Point72 Asia Singapore Pte. Ltd. Cuts Holdings in Universal Health Services, Inc. (NYSE:UHS)

Point72 Asia Singapore Pte. Ltd. reduced its holdings in Universal Health Services, Inc. (NYSE:UHS) by 90.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 538 shares of the health services provider’s stock after selling 5,100 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Universal Health Services were worth $123,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in Universal Health Services in the third quarter valued at $39,000. Captrust Financial Advisors increased its holdings in shares of Universal Health Services by 73.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,226 shares of the health services provider’s stock valued at $510,000 after purchasing an additional 939 shares in the last quarter. Martingale Asset Management L P lifted its stake in shares of Universal Health Services by 494.7% in the third quarter. Martingale Asset Management L P now owns 72,858 shares of the health services provider’s stock valued at $16,685,000 after purchasing an additional 60,606 shares during the period. Vinva Investment Management Ltd boosted its holdings in Universal Health Services by 33.4% during the third quarter. Vinva Investment Management Ltd now owns 52,098 shares of the health services provider’s stock worth $11,978,000 after buying an additional 13,042 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Universal Health Services by 13.2% during the third quarter. Public Sector Pension Investment Board now owns 2,572 shares of the health services provider’s stock worth $589,000 after buying an additional 300 shares during the period. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UHS shares. Bank of America started coverage on shares of Universal Health Services in a research report on Wednesday, November 6th. They set a “neutral” rating and a $223.00 price target for the company. Barclays lifted their price objective on Universal Health Services from $256.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Cantor Fitzgerald reissued a “neutral” rating and issued a $219.00 target price on shares of Universal Health Services in a report on Friday, October 25th. Royal Bank of Canada cut their price target on Universal Health Services from $222.00 to $211.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Finally, Robert W. Baird increased their price objective on shares of Universal Health Services from $236.00 to $274.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $225.50.

Universal Health Services Price Performance

UHS stock opened at $196.02 on Friday. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. The stock’s fifty day simple moving average is $212.32 and its 200-day simple moving average is $207.71. Universal Health Services, Inc. has a 52-week low of $133.70 and a 52-week high of $243.25. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.69.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings data on Thursday, October 24th. The health services provider reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.04). Universal Health Services had a net margin of 6.66% and a return on equity of 15.75%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.90 billion. During the same period in the prior year, the company earned $2.55 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts expect that Universal Health Services, Inc. will post 15.88 EPS for the current year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Universal Health Services’s dividend payout ratio is presently 5.32%.

About Universal Health Services

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