Radnor Capital Management LLC Invests $2.87 Million in Universal Health Services, Inc. (NYSE:UHS)

Radnor Capital Management LLC bought a new position in shares of Universal Health Services, Inc. (NYSE:UHS) during the third quarter, Holdings Channel reports. The fund bought 12,545 shares of the health services provider’s stock, valued at approximately $2,873,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UHS. Van ECK Associates Corp raised its position in Universal Health Services by 4.2% during the second quarter. Van ECK Associates Corp now owns 1,160 shares of the health services provider’s stock valued at $215,000 after buying an additional 47 shares during the period. LRI Investments LLC increased its holdings in shares of Universal Health Services by 19.5% in the 2nd quarter. LRI Investments LLC now owns 386 shares of the health services provider’s stock valued at $71,000 after purchasing an additional 63 shares during the period. US Bancorp DE increased its holdings in shares of Universal Health Services by 3.0% in the 3rd quarter. US Bancorp DE now owns 2,238 shares of the health services provider’s stock valued at $512,000 after purchasing an additional 65 shares during the period. Mather Group LLC. lifted its position in shares of Universal Health Services by 31.6% in the third quarter. Mather Group LLC. now owns 283 shares of the health services provider’s stock worth $65,000 after purchasing an additional 68 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of Universal Health Services by 3.1% during the first quarter. Empirical Finance LLC now owns 2,455 shares of the health services provider’s stock worth $448,000 after purchasing an additional 73 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Universal Health Services Stock Performance

NYSE:UHS opened at $212.05 on Wednesday. Universal Health Services, Inc. has a 1 year low of $127.21 and a 1 year high of $243.25. The firm’s fifty day simple moving average is $226.24 and its 200 day simple moving average is $203.45. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $14.15 billion, a PE ratio of 14.10, a PEG ratio of 0.67 and a beta of 1.29.

Universal Health Services (NYSE:UHS) last posted its earnings results on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.90 billion. During the same quarter in the previous year, the business posted $2.55 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Universal Health Services, Inc. will post 15.89 EPS for the current year.

Universal Health Services announced that its board has initiated a stock repurchase program on Wednesday, July 24th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the health services provider to purchase up to 8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

UHS has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Barclays increased their target price on shares of Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stephens reiterated an “equal weight” rating and issued a $200.00 target price on shares of Universal Health Services in a research report on Thursday, July 25th. Wells Fargo & Company increased their target price on shares of Universal Health Services from $255.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen cut their target price on shares of Universal Health Services from $283.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.43.

Insider Activity at Universal Health Services

In related news, Director Warren J. Nimetz sold 3,444 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $217.64, for a total value of $749,552.16. Following the transaction, the director now directly owns 3,971 shares in the company, valued at approximately $864,248.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.10% of the stock is currently owned by company insiders.

Universal Health Services 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.