Amalgamated Bank lifted its stake in shares of Universal Health Services, Inc. (NYSE:UHS – Free Report) by 26.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,075 shares of the health services provider’s stock after buying an additional 5,297 shares during the quarter. Amalgamated Bank’s holdings in Universal Health Services were worth $3,153,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in UHS. Norges Bank purchased a new stake in Universal Health Services during the 4th quarter worth about $66,334,000. Iron Triangle Partners LP acquired a new position in Universal Health Services in the second quarter valued at approximately $74,152,000. Goldman Sachs Group Inc. increased its stake in Universal Health Services by 45.4% in the second quarter. Goldman Sachs Group Inc. now owns 802,139 shares of the health services provider’s stock valued at $80,784,000 after purchasing an additional 250,295 shares during the last quarter. Junto Capital Management LP acquired a new stake in Universal Health Services during the second quarter worth approximately $31,783,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Universal Health Services during the 2nd quarter worth approximately $30,500,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on UHS shares. JPMorgan Chase & Co. dropped their target price on shares of Universal Health Services from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Friday, November 17th. The Goldman Sachs Group raised Universal Health Services from a “sell” rating to a “buy” rating and set a $170.00 target price for the company in a report on Monday, December 11th. StockNews.com upgraded Universal Health Services from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company upgraded Universal Health Services from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $144.00 to $177.00 in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.07.
Universal Health Services Trading Up 0.3 %
NYSE UHS opened at $162.38 on Friday. Universal Health Services, Inc. has a 52-week low of $113.69 and a 52-week high of $164.81. The firm has a 50-day moving average price of $153.28 and a 200 day moving average price of $138.42. The stock has a market capitalization of $11.08 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.40 and a beta of 1.24. The company has a quick ratio of 1.28, a current ratio of 1.38 and a debt-to-equity ratio of 0.79.
Universal Health Services Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Universal Health Services’s dividend payout ratio (DPR) is presently 8.39%.
Universal Health Services Company Profile
Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Services segments. Its 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.
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