Russell Investments Group Ltd. Grows Stake in Universal Health Services, Inc. (UHS)
Russell Investments Group Ltd. grew its position in Universal Health Services, Inc. (NYSE:UHS) by 15.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,066 shares of the health services provider’s stock after buying an additional 3,150 shares during the period. Russell Investments Group Ltd.’s holdings in Universal Health Services were worth $2,559,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new stake in shares of Universal Health Services during the second quarter worth $150,000. Crossmark Global Holdings Inc. bought a new position in Universal Health Services during the third quarter worth about $205,000. Cambridge Investment Research Advisors Inc. bought a new position in Universal Health Services during the second quarter worth about $211,000. Advisor Group Inc. lifted its holdings in Universal Health Services by 198.0% during the second quarter. Advisor Group Inc. now owns 1,812 shares of the health services provider’s stock worth $220,000 after acquiring an additional 1,204 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Universal Health Services by 8.5% during the second quarter. Pacer Advisors Inc. now owns 1,845 shares of the health services provider’s stock worth $225,000 after acquiring an additional 145 shares in the last quarter. 86.07% of the stock is owned by institutional investors.
Universal Health Services, Inc. (UHS) opened at $112.78 on Thursday. Universal Health Services, Inc. has a 1 year low of $95.26 and a 1 year high of $129.74. The firm has a market cap of $10,728.51, a PE ratio of 15.11, a P/E/G ratio of 2.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16.
Universal Health Services declared that its board has approved a stock buyback program on Wednesday, November 15th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the health services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Universal Health Services’s dividend payout ratio is currently 5.49%.
UHS has been the topic of a number of research reports. Royal Bank of Canada restated a “buy” rating and issued a $147.00 price target on shares of Universal Health Services in a report on Tuesday, August 29th. KeyCorp reissued a “buy” rating and set a $127.00 price target on shares of Universal Health Services in a research report on Thursday, September 7th. Leerink Swann upped their target price on Universal Health Services from $130.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, September 22nd. Zacks Investment Research downgraded Universal Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Stephens began coverage on Universal Health Services in a research report on Wednesday, October 11th. They issued an “equal weight” rating and a $120.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $127.08.
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.
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