Redwood Investment Management LLC Increases Stock Position in Universal Health Services, Inc. (NYSE:UHS)

Redwood Investment Management LLC raised its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 3.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,768 shares of the health services provider’s stock after purchasing an additional 294 shares during the quarter. Redwood Investment Management LLC’s holdings in Universal Health Services were worth $1,786,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UHS. Financial Management Professionals Inc. purchased a new stake in Universal Health Services during the 3rd quarter valued at $32,000. Blue Trust Inc. boosted its position in Universal Health Services by 1,284.6% during the 2nd quarter. Blue Trust Inc. now owns 180 shares of the health services provider’s stock valued at $33,000 after buying an additional 167 shares during the period. Innealta Capital LLC purchased a new stake in Universal Health Services during the 2nd quarter valued at $35,000. True Wealth Design LLC purchased a new stake in Universal Health Services during the 3rd quarter valued at $39,000. Finally, Huntington National Bank boosted its position in Universal Health Services by 414.3% during the 3rd quarter. Huntington National Bank now owns 180 shares of the health services provider’s stock valued at $41,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com lowered shares of Universal Health Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Barclays upped their price objective on shares of Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Wells Fargo & Company decreased their price objective on shares of Universal Health Services from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 25th. UBS Group upped their price objective on shares of Universal Health Services from $247.00 to $267.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, TD Cowen decreased their price objective on shares of Universal Health Services from $275.00 to $251.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Six equities research 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, Universal Health Services has an average rating of “Moderate Buy” and a consensus target price of $225.50.

Universal Health Services Stock Performance

Shares of UHS stock opened at $196.02 on Friday. Universal Health Services, Inc. has a one year low of $133.70 and a one year high of $243.25. The company’s 50-day moving average is $212.32 and its 200 day moving average is $207.71. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.63 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.

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

Universal Health Services Dividend Announcement

The business also recently declared 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 is Tuesday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Universal Health Services’s dividend payout ratio is presently 5.32%.

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.