Universal Health Services, Inc. (NYSE:UHS) has observed significant market activity recently, with notable changes in short interest and a 33.2% decrease being reported. Meanwhile, PNC Financial Services Group sold just short of 5000 UHS shares. This coincides with emerging information concerning a $387 million lawsuit against Cumberland Children's Hospital. Discussions around UHS using excessive debt also resurfaced, raising questions on its financial management. In a bold, positive move, the company announced plans to meet future healthcare needs by naming a new hospital: Beaumont Behavioral Health. Universal Health Services partnered to enhance mental health services in a significant, comprehensive new project. The company saw its stock price reach a new 52-week high at $191.28. Despite recent challenges including $67 million in losses due to a ransomware attack, significant insider disposing of stocks, and a rare shareholder rebuke prompting a director’s resignation, UHS forges ahead with future-focused projects. UHS worked towards expansion by breaking ground on a new mental health hospital, while they also finalized a substantial $122M settlement with DOJ. Overall, analysts consensus is to “Hold” UHS stocks.
Universal Health Services Class B UHS News Analytics from Wed, 07 Dec 2016 08:00:00 GMT to Sun, 23 Jun 2024 07:57:06 GMT -
Rating 1
- Innovation -5
- Information 5
- Rumor -7
