Zurcher Kantonalbank Zurich Cantonalbank holds a $2.44 million stake in Universal Health Services, Inc. (NYSE:UHS)
Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings of shares in Universal Health Services, Inc. (NYSE: UHS – Get Rating) by 3.6% in the first quarter, HoldingsChannel reports. The company held 16,824 shares of the healthcare provider after selling 631 shares during the period. Zurich Cantonal Bank’s holdings in universal health services were worth $2,439,000 at the end of the last reporting period.
A number of other hedge funds have also increased or reduced their stakes in UHS. Spire Wealth Management increased its stake in Universal Health Services by 131.1% in Q1. Spire Wealth Management now owns 208 shares of the healthcare provider valued at $30,000 after buying 118 more shares last quarter. National Bank of Canada FI acquired a new stake in Universal Health Services during the 4th quarter for a value of $32,000. Quent Capital LLC acquired a new stake in Universal Health Services stock in Q4 worth $43,000. Covestor Ltd acquired a new stake in shares of Universal Health Services in Q4 worth $61,000. Finally, Schroder Investment Management Group increased its stake in Universal Health Services shares by 119.1% in the 4th quarter. Schroder Investment Management Group now owns 4,930 shares of the healthcare provider valued at $64,000 after buying an additional 2,680 shares during the period. 89.41% of the shares are held by hedge funds and other institutional investors.
UHS opened at $103.44 on Friday. The company’s 50-day moving average price is $115.76 and its two-hundred-day moving average price is $130.52. Universal Health Services, Inc. has a 1-year minimum of $98.89 and a 1-year maximum of $165.00. The company has a market capitalization of $7.74 billion, a price/earnings ratio of 9.07, a P/E/G ratio of 4.48 and a beta of 1.16. The company has a debt ratio of 0.71, a current ratio of 1.07 and a quick ratio of 0.98.
Universal Health Services (NYSE:UHS – Get Rating) last released its quarterly results on Monday, April 25. The healthcare service provider reported earnings per share (EPS) of $2.15 for the quarter, missing the consensus estimate of $2.47 per ($0.32). Universal Health Services posted a net margin of 7.25% and a return on equity of 15.06%. The company posted revenue of $3.29 billion in the quarter, versus analyst estimates of $3.24 billion. During the same period of the previous year, the company achieved EPS of $2.44. The company’s revenue for the quarter increased by 9.3% compared to the same quarter last year. Sell-side analysts expect Universal Health Services, Inc. to post earnings per share of 9.8 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.20. This represents an annualized dividend of $0.80 and a dividend yield of 0.77%. The ex-dividend date was Tuesday, May 31. Universal Health Services’ dividend payout rate is 7.01%.
Several research companies have recently commented on the UHS. Stephens lowered its target price on Universal Health Services to $105.00 in a Monday, July 4, research note. BMO Capital Markets downgraded Universal Health Services from a “market performing” rating to an “underperforming” rating and lowered its target price for the company from $133.00 to $90.00 in a memo. research on Wednesday. Wells Fargo & Company lowered its target price on Universal Health Services from $139.00 to $118.00 in a Thursday, April 28 research note. Mizuho cut its price target on Universal Health Services from $153.00 to $121.00 and set a “buy” rating on the stock in a research report on Friday, July 1. Finally, Credit Suisse Group cut its price target on Universal Health Services from $156.00 to $141.00 and set an “outperform” rating on the stock in a Friday, July 1 research report. . Five investment analysts gave the stock a sell rating, four gave the company a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $136.27.
Profile of universal health services (Get an assessment)
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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