Granite Investment Partners LLC continued to hold its position in shares of Universal Health Services, Inc. (NYSE:UHS) during the second quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the health services provider’s stock at the end of the second quarter. Granite Investment Partners LLC’s holdings in Universal Health Services were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UHS. Vanguard Group Inc. boosted its position in shares of Universal Health Services by 3.0% in the first quarter. Vanguard Group Inc. now owns 8,777,699 shares of the health services provider’s stock valued at $1,092,385,000 after buying an additional 255,063 shares during the period. BlackRock Inc. boosted its position in shares of Universal Health Services by 2,820.7% in the first quarter. BlackRock Inc. now owns 6,626,205 shares of the health services provider’s stock valued at $824,629,000 after buying an additional 6,399,332 shares during the period. FMR LLC boosted its position in shares of Universal Health Services by 24.3% in the first quarter. FMR LLC now owns 4,418,541 shares of the health services provider’s stock valued at $549,888,000 after buying an additional 863,633 shares during the period. State Street Corp boosted its position in shares of Universal Health Services by 4.8% in the first quarter. State Street Corp now owns 4,124,375 shares of the health services provider’s stock valued at $513,281,000 after buying an additional 190,047 shares during the period. Finally, Jana Partners LLC boosted its position in shares of Universal Health Services by 19.3% in the first quarter. Jana Partners LLC now owns 2,449,017 shares of the health services provider’s stock valued at $304,780,000 after buying an additional 397,047 shares during the period. 85.41% of the stock is currently owned by institutional investors.

Shares of Universal Health Services, Inc. (UHS) opened at 107.69 on Tuesday. Universal Health Services, Inc. has a 12 month low of $99.72 and a 12 month high of $129.74. The company has a market cap of $10.30 billion, a PE ratio of 14.64 and a beta of 1.06. The firm’s 50-day moving average price is $116.85 and its 200 day moving average price is $118.99.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Tuesday, July 25th. The health services provider reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by $0.12. Universal Health Services had a return on equity of 15.49% and a net margin of 7.10%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $1.94 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Universal Health Services, Inc. will post $7.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, August 30th. Universal Health Services’s dividend payout ratio is currently 5.44%.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/granite-investment-partners-llc-maintains-stake-in-universal-health-services-inc-nyseuhs/1489325.html.

UHS has been the topic of several research analyst reports. BidaskClub cut Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Universal Health Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies reissued an “overweight” rating and issued a $147.00 price objective on shares of Universal Health Services in a research note on Monday, April 17th. Morgan Stanley initiated coverage on Universal Health Services in a research note on Tuesday, June 6th. They issued an “equal weight” rating and a $124.00 price objective on the stock. Finally, Citigroup Inc. dropped their price objective on Universal Health Services from $131.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $136.90.

Universal Health Services Company Profile

Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.

Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Health Services, Inc. (NYSE:UHS).

Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

Receive News & Ratings for Universal Health Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.