SEB Asset Management AB Invests $7.51 Million in Universal Health Services, Inc. $UHS

SEB Asset Management AB bought a new position in Universal Health Services, Inc. (NYSE:UHS) during the 1st quarter, Holdings Channel reports. The fund bought 41,973 shares of the health services provider’s stock, valued at approximately $7,512,000.

A number of other hedge funds also recently bought and sold shares of UHS. Elyxium Wealth LLC bought a new position in Universal Health Services during the 4th quarter valued at approximately $25,000. Harbor Capital Advisors Inc. bought a new stake in shares of Universal Health Services in the 4th quarter worth approximately $26,000. Founders Capital Management bought a new stake in shares of Universal Health Services in the 4th quarter worth approximately $28,000. CYBER HORNET ETFs LLC purchased a new position in shares of Universal Health Services during the second quarter valued at approximately $29,000. Finally, Larson Financial Group LLC increased its stake in shares of Universal Health Services by 302.9% during the fourth quarter. Larson Financial Group LLC now owns 141 shares of the health services provider’s stock valued at $31,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Universal Health Services Stock Performance

Shares of Universal Health Services stock opened at $150.00 on Wednesday. Universal Health Services, Inc. has a 1 year low of $140.08 and a 1 year high of $246.32. The firm’s 50-day moving average is $151.65 and its 200 day moving average is $180.98. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 0.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.08 and a quick ratio of 1.01.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Tuesday, April 28th. The health services provider reported $5.62 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $0.21. The business had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.39 billion. Universal Health Services had a net margin of 8.56% and a return on equity of 19.57%. Universal Health Services’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $4.84 EPS. Sell-side analysts anticipate that Universal Health Services, Inc. will post 23.44 EPS for the current fiscal year.

Universal Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. Universal Health Services’s dividend payout ratio is presently 3.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UHS. Raymond James Financial lowered Universal Health Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Morgan Stanley reduced their price objective on shares of Universal Health Services from $233.00 to $212.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. TD Cowen decreased their price objective on shares of Universal Health Services from $230.00 to $197.00 and set a “buy” rating for the company in a report on Monday, June 22nd. Cantor Fitzgerald dropped their target price on shares of Universal Health Services from $229.00 to $194.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Stephens cut their target price on shares of Universal Health Services from $235.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $213.73.

About Universal Health Services

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.