MeadowBrook Investment Advisors LLC Has $263,000 Position in Universal Health Services, Inc. (NYSE:UHS)

MeadowBrook Investment Advisors LLC lowered its position in Universal Health Services, Inc. (NYSE:UHS) by 19.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,150 shares of the health services provider’s stock after selling 275 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Universal Health Services were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UHS. Empowered Funds LLC acquired a new stake in Universal Health Services during the 1st quarter valued at approximately $354,000. Headlands Technologies LLC acquired a new stake in shares of Universal Health Services during the 1st quarter worth approximately $36,000. Russell Investments Group Ltd. grew its position in shares of Universal Health Services by 1.2% during the 1st quarter. Russell Investments Group Ltd. now owns 75,120 shares of the health services provider’s stock worth $13,706,000 after buying an additional 880 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Universal Health Services by 16.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 88,190 shares of the health services provider’s stock worth $16,091,000 after buying an additional 12,516 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Universal Health Services by 31.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,237 shares of the health services provider’s stock worth $13,728,000 after buying an additional 17,852 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

UHS has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Universal Health Services from $200.00 to $229.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company increased their target price on Universal Health Services from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. KeyCorp initiated coverage on Universal Health Services in a report on Friday, October 11th. They issued a “sector weight” rating on the stock. UBS Group increased their target price on Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada cut their target price on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $231.14.

Universal Health Services Price Performance

Shares of UHS traded up $3.92 during trading hours on Thursday, reaching $206.67. 124,830 shares of the company’s stock traded hands, compared to its average volume of 677,673. The stock has a market cap of $13.79 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm’s 50 day simple moving average is $222.50 and its 200-day simple moving average is $204.92. Universal Health Services, Inc. has a 12 month low of $132.38 and a 12 month high of $243.25.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings results 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). The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.90 billion. Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. Equities analysts expect that Universal Health Services, Inc. will post 15.93 EPS for the current year.

Universal Health Services announced that its board has authorized a share buyback program on Wednesday, July 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the health services provider to buy up to 8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Universal Health Services 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.