ETRADE Capital Management LLC Sells 2,849 Shares of Universal Health Services, Inc. (NYSE:UHS)

ETRADE Capital Management LLC decreased its position in Universal Health Services, Inc. (NYSE:UHS) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,056 shares of the health services provider’s stock after selling 2,849 shares during the quarter. ETRADE Capital Management LLC’s holdings in Universal Health Services were worth $897,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Universal Health Services by 20.2% in the first quarter. Swiss National Bank now owns 375,134 shares of the health services provider’s stock valued at $37,168,000 after purchasing an additional 63,000 shares during the period. Aigen Investment Management LP raised its position in shares of Universal Health Services by 373.9% in the first quarter. Aigen Investment Management LP now owns 4,407 shares of the health services provider’s stock valued at $437,000 after purchasing an additional 3,477 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Universal Health Services by 6.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,890 shares of the health services provider’s stock valued at $3,655,000 after purchasing an additional 2,207 shares during the period. Mackay Shields LLC raised its position in shares of Universal Health Services by 35.8% in the first quarter. Mackay Shields LLC now owns 16,678 shares of the health services provider’s stock valued at $1,652,000 after purchasing an additional 4,397 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Universal Health Services by 41.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,721 shares of the health services provider’s stock worth $1,161,000 after acquiring an additional 3,433 shares during the period. 85.56% of the stock is currently owned by institutional investors.

Universal Health Services stock opened at $105.57 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.09 and a quick ratio of 0.99. The stock has a fifty day moving average price of $99.70 and a two-hundred day moving average price of $124.79. Universal Health Services, Inc. has a 52-week low of $65.20 and a 52-week high of $157.79. The firm has a market capitalization of $8.97 billion, a P/E ratio of 12.89, a P/E/G ratio of 2.24 and a beta of 1.05.

Universal Health Services (NYSE:UHS) last released its quarterly earnings data on Monday, April 27th. The health services provider reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.59 by ($0.86). Universal Health Services had a return on equity of 14.89% and a net margin of 6.34%. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Universal Health Services, Inc. will post 7.06 EPS for the current fiscal year.

UHS has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating on shares of Universal Health Services in a research report on Thursday, April 30th. UBS Group dropped their target price on shares of Universal Health Services from $150.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Bank of America lowered shares of Universal Health Services from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $104.00 in a research report on Monday, March 23rd. Barclays reaffirmed a “hold” rating and set a $145.00 target price on shares of Universal Health Services in a research report on Friday, February 28th. Finally, Piper Sandler dropped their target price on shares of Universal Health Services from $141.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $143.23.

About Universal Health Services

Universal Health Services, Inc, through its subsidiaries, owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. The company operates through Acute Care Hospital Services, Behavioral Health Care Services, and Other segments. Its hospital offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.

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Institutional Ownership by Quarter for Universal Health Services (NYSE:UHS)

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