Paralel Advisors LLC Takes Position in Universal Health Services, Inc. $UHS

Paralel Advisors LLC bought a new position in shares of Universal Health Services, Inc. (NYSE:UHS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,903 shares of the health services provider’s stock, valued at approximately $1,919,000.

Several other large investors have also made changes to their positions in UHS. NewEdge Advisors LLC boosted its holdings in Universal Health Services by 2.7% in the first quarter. NewEdge Advisors LLC now owns 2,665 shares of the health services provider’s stock valued at $501,000 after acquiring an additional 69 shares during the last quarter. United Services Automobile Association acquired a new position in Universal Health Services during the 1st quarter valued at about $235,000. Focus Partners Wealth boosted its stake in shares of Universal Health Services by 80.6% in the 1st quarter. Focus Partners Wealth now owns 2,631 shares of the health services provider’s stock valued at $494,000 after purchasing an additional 1,174 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Universal Health Services by 95.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 583 shares of the health services provider’s stock valued at $106,000 after purchasing an additional 284 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Universal Health Services during the 2nd quarter worth approximately $379,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UHS shares. TD Cowen reduced their price objective on shares of Universal Health Services from $230.00 to $197.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $194.00 price target on shares of Universal Health Services in a research note on Tuesday, July 28th. UBS Group reissued a “buy” rating on shares of Universal Health Services in a research note on Monday, August 31st. Barclays lowered their target price on shares of Universal Health Services from $179.00 to $168.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. reduced their target price on Universal Health Services from $235.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $204.93.

Universal Health Services Stock Down 0.1%

Shares of Universal Health Services stock opened at $169.43 on Monday. The business’s 50 day simple moving average is $163.60 and its 200 day simple moving average is $171.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.04 and a current ratio of 1.12. The firm has a market cap of $9.99 billion, a PE ratio of 6.90, a P/E/G ratio of 0.91 and a beta of 1.06. Universal Health Services, Inc. has a 52-week low of $140.08 and a 52-week high of $246.32.

Universal Health Services (NYSE:UHS) last announced its earnings results on Tuesday, July 28th. The health services provider reported $5.98 EPS for the quarter, topping the consensus estimate of $5.94 by $0.04. Universal Health Services had a net margin of 8.42% and a return on equity of 19.39%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the company posted $5.35 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Universal Health Services, Inc. will post 22.96 earnings per share for the current fiscal year.

Universal Health Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Universal Health Services’s dividend payout ratio is presently 3.26%.

Universal Health Services Company Profile

Universal Health Services, Inc (NYSE: UHS) is one of the largest diversified health care management companies in the United States, offering a broad spectrum of services through its acute care hospital and behavioral health segments. The company operates general acute care hospitals, surgical hospitals and ambulatory centers, as well as inpatient and outpatient behavioral health facilities. Its network provides emergency and specialized medicine, diagnostic imaging, laboratory services, advanced surgical care and rehabilitation, complemented by a comprehensive array of behavioral services including psychiatric treatment, addiction programs and developmental disabilities care.

In the acute care segment, UHS’s facilities deliver services ranging from emergency department treatment and intensive care to maternity care and outpatient surgery.