State of New Jersey Common Pension Fund D Has $5.08 Million Stock Holdings in Universal Health Services, Inc. (NYSE:UHS)

State of New Jersey Common Pension Fund D reduced its position in Universal Health Services, Inc. (NYSE:UHS) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,303 shares of the health services provider’s stock after selling 2,614 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Universal Health Services were worth $5,077,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Universal Health Services by 42.8% in the third quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock valued at $34,000 after acquiring an additional 80 shares during the period. GAMMA Investing LLC acquired a new position in shares of Universal Health Services during the 4th quarter worth approximately $42,000. Platinum Investment Management Ltd. raised its position in shares of Universal Health Services by 16.9% in the third quarter. Platinum Investment Management Ltd. now owns 727 shares of the health services provider’s stock valued at $91,000 after buying an additional 105 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of Universal Health Services in the fourth quarter valued at approximately $96,000. Finally, Van ECK Associates Corp boosted its stake in shares of Universal Health Services by 9.6% in the third quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock valued at $126,000 after buying an additional 88 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Universal Health Services news, CFO Steve Filton sold 35,000 shares of Universal Health Services stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the completion of the sale, the chief financial officer now owns 68,785 shares of the company’s stock, valued at $12,162,563.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 16.10% of the company’s stock.

Analyst Upgrades and Downgrades

UHS has been the topic of several research analyst reports. Mizuho raised their price objective on Universal Health Services from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $156.00 price target on shares of Universal Health Services in a research report on Wednesday, April 10th. UBS Group increased their price target on Universal Health Services from $152.00 to $177.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. The Goldman Sachs Group raised their target price on Universal Health Services from $170.00 to $189.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Universal Health Services from $208.00 to $203.00 and set a “buy” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.60.

Universal Health Services Stock Performance

Shares of NYSE UHS traded up $0.96 during mid-day trading on Friday, hitting $166.06. The company had a trading volume of 797,996 shares, compared to its average volume of 585,350. The stock’s 50-day moving average price is $170.63 and its 200-day moving average price is $153.34. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.83 and a beta of 1.24. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 0.77. Universal Health Services, Inc. has a 1 year low of $119.90 and a 1 year high of $183.61.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.56. Universal Health Services had a net margin of 5.57% and a return on equity of 13.43%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business earned $2.34 earnings per share. Universal Health Services’s revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts forecast that Universal Health Services, Inc. will post 13.34 earnings per share for the current year.

About Universal Health Services

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.