Investment Management Corp of Ontario Grows Holdings in Universal Health Services, Inc. (NYSE:UHS)

Investment Management Corp of Ontario boosted its holdings in shares of Universal Health Services, Inc. (NYSE:UHS) by 45.8% in the third quarter, HoldingsChannel reports. The fund owned 1,909 shares of the health services provider’s stock after acquiring an additional 600 shares during the period. Investment Management Corp of Ontario’s holdings in Universal Health Services were worth $437,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Universal Health Services by 134.2% during the first quarter. Cetera Investment Advisers now owns 8,744 shares of the health services provider’s stock valued at $1,595,000 after purchasing an additional 5,010 shares during the last quarter. Cetera Advisors LLC bought a new position in Universal Health Services during the 1st quarter valued at approximately $642,000. CWM LLC raised its stake in Universal Health Services by 31.6% during the second quarter. CWM LLC now owns 942 shares of the health services provider’s stock valued at $174,000 after buying an additional 226 shares during the last quarter. QRG Capital Management Inc. raised its stake in Universal Health Services by 5.4% during the second quarter. QRG Capital Management Inc. now owns 2,913 shares of the health services provider’s stock valued at $539,000 after buying an additional 149 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Universal Health Services by 257.1% in the second quarter. SG Americas Securities LLC now owns 13,818 shares of the health services provider’s stock worth $2,555,000 after acquiring an additional 9,949 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Universal Health Services Trading Down 0.9 %

Shares of NYSE:UHS opened at $194.22 on Friday. Universal Health Services, Inc. has a 52-week low of $133.70 and a 52-week high of $243.25. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.64 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.39. The stock’s 50-day simple moving average is $210.73 and its two-hundred day simple moving average is $207.91.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a return on equity of 15.75% and a net margin of 6.66%. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period in the previous year, the business posted $2.55 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Universal Health Services, Inc. will post 15.88 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Universal Health Services’s dividend payout ratio (DPR) is 5.32%.

Analyst Ratings Changes

UHS has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. UBS Group upped their target price on shares of Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their price target on shares of Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Barclays upped their price objective on Universal Health Services from $256.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, KeyCorp assumed coverage on Universal Health Services in a report on Friday, October 11th. They issued a “sector weight” rating for the company. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.50.

Universal Health Services Company Profile

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.