2 weeks Ago By ABMN Staff
Benjamin F. Edwards & Company Inc. boosted its position in shares of Universal Health Services, Inc.
( NYSE:UHS – Free Report ) by 41.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 251 shares of the health services provider’s stock after acquiring an additional 74 shares during the quarter.
Benjamin F. Edwards & Company Inc.’s holdings in Universal Health Services were worth $46,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC increased its position in Universal Health Services by 334.7% during the second quarter.
Intech Investment Management LLC now owns 62,515 shares of the health services provider’s stock valued at $11,561,000 after acquiring an additional 48,133 shares during the last quarter. Leuthold Group LLC increased its position in Universal Health Services by 9.2% in the second quarter.
Leuthold Group LLC now owns 23,215 shares of the health services provider’s stock worth $4,293,000 after buying an additional 1,962 shares in the last quarter. MQS Management LLC purchased a new stake in Universal Health Services in the second quarter worth about $205,000. XTX Topco Ltd purchased a new stake in Universal Health Services in the second quarter worth about $276,000.
Finally, Hsbc Holdings PLC increased its position in Universal Health Services by 1.4% in the second quarter. Hsbc Holdings PLC now owns 159,277 shares of the health services provider’s stock worth $29,457,000 after buying an additional 2,122 shares in the last quarter.
Hedge funds and other institutional investors own 86.05% of the company’s stock. Insider Activity at Universal Health Services In related news, Director Eileen C.
Mcdonnell sold 2,535 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $209.55, for a total transaction of $531,209.
25. Following the completion of the transaction, the director now directly owns 6,413 shares of the company’s stock, valued at $1,343,844.15.
The sale was disclosed in a filing with the SEC, which is available through this link . In other news, Director Eileen C. Mcdonnell sold 2,535 shares of Universal Health Services stock in a transaction that occurred on Friday, July 26th.
The stock was sold at an average price of $209.55, for a total value of $531,209.25.
Following the completion of the transaction, the director now owns 6,413 shares in the company, valued at approximately $1,343,844.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website .
Also, Director Warren J. Nimetz sold 3,444 shares of Universal Health Services stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $217.
64, for a total value of $749,552.16. Following the completion of the transaction, the director now owns 3,971 shares of the company’s stock, valued at approximately $864,248.
44. The disclosure for this sale can be found here . Over the last three months, insiders sold 21,970 shares of company stock valued at $4,653,535.
Insiders own 16.10% of the company’s stock. Universal Health Services Price Performance Universal Health Services ( NYSE:UHS – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th.
The health services provider reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.
94. Universal Health Services had a return on equity of 14.91% and a net margin of 6.
22%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.
87 billion. During the same period in the prior year, the company earned $2.53 earnings per share.
The firm’s revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Universal Health Services, Inc.
will post 15.91 EPS for the current fiscal year. Universal Health Services declared that its board has initiated a share buyback plan on Wednesday, July 24th that allows the company to buyback $1.
00 billion in shares. This buyback authorization allows the health services provider to buy up to 8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
Universal Health Services Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.20 per share.
This represents a $0.80 dividend on an annualized basis and a yield of 0.35%.
The ex-dividend date was Tuesday, September 3rd. Universal Health Services’s payout ratio is presently 6.78%.
Analysts Set New Price Targets UHS has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on Universal Health Services from $200.00 to $229.
00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. TD Cowen upped their price target on Universal Health Services from $183.00 to $220.
00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $219.00 price target on shares of Universal Health Services in a research report on Monday, August 19th.
Wells Fargo & Company upped their price target on Universal Health Services from $200.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th.
Finally, Robert W. Baird increased their target price on Universal Health Services from $236.00 to $274.
00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.
com, the company currently has an average rating of “Moderate Buy” and an average target price of $224.92. Check Out Our Latest Research Report on Universal Health Services About Universal Health Services ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding UHS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Universal Health Services, Inc. ( NYSE:UHS – Free Report ). Receive News & Ratings for Universal Health Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal Health Services and related companies with MarketBeat.
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