2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC cut its stake in Universal Health Services, Inc. ( NYSE:UHS – Free Report ) by 18.0% in the 2nd quarter, HoldingsChannel reports.
The fund owned 33,561 shares of the health services provider’s stock after selling 7,370 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Universal Health Services were worth $6,206,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also made changes to their positions in the company.
Vanguard Group Inc. boosted its holdings in Universal Health Services by 0.8% during the first quarter.
Vanguard Group Inc. now owns 7,099,282 shares of the health services provider’s stock worth $1,295,335,000 after buying an additional 57,036 shares in the last quarter. Goldman Sachs Group Inc.
boosted its holdings in Universal Health Services by 42.8% during the fourth quarter. Goldman Sachs Group Inc.
now owns 736,542 shares of the health services provider’s stock worth $112,278,000 after buying an additional 220,823 shares in the last quarter. Balyasny Asset Management L.P.
boosted its holdings in Universal Health Services by 32,501.2% during the fourth quarter. Balyasny Asset Management L.
P. now owns 570,847 shares of the health services provider’s stock worth $87,020,000 after buying an additional 569,096 shares in the last quarter. Point72 Asset Management L.
P. boosted its holdings in Universal Health Services by 12,924.9% during the fourth quarter.
Point72 Asset Management L.P. now owns 503,935 shares of the health services provider’s stock worth $76,820,000 after buying an additional 500,066 shares in the last quarter.
Finally, Bank of New York Mellon Corp boosted its holdings in Universal Health Services by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 486,438 shares of the health services provider’s stock worth $89,957,000 after buying an additional 2,620 shares in the last quarter.
86.05% of the stock is currently owned by institutional investors. Insider Activity In related news, EVP Matthew Jay Peterson sold 15,141 shares of Universal Health Services stock in a transaction dated Friday, July 26th.
The shares were sold at an average price of $210.85, for a total transaction of $3,192,479.85.
Following the completion of the transaction, the executive vice president now directly owns 5,253 shares of the company’s stock, valued at approximately $1,107,595.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
In other Universal Health Services news, Director Nina Chen-Langenmayr sold 850 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $212.11, for a total value of $180,293.
50. Following the transaction, the director now directly owns 1,985 shares in the company, valued at $421,038.35.
The transaction was disclosed in a document filed with the SEC, which is available through this link . Also, EVP Matthew Jay Peterson sold 15,141 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $210.
85, for a total transaction of $3,192,479.85. Following the completion of the transaction, the executive vice president now owns 5,253 shares in the company, valued at $1,107,595.
05. The disclosure for this sale can be found here . In the last three months, insiders have sold 21,970 shares of company stock worth $4,653,535.
Corporate insiders own 16.10% of the company’s stock. Wall Street Analyst Weigh In Read Our Latest Research Report on Universal Health Services Universal Health Services Stock Performance NYSE UHS opened at $229.
88 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.
28 and a quick ratio of 1.17. The company’s fifty day moving average is $224.
97 and its two-hundred day moving average is $194.42. Universal Health Services, Inc.
has a 52-week low of $119.90 and a 52-week high of $243.25.
The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 0.
80 and a beta of 1.28. Universal Health Services ( NYSE:UHS – Get Free Report ) last issued its earnings results on Wednesday, July 24th.
The health services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.
94. Universal Health Services had a net margin of 6.22% and a return on equity of 14.
91%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.
87 billion. During the same period in the previous year, the business earned $2.53 EPS.
The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Universal Health Services, Inc.
will post 15.91 EPS for the current year. Universal Health Services declared that its Board of Directors has initiated a share buyback program on Wednesday, July 24th that authorizes the company to buyback $1.
00 billion in outstanding shares. This buyback authorization authorizes the health services provider to repurchase up to 8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
Universal Health Services Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.20 per share.
The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.
35%. Universal Health Services’s dividend payout ratio (DPR) is currently 6.78%.
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.
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