%. Universal Health Services’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.69 EPS. Research analysts expect that Universal Health Services, Inc. will post 22.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UHS. UBS Group reiterated a “buy” rating on shares of Universal Health Services in a research report on Monday, August 31st. Weiss Ratings upgraded Universal Health Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 14th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Universal Health Services in a report on Friday, October 2nd. Barclays lowered their target price on Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group cut their price target on Universal Health Services from $242.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $201.00.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is a healthcare company that owns and operates hospitals and other healthcare facilities. Its services span acute care, behavioral healthcare and outpatient treatment.

The company’s facilities provide services such as inpatient and outpatient medical care, emergency services, psychiatric treatment, substance-use-disorder care and rehabilitation. UHS serves communities across the United States and also has operations in the United Kingdom and Puerto Rico.

Founded in 1979 by Alan B.