New York State Common Retirement Fund raised its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,655 shares of the health services provider’s stock after buying an additional 2,869 shares during the period. New York State Common Retirement Fund owned about 0.25% of Universal Health Services worth $26,698,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of Universal Health Services by 18,950.9% in the second quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock worth $275,926,000 after purchasing an additional 2,248,333 shares during the period. Wells Fargo & Company MN boosted its position in shares of Universal Health Services by 160.5% in the second quarter. Wells Fargo & Company MN now owns 1,445,313 shares of the health services provider’s stock worth $176,443,000 after purchasing an additional 890,490 shares during the period. Renaissance Technologies LLC bought a new position in shares of Universal Health Services in the second quarter worth approximately $63,140,000. Maverick Capital Ltd. boosted its position in shares of Universal Health Services by 9.6% in the second quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock worth $662,466,000 after purchasing an additional 473,763 shares during the period. Finally, Glenview Capital Management LLC boosted its position in shares of Universal Health Services by 15.1% in the second quarter. Glenview Capital Management LLC now owns 1,973,545 shares of the health services provider’s stock worth $240,930,000 after purchasing an additional 259,081 shares during the period. 86.13% of the stock is owned by institutional investors and hedge funds.

Shares of Universal Health Services, Inc. (NYSE:UHS) traded up $1.22 during trading hours on Monday, hitting $111.56. 1,492,600 shares of the company were exchanged, compared to its average volume of 795,614. The company has a current ratio of 1.26, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. Universal Health Services, Inc. has a 12-month low of $95.26 and a 12-month high of $129.74. The company has a market capitalization of $10,588.05, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 2.54 and a beta of 0.97.

Universal Health Services (NYSE:UHS) last issued its earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $1.60 EPS. Universal Health Services’s revenue was up 4.4% compared to the same quarter last year. equities research analysts anticipate that Universal Health Services, Inc. will post 7.36 EPS for the current year.

Universal Health Services declared that its board has approved a stock buyback plan on Wednesday, November 15th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the health services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.36%. Universal Health Services’s dividend payout ratio (DPR) is currently 5.49%.

A number of research firms have weighed in on UHS. Piper Jaffray Companies reiterated a “buy” rating and issued a $117.00 price target on shares of Universal Health Services in a research report on Friday, October 27th. Credit Suisse Group began coverage on shares of Universal Health Services in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $126.00 price target for the company. Zacks Investment Research lowered shares of Universal Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BMO Capital Markets began coverage on shares of Universal Health Services in a research report on Monday, October 16th. They issued an “outperform” rating and a $125.00 price target for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $122.00 price target on shares of Universal Health Services in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $126.31.

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About Universal Health Services

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.

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

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