Stocks: Universal Health Services, Inc. (UHS) Shares Bought by Sumitomo Mitsui Asset Management Company LTD

Stocks: Universal Health Services, Inc. (UHS) Shares Bought by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD boosted its position in Universal Health Services, Inc. (NYSE:UHS) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,525 shares of the health services provider’s stock after buying an additional 519 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Universal Health Services were worth $936,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KCG Holdings Inc. increased its stake in shares of Universal Health Services by 596.8% in the third quarter. KCG Holdings Inc. now owns 19,839 shares of the health services provider’s stock valued at $2,445,000 after buying an additional 16,992 shares during the period. Laurion Capital Management LP bought a new stake in shares of Universal Health Services during the third quarter valued at about $333,000. BOKF NA bought a new stake in shares of Universal Health Services during the third quarter valued at about $202,000. Acrospire Investment Management LLC increased its stake in shares of Universal Health Services by 100.0% in the third quarter. Acrospire Investment Management LLC now owns 1,200 shares of the health services provider’s stock valued at $148,000 after buying an additional 600 shares during the period. Finally, McKinley Carter Wealth Services Inc. increased its stake in shares of Universal Health Services by 1.3% in the third quarter. McKinley Carter Wealth Services Inc. now owns 16,691 shares of the health services provider’s stock valued at $2,057,000 after buying an additional 213 shares during the period. 84.63% of the stock is currently owned by institutional investors.

Shares of Universal Health Services, Inc. (NYSE:UHS) traded up 0.01% during trading on Friday, hitting $122.84. The stock had a trading volume of 7,706 shares. Universal Health Services, Inc. has a 52 week low of $99.72 and a 52 week high of $139.46. The stock’s 50 day moving average is $122.17 and its 200 day moving average is $118.56. The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 16.77 and a beta of 1.10.

Universal Health Services (NYSE:UHS) last released its quarterly earnings results on Tuesday, April 25th. The health services provider reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.03. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Universal Health Services had a net margin of 7.31% and a return on equity of 16.35%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS. On average, equities research analysts expect that Universal Health Services, Inc. will post $8.01 earnings per share for the current fiscal year.

Several brokerages recently issued reports on UHS. Royal Bank of Canada cut their price target on Universal Health Services from $157.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Piper Jaffray Companies reissued an “overweight” rating and issued a $147.00 price target on shares of Universal Health Services in a report on Monday, April 17th. Mizuho raised Universal Health Services from a “neutral” rating to a “buy” rating and raised their price target for the stock from $133.00 to $138.00 in a report on Monday, March 27th. Zacks Investment Research downgraded Universal Health Services from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Finally, Deutsche Bank AG began coverage on Universal Health Services in a report on Tuesday, April 4th. They issued a “buy” rating and a $145.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $141.40.

In other news, insider Steve Filton sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $123.80, for a total transaction of $1,238,000.00. Following the transaction, the insider now directly owns 257,492 shares of the company’s stock, valued at $31,877,509.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.80% of the stock is owned by corporate insiders.

About Universal Health Services

Universal Health Services, Inc is a holding company. The Company’s principal business is owning and operating, through its subsidiaries, acute care hospitals and outpatient facilities, and behavioral healthcare facilities. The Company’s segments include Acute Care Hospital Services, Behavioral Health Services and Other.

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