Reinhart Partners Inc. Has $17.23 Million Position in Universal Health Services, Inc. (UHS)
Reinhart Partners Inc. lowered its stake in Universal Health Services, Inc. (NYSE:UHS) by 29.7% during the first quarter, HoldingsChannel reports. The firm owned 128,808 shares of the health services provider’s stock after selling 54,360 shares during the quarter. Reinhart Partners Inc.’s holdings in Universal Health Services were worth $17,231,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in Universal Health Services by 40.0% during the 4th quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock worth $43,000 after acquiring an additional 104 shares in the last quarter. Doyle Wealth Management purchased a new stake in shares of Universal Health Services during the 4th quarter worth $58,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Universal Health Services during the fourth quarter worth $93,000. Pearl River Capital LLC acquired a new position in shares of Universal Health Services during the fourth quarter worth $93,000. Finally, Fifth Third Bancorp grew its stake in shares of Universal Health Services by 1,013.4% during the third quarter. Fifth Third Bancorp now owns 1,080 shares of the health services provider’s stock worth $138,000 after purchasing an additional 983 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.
UHS has been the topic of a number of analyst reports. Goldman Sachs Group cut Universal Health Services from a “neutral” rating to a “sell” rating and set a $125.00 price target on the stock. in a research note on Thursday, December 13th. Wells Fargo & Co upped their price objective on Universal Health Services from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Citigroup upped their price objective on Universal Health Services from $140.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. BMO Capital Markets increased their price objective on Universal Health Services to $146.00 and gave the company a “market perform” rating in a report on Tuesday, March 5th. Finally, Stephens started coverage on Universal Health Services in a research report on Monday, January 14th. They set an “equal weight” rating and a $134.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Universal Health Services presently has an average rating of “Hold” and a consensus price target of $145.13.
Universal Health Services (NYSE:UHS) last posted its earnings results on Wednesday, February 27th. The health services provider reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.03. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Universal Health Services had a return on equity of 16.58% and a net margin of 7.24%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. As a group, research analysts predict that Universal Health Services, Inc. will post 10.01 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date was Thursday, February 28th. Universal Health Services’s dividend payout ratio (DPR) is 4.20%.
Universal Health Services announced that its Board of Directors has authorized a share buyback plan on Monday, December 17th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the health services provider to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
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Universal Health Services Company Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
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