Westport Asset Management Inc. Boosts Stake in Universal Health Services, Inc. (UHS)
Westport Asset Management Inc. lifted its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 14.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,661 shares of the health services provider’s stock after buying an additional 15,323 shares during the quarter. Universal Health Services comprises 8.7% of Westport Asset Management Inc.’s holdings, making the stock its 3rd biggest position. Westport Asset Management Inc. owned 0.13% of Universal Health Services worth $11,575,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of UHS. 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. acquired a new stake in shares of Universal Health Services during the third quarter worth $205,000. National Planning Corp lifted its holdings in shares of Universal Health Services by 0.3% during the second quarter. National Planning Corp now owns 1,712 shares of the health services provider’s stock worth $208,000 after buying an additional 5 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Universal Health Services during the second quarter worth $211,000. Finally, Advisor Group Inc. lifted its holdings in shares of 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 buying an additional 1,204 shares in the last quarter. 86.13% of the stock is owned by institutional investors.
Universal Health Services, Inc. (UHS) traded down $0.58 during trading on Tuesday, reaching $110.98. The company’s stock had a trading volume of 1,015,600 shares, compared to its average volume of 796,538. Universal Health Services, Inc. has a 1 year low of $95.26 and a 1 year high of $129.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.26. The company has a market capitalization of $10,588.05, a PE ratio of 14.91, a PEG ratio of 2.54 and a beta of 0.97.
Universal Health Services (NYSE:UHS) last released its earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a net margin of 6.90% and a return on equity of 15.13%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue was up 4.4% on a year-over-year basis. research analysts forecast that Universal Health Services, Inc. will post 7.36 earnings per share for the current year.
Universal Health Services declared that its board has initiated a share buyback plan on Wednesday, November 15th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the health services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Thursday, November 30th. Universal Health Services’s dividend payout ratio is presently 5.49%.
A number of research firms have recently weighed in on UHS. Citigroup raised Universal Health Services from a “neutral” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $147.00 price target on shares of Universal Health Services in a research note on Tuesday, October 3rd. Morgan Stanley dropped their price target on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Zacks Investment Research downgraded Universal Health Services from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, BMO Capital Markets started coverage on Universal Health Services in a research note on Monday, October 16th. They issued an “outperform” rating and a $125.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $126.31.
Universal Health Services 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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