Olstein Capital Management L.P. Has $4,189,000 Position in Universal Health Services Inc. (UHS)
Olstein Capital Management L.P. increased its position in Universal Health Services Inc. (NYSE:UHS) by 41.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,000 shares of the company’s stock after buying an additional 10,000 shares during the period. Olstein Capital Management L.P.’s holdings in Universal Health Services were worth $4,189,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Universal Health Services by 1.2% in the second quarter. Vanguard Group Inc. now owns 8,106,458 shares of the company’s stock worth $1,087,076,000 after buying an additional 99,338 shares in the last quarter. FMR LLC boosted its stake in shares of Universal Health Services by 13.4% in the second quarter. FMR LLC now owns 4,634,852 shares of the company’s stock worth $621,534,000 after buying an additional 546,464 shares in the last quarter. State Street Corp boosted its stake in shares of Universal Health Services by 2.3% in the second quarter. State Street Corp now owns 3,687,677 shares of the company’s stock worth $494,513,000 after buying an additional 82,984 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Universal Health Services by 17.2% in the third quarter. JPMorgan Chase & Co. now owns 1,766,229 shares of the company’s stock worth $217,635,000 after buying an additional 259,562 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Universal Health Services by 1.3% in the second quarter. Jennison Associates LLC now owns 1,445,900 shares of the company’s stock worth $193,895,000 after buying an additional 18,481 shares in the last quarter. 85.69% of the stock is owned by institutional investors.
Shares of Universal Health Services Inc. (NYSE:UHS) traded up 0.43% during trading on Tuesday, reaching $123.18. The company had a trading volume of 398,354 shares. Universal Health Services Inc. has a 12 month low of $100.82 and a 12 month high of $139.77. The firm has a 50 day moving average price of $122.23 and a 200 day moving average price of $127.22. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 17.35 and a beta of 1.14.
Universal Health Services (NYSE:UHS) last released its earnings results on Wednesday, October 26th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by $0.08. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.40 billion. Universal Health Services had a return on equity of 16.35% and a net margin of 7.31%. Universal Health Services’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.53 EPS. Analysts predict that Universal Health Services Inc. will post $7.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, November 29th. Universal Health Services’s payout ratio is 5.63%.
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UHS has been the subject of a number of analyst reports. Avondale Partners cut Universal Health Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 9th. Zacks Investment Research raised Universal Health Services from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Mizuho cut Universal Health Services from a “buy” rating to a “neutral” rating and set a $133.00 price target for the company. in a research report on Wednesday, November 9th. Wolfe Research initiated coverage on Universal Health Services in a research report on Tuesday, October 25th. They issued a “market perform” rating for the company. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $147.00 price target on shares of Universal Health Services in a research report on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $141.00.
Universal Health Services Company Profile
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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