Magnetar Financial LLC purchased a new stake in Universal Health Services, Inc. (NYSE:UHS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,916 shares of the health services provider’s stock, valued at approximately $434,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Nomura Asset Management Co. Ltd. lifted its stake in Universal Health Services by 167.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 31,856 shares of the health services provider’s stock valued at $3,534,000 after buying an additional 19,930 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in Universal Health Services by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 39,309 shares of the health services provider’s stock valued at $4,379,000 after buying an additional 700 shares during the period. Engineers Gate Manager LP acquired a new position in Universal Health Services in the third quarter valued at approximately $1,966,000. Sirios Capital Management L P lifted its stake in Universal Health Services by 6.0% in the third quarter. Sirios Capital Management L P now owns 516,312 shares of the health services provider’s stock valued at $57,280,000 after buying an additional 29,086 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in Universal Health Services by 11.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 349,872 shares of the health services provider’s stock valued at $38,815,000 after buying an additional 36,826 shares during the period. 86.13% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have issued reports on UHS. Citigroup raised Universal Health Services from a “neutral” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $147.00 target price on shares of Universal Health Services in a research report on Tuesday, October 3rd. Morgan Stanley lowered their target price on Universal Health Services from $120.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Zacks Investment Research lowered Universal Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, BMO Capital Markets began coverage on Universal Health Services in a research report on Monday, October 16th. They set an “outperform” rating and a $125.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.31.
Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Wednesday, October 25th. The health services provider reported $1.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.27). Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $1.60 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. research analysts anticipate that Universal Health Services, Inc. will post 7.37 EPS for the current year.
Universal Health Services announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 15th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the health services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.35%. Universal Health Services’s dividend payout ratio (DPR) is currently 5.49%.
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Universal Health Services Profile
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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