Wedge Capital Management L L P NC lowered its holdings in Universal Health Services, Inc. (NYSE:UHS) by 11.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,566,918 shares of the health services provider’s stock after selling 210,539 shares during the quarter. Universal Health Services accounts for about 1.6% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 4th largest position. Wedge Capital Management L L P NC owned about 1.64% of Universal Health Services worth $173,834,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UHS. Creative Planning grew its holdings in Universal Health Services by 2.4% in the 2nd quarter. Creative Planning now owns 1,152 shares of the health services provider’s stock valued at $141,000 after buying an additional 27 shares during the last quarter. Grove Bank & Trust grew its holdings in Universal Health Services by 262.4% in the 2nd quarter. Grove Bank & Trust now owns 1,196 shares of the health services provider’s stock valued at $146,000 after buying an additional 866 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Universal Health Services in the 2nd quarter valued at approximately $150,000. Seven Bridges Advisors LLC acquired a new stake in Universal Health Services in the 2nd quarter valued at approximately $158,000. Finally, Stratos Wealth Partners LTD. grew its holdings in Universal Health Services by 1.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,644 shares of the health services provider’s stock valued at $201,000 after buying an additional 21 shares during the last quarter. 85.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on UHS. Zacks Investment Research lowered Universal Health Services from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Citigroup Inc. lowered their target price on Universal Health Services from $131.00 to $126.00 and set a “neutral” rating on the stock in a report on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $147.00 target price on shares of Universal Health Services in a report on Tuesday, October 3rd. BidaskClub lowered Universal Health Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $134.00 price objective on shares of Universal Health Services in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $128.33.
Universal Health Services (NYSE:UHS) last issued its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.60 billion. Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 EPS.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.
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