Short Interest in Universal Health Services, Inc. (NYSE:UHS) Declines By 7.9%

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Universal Health Services, Inc. (NYSE:UHS) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 2,502,400 shares, a drop of 7.9% from the May 30th total of 2,717,000 shares. Based on an average daily volume of 731,600 shares, the short-interest ratio is currently 3.4 days. Approximately 3.1% of the shares of the stock are sold short.

Several analysts have recently commented on the stock. UBS Group restated a “buy” rating on shares of Fortis in a research report on Friday, June 7th. Barclays set a $24.00 price objective on shares of Tenet Healthcare and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, BMO Capital Markets raised their price objective on shares of Discover Financial Services to $92.00 and gave the company a “market perform” rating in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $143.53.

Institutional investors and hedge funds have recently bought and sold shares of the stock. 6 Meridian grew its stake in shares of Universal Health Services by 2.6% in the 2nd quarter. 6 Meridian now owns 3,756 shares of the health services provider’s stock worth $490,000 after buying an additional 96 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Universal Health Services by 40.0% in the 4th quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock worth $43,000 after buying an additional 104 shares in the last quarter. Avalon Advisors LLC grew its stake in shares of Universal Health Services by 0.4% in the 1st quarter. Avalon Advisors LLC now owns 28,533 shares of the health services provider’s stock worth $3,817,000 after buying an additional 113 shares in the last quarter. Strs Ohio grew its stake in shares of Universal Health Services by 0.9% in the 1st quarter. Strs Ohio now owns 19,683 shares of the health services provider’s stock worth $2,632,000 after buying an additional 170 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its stake in shares of Universal Health Services by 0.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 21,806 shares of the health services provider’s stock worth $2,916,000 after buying an additional 194 shares in the last quarter. 86.92% of the stock is owned by institutional investors.

UHS traded up $0.79 during trading on Monday, hitting $133.69. 4,091 shares of the company traded hands, compared to its average volume of 513,389. The company has a market cap of $11.96 billion, a P/E ratio of 13.92, a PEG ratio of 1.42 and a beta of 1.04. The stock has a 50-day moving average price of $125.54. Universal Health Services has a 1 year low of $111.68 and a 1 year high of $142.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.09 and a current ratio of 1.18.

Universal Health Services (NYSE:UHS) last posted its earnings results on Thursday, April 25th. The health services provider reported $2.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.62 by ($0.17). The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Universal Health Services had a net margin of 7.26% and a return on equity of 16.21%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 earnings per share. Analysts anticipate that Universal Health Services will post 9.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 0.30%. Universal Health Services’s payout ratio is 4.20%.

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.

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