Lord Abbett & CO. LLC Buys Shares of 40,400 Universal Health Services, Inc. (UHS)

Lord Abbett & CO. LLC bought a new position in Universal Health Services, Inc. (NYSE:UHS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,400 shares of the health services provider’s stock, valued at approximately $4,932,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in UHS. Vanguard Group Inc. lifted its stake in Universal Health Services by 2.2% during the second quarter. Vanguard Group Inc. now owns 8,969,365 shares of the health services provider’s stock valued at $1,094,982,000 after buying an additional 191,666 shares in the last quarter. BlackRock Inc. increased its holdings in Universal Health Services by 0.5% in the second quarter. BlackRock Inc. now owns 6,656,148 shares of the health services provider’s stock worth $812,583,000 after buying an additional 29,943 shares during the last quarter. Maverick Capital Ltd. increased its holdings in Universal Health Services by 9.6% in the second quarter. Maverick Capital Ltd. now owns 5,426,487 shares of the health services provider’s stock worth $662,466,000 after buying an additional 473,763 shares during the last quarter. FMR LLC increased its holdings in Universal Health Services by 4.6% in the second quarter. FMR LLC now owns 4,623,099 shares of the health services provider’s stock worth $564,387,000 after buying an additional 204,558 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Universal Health Services by 18,950.9% in the second quarter. Janus Henderson Group PLC now owns 2,260,197 shares of the health services provider’s stock valued at $275,926,000 after acquiring an additional 2,248,333 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.

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UHS has been the subject of several research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $147.00 target price on shares of Universal Health Services in a research report on Tuesday, October 3rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $134.00 price objective on shares of Universal Health Services in a research report on Friday, July 28th. KeyCorp reiterated a “buy” rating and issued a $127.00 price objective on shares of Universal Health Services in a research report on Thursday, September 7th. Robert W. Baird restated a “buy” rating and set a $122.00 target price on shares of Universal Health Services in a research report on Friday, October 27th. Finally, TheStreet cut Universal Health Services from a “b” rating to a “c+” rating in a report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $127.79.

Universal Health Services, Inc. (NYSE:UHS) traded up $0.05 during mid-day trading on Tuesday, reaching $97.76. The company had a trading volume of 1,763,500 shares, compared to its average volume of 776,566. The company has a market cap of $9,346.45, a PE ratio of 13.06, a PEG ratio of 2.22 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.26 and a quick ratio of 1.16. Universal Health Services, Inc. has a fifty-two week low of $95.59 and a fifty-two week high of $129.74.

Universal Health Services (NYSE:UHS) last announced its earnings results on Wednesday, October 25th. The health services provider reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.27). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. Universal Health Services had a return on equity of 15.13% and a net margin of 6.90%. Universal Health Services’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. analysts predict that Universal Health Services, Inc. will post 7.36 EPS for the current year.

Universal Health Services Profile

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.

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

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