Universal Health Services (NYSE:UHS) receives new coverage from StockNews.com analysts

StockNews.com equity research analysts have launched coverage on the shares of Universal Health Services (NYSE: UHS – Get an Assessment) in a report released Wednesday. The company has placed a “hold” rating on the shares of the healthcare provider.

UHS has been the subject of a number of other reports. Barclays cut its price target on Universal Health Services shares from $133.00 to $115.00 in a Friday, July 29 research report. Loop Capital began covering Universal Health Services stocks in a research note on Thursday, June 16. They issued a “hold” rating and a price target of $115.00 on the stock. SVB Leerink raised its price target on Universal Health Services stock from $111.00 to $115.00 and gave the stock a “market performance” rating in a Wednesday, Aug. 24 research note. Mizuho cut its price target on Universal Health Services shares from $153.00 to $121.00 and set a “buy” rating for the company in a Friday, July 1 report. Finally, TheStreet downgraded shares of Universal Health Services from a “b-” rating to a “c+” rating in a Tuesday, June 21 report. Five investment analysts gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $119.57.

Price performance of universal health services

NYSE:UHS shares opened at $92.06 on Wednesday. The company has a 50-day moving average of $100.35 and a 200-day moving average of $114.07. The stock has a market capitalization of $6.72 billion, a P/E ratio of 9.37, a P/E/G ratio of 2.79 and a beta of 1.19. Universal Health Services has a 12-month minimum of $87.57 and a 12-month maximum of $158.28. The company has a current ratio of 1.22, a quick ratio of 1.12 and a debt ratio of 0.78.

Universal Health Services (NYSE:UHS – Get Rating) last announced its results on Monday, July 25. The healthcare service provider reported earnings per share (EPS) of $2.20 for the quarter, beating the consensus estimate of $2.08 by $0.12. The company posted revenue of $3.32 billion in the quarter, versus analyst estimates of $3.27 billion. Universal Health Services posted a net margin of 5.94% and a return on equity of 12.88%. Universal Health Services revenue for the quarter increased 3.9% year over year. In the same period a year earlier, the company posted earnings per share of $3.76. As a group, sell-side analysts expect Universal Health Services to post 9.89 EPS for the current fiscal year.

Institutional investors weigh in on universal health services

A number of institutional investors and hedge funds have recently changed their holdings in the company. DNB Asset Management AS increased its holdings of Universal Health Services shares by 321.1% during the third quarter. DNB Asset Management AS now owns 51,573 shares of the healthcare provider worth $4,548,000 after purchasing an additional 39,326 shares during the period. Mackenzie Financial Corp increased its position in Universal Health Services by 9.6% in the third quarter. Mackenzie Financial Corp now owns 136,256 shares of the healthcare provider valued at $12,015,000 after acquiring an additional 11,923 shares during the period. Hussman Strategic Advisors Inc. increased its stake in Universal Health Services by 571.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 20,800 shares of the healthcare provider valued at $2,095,000 after acquiring an additional 17,700 shares during the period. Royal London Asset Management Ltd. increased its holdings in Universal Health Services by 10.6% in the second quarter. Royal London Asset Management Ltd. now owns 36,723 shares of the healthcare provider valued at $3,700,000 after acquiring an additional 3,531 shares during the period. Finally, Verition Fund Management LLC increased its holdings in Universal Health Services by 16.5% in the second quarter. Verition Fund Management LLC now owns 4,135 shares of the healthcare provider valued at $416,000 after acquiring an additional 585 shares during the period. Institutional investors and hedge funds hold 88.93% of the company’s shares.

Universal Health Services Company Profile

(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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