Wedge Capital Management L L P NC lessened its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 0.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,434,542 shares of the health services provider’s stock after selling 8,027 shares during the quarter. Universal Health Services accounts for about 2.1% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its largest holding. Wedge Capital Management L L P NC’s holdings in Universal Health Services were worth $187,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sector Gamma AS increased its holdings in shares of Universal Health Services by 2.9% in the second quarter. Sector Gamma AS now owns 64,742 shares of the health services provider’s stock worth $8,442,000 after acquiring an additional 1,836 shares in the last quarter. Olstein Capital Management L.P. boosted its position in Universal Health Services by 27.4% during the second quarter. Olstein Capital Management L.P. now owns 33,000 shares of the health services provider’s stock valued at $4,303,000 after purchasing an additional 7,100 shares during the last quarter. Signaturefd LLC boosted its position in Universal Health Services by 29.7% during the second quarter. Signaturefd LLC now owns 786 shares of the health services provider’s stock valued at $102,000 after purchasing an additional 180 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Universal Health Services by 613.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,210 shares of the health services provider’s stock valued at $1,071,000 after purchasing an additional 7,060 shares during the last quarter. Finally, Dfpg Investments Inc. acquired a new position in Universal Health Services during the second quarter valued at approximately $1,067,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

In other Universal Health Services news, Director Robert H. Hotz sold 7,309 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $148.01, for a total transaction of $1,081,805.09. Following the transaction, the director now owns 67,715 shares in the company, valued at approximately $10,022,497.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marvin G. Pember sold 16,693 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $149.54, for a total value of $2,496,271.22. Following the transaction, the executive vice president now owns 83,379 shares in the company, valued at approximately $12,468,495.66. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.

NYSE:UHS traded up $2.24 during mid-day trading on Tuesday, hitting $148.93. 27,711 shares of the stock were exchanged, compared to its average volume of 784,641. The stock has a market cap of $13.22 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The stock’s 50-day moving average price is $137.45. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.27 and a quick ratio of 1.17. Universal Health Services, Inc. has a fifty-two week low of $112.79 and a fifty-two week high of $157.79.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Thursday, July 25th. The health services provider reported $2.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.27. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Universal Health Services had a return on equity of 16.41% and a net margin of 7.25%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $2.47 EPS. As a group, equities analysts anticipate that Universal Health Services, Inc. will post 10.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.20 per share. This is a boost from Universal Health Services’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date is Friday, August 30th. Universal Health Services’s dividend payout ratio (DPR) is presently 4.20%.

UHS has been the subject of several recent research reports. Bank of America increased their price target on Universal Health Services from $158.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, July 26th. BMO Capital Markets cut their price objective on Universal Health Services to $138.00 and set a “market perform” rating for the company in a research report on Monday, April 29th. Morgan Stanley raised their price objective on Universal Health Services from $135.00 to $146.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Credit Suisse Group raised their price objective on Universal Health Services from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a $151.00 price objective on shares of Universal Health Services in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Universal Health Services has an average rating of “Hold” and an average target price of $149.38.

Universal Health Services Company Profile

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

See Also: Fundamental Analysis

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

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