Retirement Systems of Alabama cut its stake in Universal Health Services Inc. (NYSE:UHS) by 11.5% during the third quarter, Holdings Channel reports. The firm owned 126,243 shares of the company’s stock after selling 16,382 shares during the period. Retirement Systems of Alabama owned about 0.13% of Universal Health Services worth $15,556,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UHS. Tower Research Capital LLC TRC acquired a new position in Universal Health Services during the second quarter valued at approximately $124,000. Checchi Capital Advisers LLC boosted its position in Universal Health Services by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 1,030 shares of the company’s stock valued at $138,000 after buying an additional 12 shares during the period. Creative Planning boosted its position in Universal Health Services by 5.2% in the second quarter. Creative Planning now owns 1,108 shares of the company’s stock valued at $149,000 after buying an additional 55 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Universal Health Services by 118.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,323 shares of the company’s stock valued at $177,000 after buying an additional 718 shares during the period. Finally, CrestPoint Capital Management LLC acquired a new position in Universal Health Services during the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 85.69% of the company’s stock.
Universal Health Services Inc. (NYSE:UHS) traded down 0.43% during trading on Monday, hitting $122.64. The stock had a trading volume of 247,734 shares. Universal Health Services Inc. has a 52 week low of $100.82 and a 52 week high of $139.77. The stock has a 50-day moving average price of $122.15 and a 200-day moving average price of $127.42.
Universal Health Services (NYSE:UHS) last released its earnings results on Wednesday, October 26th. The company reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Universal Health Services had a net margin of 7.31% and a return on equity of 16.35%. The company earned $2.61 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts predict that Universal Health Services Inc. will post $7.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, November 29th. Universal Health Services’s payout ratio is presently 5.63%.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Universal Health Services from a “sell” rating to a “hold” rating in a research note on Monday. Barclays PLC reissued a “hold” rating and issued a $147.00 price objective on shares of Universal Health Services in a report on Monday, November 14th. Avondale Partners lowered Universal Health Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Mizuho lowered their price objective on Universal Health Services from $150.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, October 27th. Finally, Bank of America Corp. lowered Universal Health Services from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $150.00 to $135.00 in a report on Wednesday, November 9th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $141.00.
About Universal Health Services
Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.