Short Interest in Universal Health Services, Inc. (NYSE:UHS) Declines By 7.9%

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Universal Health Services, Inc. (NYSE:UHS) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 2,502,400 shares, a decline of 7.9% from the May 30th total of 2,717,000 shares. Based on an average daily trading volume, of 731,600 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.1% of the company’s shares are short sold.

Several brokerages recently issued reports on UHS. BMO Capital Markets boosted their price target on shares of Discover Financial Services to $92.00 and gave the company a “market perform” rating in a research report on Monday, April 29th. Barclays set a $24.00 price target on shares of Tenet Healthcare and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, UBS Group reiterated a “buy” rating on shares of Fortis in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $143.53.

UHS traded up $0.79 during midday trading on Monday, reaching $133.69. The company’s stock had a trading volume of 4,091 shares, compared to its average volume of 513,389. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 1.09. Universal Health Services has a 1 year low of $111.68 and a 1 year high of $142.21. The company’s 50-day simple moving average is $125.54.

Universal Health Services (NYSE:UHS) last announced its quarterly earnings data on Thursday, April 25th. The health services provider reported $2.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.62 by ($0.17). The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Universal Health Services had a return on equity of 16.21% and a net margin of 7.26%. Universal Health Services’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.45 EPS. Sell-side analysts anticipate that Universal Health Services will post 9.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Friday, May 31st. Universal Health Services’s payout ratio is 4.20%.

Large investors have recently bought and sold shares of the company. Ellis Investment Partners LLC purchased a new stake in shares of Universal Health Services during the first quarter valued at approximately $40,000. Bessemer Group Inc. grew its holdings in shares of Universal Health Services by 40.0% during the fourth quarter. Bessemer Group Inc. now owns 364 shares of the health services provider’s stock valued at $43,000 after buying an additional 104 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Universal Health Services during the second quarter valued at approximately $47,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Universal Health Services during the first quarter valued at approximately $49,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Universal Health Services by 191.1% during the first quarter. Quadrant Capital Group LLC now owns 553 shares of the health services provider’s stock valued at $71,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

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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