Assetmark Inc. Purchases 5,149 Shares of Universal Health Services, Inc. (NYSE:UHS)

Assetmark Inc. increased its position in shares of Universal Health Services, Inc. (NYSE:UHS) by 75.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,935 shares of the health services provider’s stock after acquiring an additional 5,149 shares during the period. Assetmark Inc.’s holdings in Universal Health Services were worth $1,819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Universal Health Services by 42.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 267 shares of the health services provider’s stock valued at $34,000 after buying an additional 80 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Universal Health Services in the 4th quarter valued at about $42,000. Tompkins Financial Corp bought a new stake in shares of Universal Health Services in the 4th quarter valued at about $96,000. Van ECK Associates Corp grew its position in shares of Universal Health Services by 9.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,004 shares of the health services provider’s stock valued at $126,000 after buying an additional 88 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Universal Health Services in the 3rd quarter valued at about $175,000. Institutional investors own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stephens reiterated an “equal weight” rating and issued a $185.00 price target on shares of Universal Health Services in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their price target on Universal Health Services from $144.00 to $182.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Wells Fargo & Company boosted their price objective on Universal Health Services from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. TD Cowen boosted their price objective on Universal Health Services from $181.00 to $183.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Mizuho boosted their price objective on Universal Health Services from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Universal Health Services has an average rating of “Moderate Buy” and an average target price of $186.47.

Universal Health Services Stock Down 0.3 %

UHS stock opened at $176.37 on Friday. The stock’s 50 day simple moving average is $172.77 and its 200 day simple moving average is $160.37. Universal Health Services, Inc. has a fifty-two week low of $119.90 and a fifty-two week high of $183.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.28 and a current ratio of 1.38. The company has a market cap of $11.80 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.26.

Universal Health Services (NYSE:UHS) last issued its quarterly earnings data on Wednesday, April 24th. The health services provider reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.56. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.78 billion. Universal Health Services had a return on equity of 13.34% and a net margin of 5.57%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 EPS. On average, research analysts expect that Universal Health Services, Inc. will post 13.64 earnings per share for the current fiscal year.

Universal Health Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, June 3rd. Universal Health Services’s dividend payout ratio is currently 6.78%.

Insiders Place Their Bets

In other Universal Health Services news, CFO Steve Filton sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $176.82, for a total transaction of $6,188,700.00. Following the completion of the sale, the chief financial officer now directly owns 68,785 shares of the company’s stock, valued at approximately $12,162,563.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.10% of the company’s stock.

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.