The Universal Health Services Inc. (UHS) Stake Decreased by Ameriprise Financial Inc.

The Universal Health Services Inc. (UHS) Stake Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in Universal Health Services Inc. (NYSE:UHS) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,112 shares of the company’s stock after selling 5,783 shares during the period. Ameriprise Financial Inc. owned approximately 0.10% of Universal Health Services worth $12,459,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of Universal Health Services during the second quarter valued at about $11,460,000. Strs Ohio increased its stake in shares of Universal Health Services by 17.8% in the second quarter. Strs Ohio now owns 16,859 shares of the company’s stock valued at $2,260,000 after buying an additional 2,553 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Universal Health Services during the second quarter valued at about $215,000. Artemis Investment Management LLP increased its stake in shares of Universal Health Services by 598.2% in the second quarter. Artemis Investment Management LLP now owns 160,098 shares of the company’s stock valued at $21,467,000 after buying an additional 137,168 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Universal Health Services by 3.5% in the second quarter. American Century Companies Inc. now owns 442,290 shares of the company’s stock valued at $59,311,000 after buying an additional 14,882 shares during the period. Institutional investors own 84.82% of the company’s stock.

Universal Health Services Inc. (NYSE:UHS) traded down 0.61% during mid-day trading on Thursday, reaching $112.91. The company had a trading volume of 11,843 shares. Universal Health Services Inc. has a one year low of $99.72 and a one year high of $139.77. The stock has a market capitalization of $10.95 billion, a PE ratio of 15.90 and a beta of 1.10. The company’s 50-day moving average is $111.50 and its 200-day moving average is $121.57.

Universal Health Services (NYSE:UHS) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by $0.08. Universal Health Services had a return on equity of 16.35% and a net margin of 7.31%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that Universal Health Services Inc. will post $7.35 earnings per share for the current year.

UHS has been the subject of several recent analyst reports. Zacks Investment Research downgraded Universal Health Services from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Wolfe Research started coverage on Universal Health Services in a report on Tuesday, October 25th. They set a “market perform” rating for the company. Mizuho decreased their price objective on Universal Health Services from $150.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, October 27th. Bank of America Corp. downgraded Universal Health Services from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $150.00 to $135.00 in a report on Wednesday, November 9th. Finally, Avondale Partners downgraded Universal Health Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $136.85.

About Universal Health Services

Universal Health Services, Inc is a holding company. The Company, through its subsidiaries, is engaged in owning and operating acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers. Its segment is acute care hospital services and behavioral healthcare services.

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