Pacer Advisors Inc. buys 3,506 shares of Universal Health Services, Inc. (NYSE: UHS)


Pacer Advisors Inc. increased its stake in shares of Universal Health Services, Inc. (NYSE: UHS – Get Rating) by 93.5% in Q1, reports HoldingsChannel.com. The fund held 7,256 shares of the healthcare provider after acquiring an additional 3,506 shares during the period. Pacer Advisors Inc.’s holdings in Universal Health Services were worth $1,052,000 when it last filed with the SEC.

Several other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Daiwa Securities Group Inc. increased its stake in shares of Universal Health Services by 1.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,501 shares of the healthcare provider worth $584,000 after acquiring 85 additional shares last quarter. CIBC Asset Management Inc. increased its stake in shares of Universal Health Services by 1.6% during the 4th quarter. CIBC Asset Management Inc. now owns 7,223 shares of the healthcare provider worth $937,000 after acquiring 117 additional shares last quarter. Parsons Capital Management Inc. RI increased its stake in shares of Universal Health Services by 1.7% during the 4th quarter. Parsons Capital Management Inc. RI now owns 8,612 shares of the healthcare provider worth $1,117,000 after acquiring 144 additional shares last quarter. 180 Wealth Advisors LLC increased its stake in shares of Universal Health Services by 8.7% during the 4th quarter. 180 Wealth Advisors LLC now owns 2,014 shares of the healthcare provider worth $258,000 after acquiring 161 additional shares in the last quarter. Finally, Commerce Bank increased its stake in Universal Health Services by 4.6% in the 4th quarter. Commerce Bank now owns 4,323 shares of the healthcare provider valued at $561,000 after buying an additional 189 shares during the period. Institutional investors hold 89.41% of the company’s shares.

UHS shares opened at $108.77 on Friday. The stock has a 50-day moving average of $122.36 and a two-hundred-day moving average of $132.15. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt ratio of 0.71. Universal Health Services, Inc. has a 12 month minimum of $99.54 and a 12 month maximum of $165.00. The company has a market capitalization of $8.14 billion, a P/E ratio of 9.53, a P/E/G ratio of 2.26 and a beta of 1.10.

Universal Health Services (NYSE:UHS – Get Rating) last released its results on Monday, April 25. The healthcare service provider reported earnings per share (EPS) of $2.15 for the quarter, missing analyst consensus estimates of $2.47 per ($0.32). Universal Health Services had a return on equity of 15.06% and a net margin of 7.25%. The company posted revenue of $3.29 billion in the quarter, versus analyst estimates of $3.24 billion. During the same period a year earlier, the company posted earnings per share of $2.44. The company’s quarterly revenue increased 9.3% year over year. Sell-side analysts expect Universal Health Services, Inc. to post 11.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.20. The ex-dividend date was Tuesday, May 31. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.74%. The rate of distribution of universal health services is currently 7.01%.

Several analysts have recently weighed in on UHS stocks. Credit Suisse Group lowered its target price on universal health services to $156.00 in a Friday, June 3 research note. SVB Leerink raised its target price on Universal Health Services from $136.00 to $139.00 and gave the company a “market performance” rating in a Monday, Feb. 28 research note. TheStreet downgraded Universal Health Services from a “b-” grade to a “c+” grade in a Tuesday, June 21 research note. The Royal Bank of Canada reduced its target price on universal health services from $149.00 to $130.00 in a Wednesday, April 27 research note. Finally, Loop Capital began covering universal health services in a research note on Thursday, June 16. They set a “holding” rating and a target price of $115.00 for the company. Four investment analysts gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, Universal Health Services currently has an average rating of “Hold” and an average price target of $148.23.

About Universal Health Services (Get a rating)

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals and ambulatory and behavioral health care facilities. The Company operates through the Acute Care Hospital Services and Behavioral Health Care Services segments. Its hospitals offer general and specialized surgery, internal medicine, obstetrics, emergency care, radiology, oncology, diagnostic and coronary care, pediatrics, pharmacy and/or behavioral health.

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Want to see which other hedge funds hold UHS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Universal Health Services, Inc. (NYSE:UHS – Get Rating).

Institutional Ownership by Quarter for Universal Health Services (NYSE: UHS)



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