Martingale Asset Management L P Buys New Stake in Universal Health Services, Inc. (UHS)

Martingale Asset Management L P bought a new position in Universal Health Services, Inc. (NYSE:UHS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 35,018 shares of the health services provider’s stock, valued at approximately $4,477,000.

A number of other large investors have also modified their holdings of the stock. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Universal Health Services by 181.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,420 shares of the health services provider’s stock valued at $715,000 after purchasing an additional 4,140 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Universal Health Services in the second quarter valued at about $13,978,000. Unigestion Holding SA bought a new stake in shares of Universal Health Services in the second quarter valued at about $267,000. Janney Montgomery Scott LLC lifted its holdings in shares of Universal Health Services by 17.7% in the second quarter. Janney Montgomery Scott LLC now owns 6,931 shares of the health services provider’s stock valued at $772,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Universal Health Services in the second quarter valued at about $114,000. Institutional investors own 89.98% of the company’s stock.

A number of research firms recently issued reports on UHS. UBS Group began coverage on Universal Health Services in a research report on Thursday, November 15th. They issued a “buy” rating and a $156.00 target price on the stock. Citigroup lowered their target price on Universal Health Services from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Bank of America raised Universal Health Services from a “neutral” rating to a “buy” rating and lifted their target price for the company from $128.00 to $155.00 in a research report on Tuesday, September 18th. Zacks Investment Research raised Universal Health Services from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Monday, August 6th. Finally, Morgan Stanley lowered their target price on Universal Health Services from $134.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $137.47.

NYSE:UHS opened at $131.84 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.09. The stock has a market capitalization of $12.20 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.32 and a beta of 0.80. Universal Health Services, Inc. has a 52-week low of $99.07 and a 52-week high of $135.03.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings results on Thursday, October 25th. The health services provider reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.68 billion. Universal Health Services had a return on equity of 16.33% and a net margin of 7.89%. On average, analysts anticipate that Universal Health Services, Inc. will post 9.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, November 30th. Universal Health Services’s dividend payout ratio (DPR) is presently 5.31%.

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

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